Tag Archives: Mortgage Rates

Depression Begone! Home Prices Set Record in April

(Read More: Home Builders Slow New Construction, Raise Prices) Concerns about rising mortgage rates, which spiked in to the mid-4 percent range in just the past week, have dampened expectations for home price gains this summer. Analysts also worry that … Continue reading

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Rising Home Prices Are ‘Unsustainable’—Realtors

Also weighing on home prices are rising mortgage rates. May’s existing home sales report from the Realtors represents closed sales, so contracts and interest rates would have been signed and locked in March or April, before rates began to rise. … Continue reading

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Bay Area Housing Prices Take Big Jump

advertisement U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market … Continue reading

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Reverse Mortgages Backfiring on Seniors

Experts argue reverse mortgages often are being used today for all the wrong reasons. Seniors now have less home equity, less savings, and more debt. “This was originally contemplated as something you could draw money from over a long period … Continue reading

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Reverse Mortgages Are Backfiring on Some Seniors

Experts argue reverse mortgages often are being used today for all the wrong reasons. Seniors now have less home equity, less savings, and more debt. “This was originally contemplated as something you could draw money from over a long period … Continue reading

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