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Author Archives: Staff Report

Existing-Home sales retreated 5.9% in July (access required)

Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors®. All four major U.S. regions recorded month-over-month and year-over-year sales declines.  Total existing-home sales,[1], completed transactions that include single-family homes, townhomes, condominiums and co-ops, ...

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Mortgage rates jump up  (access required)

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.22 percent.  “The 30-year fixed-rate went back up to well over five percent this week, a reminder that recent volatility ...

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