Mortgage Rates News
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Updated 21 minutes ago
Dan Kowalyshyn figures he owes about $200,000 more than what his four-bedroom house is worth today. It faces a cul-de-sac where three of the six homes have been lost to foreclosure since his $570,000 purchase in 2006.
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Mortgage rates in the U.S. declined as more Americans sought financing for home purchases.
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The following is the text of the Federal Reserve Board’s First District-- Boston.
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The $10 trillion market for U.S. Treasuries is signaling that the economic recovery may be poised to weaken even as consumer confidence rises toward pre-recession levels.
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China’s local municipalities will press on with efforts to ease property curbs that have slowed the land sales they rely on for revenue, even after two cities retreated in the face of opposition from the central government.
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Home prices in 20 U.S. cities dropped more than forecast in December to the lowest level since the housing crisis began in mid-2006, indicating foreclosures are hampering the industry’s recovery.
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More Americans than forecast signed contracts to buy previously owned homes in January, indicating the industry that sparked the last recession is improving.
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Hang Seng Bank Ltd., the Hong Kong lender majority owned by HSBC Holdings Plc, said profit jumped 12 percent last year as higher lending income offset a slowdown in the city’s demand for borrowing during the second half.
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Some Chinese developers are allowing first-time homebuyers to delay their down payments to boost sales, China Business News reported today, citing unidentified agents.
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Purchases of new homes in the U.S. exceeded forecasts in January after climbing a month earlier to a one-year high, more evidence the housing market is stabilizing.
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