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Funding sought for affordable housing projects (access required)

A third of the nation’s U.S. senators have sent a letter to Mel Watt, the new head of the Federal Housing Finance Agency and a former U.S. congressman from Charlotte, asking him to use funds from Fannie Mae and Freddie ...

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Mortgage changes debut (access required)

Mortgage changes debut <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the ability-to-repay and qualified mortgage rules that ...

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Annual housing production rate tops 1 million (access required)

Strong increases in both single-family and multifamily starts raised our nationwide housing production 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the Department of Housing and Urban Development and the ...

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Average US 30-year mortgage rises to 4.48 percent (access required)

WASHINGTON  — Average U.S. rates for fixed mortgages crept higher this week but remained low by historical standards. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 4.48 percent from 4.47 percent last week. ...

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Is Web traffic a good bot, or a bad bot? (access required)

The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for their portfolios, has created a situation in ...

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Income of $125,000 needed to buy San Francisco home (access required)

The income required to purchase a median-priced home in today’s market depends largely on location and varies quite a bit across the country. In Cleveland, you could earn $22,000 a year and still afford a house, but in San Francisco, ...

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Seniors healthier when they own home (access required)

A new study has revealed that seniors who own their homes are much more likely to enjoy good health and a generally good life during their senior years than those who rent their residences. The study was sponsored by the ...

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2014 housing market looks ‘good’, but lending may tighten (access required)

2014 housing market looks ‘good’, but lending may tighten <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

CHARLOTTE – The year ahead will be “good, not great” for the housing market, with an anticipated 5 percent growth in housing sales from 2013, according to forecast Freddie Mac’s Chief Economist Frank Nofthat delivered to an audience of real ...

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