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The Ins and Outs of Down Payments

Lenders like to see clients lay down a sizable down payment before they approve a mortgage, which lowers the odds that you’ll default on your loan. Here, some tips from Yahoo.com on how large a down payment you actually need, along with…

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C.A.R. Applauds FHFA for Raising Conforming Loan Limits

The California Association of Realtors (C.A.R.) praises Federal Housing Finance Agency Director Mel Watt for raising the existing Fannie Mae and Freddie Mac conforming loan limits, which will provide stability and certainty to the housing market and give tens of…

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Mortgage Rates Climb Higher

Freddie Mac’s most recent Primary Mortgage Market Survey shows average fixed mortgage rates moving higher. “This week’s survey reflects pre-election market conditions,” says Sean Becketti, Freddie Mac’s chief economist. “As a result, the 30-year mortgage rate increased to 3.57 percent,…

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The Biggest First-Time Homebuyer Mistakes

The National Association of Realtors’ September existing-home sales report showed that individuals entering the home market for the first time accounted for 34 percent of all buyers, helping drive one of the best months the association has ever seen. With…

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Opportunity Knocks for Home Flippers

Home flipping is turning into a thriving business, with the number of overturned properties this year reaching its highest level since pre-crash 2007. “Flipping activity is hot again due to the fact that we are seeing strong price appreciation, driven…

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First-time Buyers Steer Existing-Home Sales Higher in September

Existing-home sales bounced back significantly in September, driven by a 34 percent share in first-time buyers—a high that has not been seen in more than four years, according to the National Association of Realtors (NAR). All major regions saw an…

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Six Tips for Buying a Home When You’re Self-Employed

It’s not impossible to purchase a home if you’re self-employed is not impossible. It can be done if you plan ahead, know where to seek lending and file the right paperwork at the right time. Here, some tips from Redfin…

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Hope is on the Horizon for Millennial Homebuyers

An abundance of student loan debt and high rent payments have been major obstacles for millennials trying to save money for a down payment on a home, according to Redfin. However, findings from the real estate company’s latest survey of…

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Six Things Homebuyers Should Never Say During a Tour

Although it might be tempting to say exactly what’s on your mind while hunting for a house, Inman.com encourages buyers to think a moment before making any off-the-cuff comments that could be used against them. Here, a look at six…

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