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Estimated Annual Pace Down Three Percent For Condos, Apartments and Single Family

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RealtyTrac released its July 2014 U.S Residential & Foreclosure Sales Report, which shows that U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annual pace of 4,634,513 in July, down three percent from the previous month and down 12 percent from a year ago — the third consecutive month where annualized sales volume has decreased on a year-over-year basis.Click to continue

Making Lemonade From a Lemon-Level Rate Picture

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The latest mortgage rate data from Freddie Mac is anything but sweet. And while there is little evidence that the picture will substantially improve in the immediate future, there is some movement across the industry to find other ways to successfully expand bottom lines.Click to continue

July Home Sales Indicate Rebound According to NAR

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Pending home sales rebounded in July and have now risen in four of the last five months, according to the National Association of Realtors. All major regions experienced healthy gains except for the Midwest, which saw a slight decline.Click to continue

Multifamily Production Index Gains Five Points

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The Multifamily Production Index (MPI) recently released by the National Association of Home Builders (NAHB), posted a gain of five points to a reading of 58 for the second quarter. It is the 10th straight quarter with a reading of 50 or above.Click to continue

Rates Begin to Level on Zillow Marketplace

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The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.08 percent, up two basis points from this time last week. The 30-year fixed mortgage rate rose early last week, peaking at 4.23 percent on Wednesday before falling to the current rate on Tuesday.Click to continue

HSH.com: Mortgage Rates Level Off

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Rates on the most popular types of mortgages held nearly still according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by a single basis point (0.01 percent) to 4.19 percent. Conforming 5/1 Hybrid ARM rates remained unchanged for the week, holding at an average of 3.14 percent for the period.Click to continue

Mortgage Banker Profits Back on the Rise in Q2

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Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $954 on each loan they originated in the second quarter of 2014, up from a reported loss of $194 per loan in the first quarter of 2014, the Mortgage Bankers Association (MBA) reported in its Quarterly Mortgage Bankers Performance Report.Click to continue

Home Price Gains Begin to Slow Nationwide

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Data through June 2014, released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices show a sustained slowdown in price increases. The National Index gained 6.2 percent in the 12 months ending June 2014 while the 10-City and 20-City Composites gained 8.1 percent; all three indices saw their rates slow considerably from last month. Every city saw its year-over-year return worsen.Click to continue