Although mortgage rates are low, home inventory levels remain high. How come?
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Archive for January, 2009
Mortgage rates fall below 5.5 percent (Bankrate.com via Yahoo! Finance)
Thursday, January 29th, 2009Feds raid home of Bonds’ trainer’s wife’s mom (San Francisco Chronicle)
Thursday, January 29th, 2009Federal agents on Wednesday raided the Redwood City home of a financially troubled business executive who also is the mother-in-law of Barry Bonds’ weight trainer, Greg Anderson. Officials of the FBI and the Internal Revenue Service’s criminal division said…
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Home sales brighten December, but outlook still dim (The Frederick News-Post)
Thursday, January 29th, 2009The housing industry saw a glimpse of hope in December as home sales rose 6 5 percent nationwide compared to a year earlier For all of 2008, however, home sales were down 13 percent, according to the National Association of Realtors
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Pennsylvania joins suit over subprime loans (The Philadelphia Inquirer)
Thursday, January 29th, 2009Pennsylvania signed on today to a multistate settlement of lawsuits alleging that Countrywide Financial Corp. - once among the nation’s largest subprime lenders - pushed home buyers into risky mortgages they could ill afford for the sake of profits in the secondary market.
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Options for homeowners in mortgage trouble (WECT 6 Wilmington)
Wednesday, January 28th, 2009While it is painful to face losing your home, the earlier you can start addressing a potential problem, the more options you will have to find the best solution for your financial future.
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Snag a great deal on a short sale (CNN Money)
Wednesday, January 28th, 2009When Brian Gavitt, a physician, and his wife Gayleen, a stay-at-home mom, started to eye homes in Sacramento last winter, they knew they were looking in the hardest-hit areas of the housing bust. So the couple, who were relocating from Lansing, figured they could land a fantastic bargain in no time at all.
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Mitch Schnurman: Higher fees are the flip side to lower home-interest rates (Fort Worth Star-Telegram)
Wednesday, January 28th, 2009A low-interest-rate mortgage sounds great, but people have to pay a lot more for it today.
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Snag a great deal on a short sale (Money via Yahoo! Finance)
Wednesday, January 28th, 2009When Brian Gavitt, a physician, and his wife Gayleen, a stay-at-home mom, started to eye homes in Sacramento last winter, they knew they were looking in the hardest-hit areas of the housing bust.
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Tacoma’s Russell Investments Cutting Jobs (KIRO 7 Seattle-Tacoma)
Wednesday, January 28th, 2009Do you catch yourself counting every penny these days? Find money saving ideas big and small in our Smart Savings Section. Full Story ?? With banks and lenders facing major troubles, gain some insight on how to sell, refinance or keep your home.
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The miracle of Courtroom 676:Saving lives, one address at a time (Philadelphia Daily News)
Wednesday, January 28th, 2009FOUR YEARS ago, Sean Lynch had a good job with U.S. Airways, moving planes and baggage at Philadelphia International, so, for the first time in his life, he was able to buy a home for his young family - a three-bedroom rowhouse on Gratz Street near 66th and Ogontz avenues, in West Oak Lane.
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