Timing is key when locking home loan

Borrowers shopping for a mortgage are obliged to select a lender before the price is “locked.” As a result, borrowers in shopping mode are vulnerable to lowballing — the practice of quoting a price below the market as a way of influencing the shopper’s selection. Borrowers who have already selected a lender but have not …

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Yearly Price Gains Maintained by Decrease in Distressed Sales

“Summer’s end may have led to the close of a strong home-buying season, but a decrease in distressed sales is helping prices maintain their yearly gain and some regions are still experiencing monthly price increases. As of August 23, 2012, prices fell 0.4 percent in 25 major U.S. metropolitan areas from July 23, 2012, according …

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Consumer optimism may bump into housing market reality

Consumer optimism may bump into housing market reality More than half of U.S. consumers expect home prices in their local market to return to their bubble-era highs within the next 10 years, according to the latest American Dream survey from real estate search and marketing site Trulia. Market research firm Harris Interactive conducted the biannual …

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Home Prices Increased

For the first time since March 2010, data from Lender Processing Services (LPS) showed an increase in home prices, but still, the analytics company warned to embrace the positive news with some caution.   Nationally, February 2012 seasonally-adjusted prices rose 0.2 percent, according to the LPS Home Price Index, which incorporated residential sales concluded during …

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