11 must-knows about early mortgage payoff

Q: Will I save money if I make my regular monthly payment early? A: No, paying early merely allows the firm servicing your loan to earn interest on your money until the payment due date. This is not the case, however, if you have a simple interest mortgage (SIM). Because it accrues interest daily, the …

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2012 Housing Market Prediction by CoreLogic

Two prominent home-price indices continued to show declines in September and October, with one outlook indicating no more than flat growth in the next two years. A home-price index report from loan data aggregator Lender Processing Services showed the national average sales price for single-family homes fell 4.4 percent year over year and 1.2 percent …

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Timing Market Prices

The median price in the state of California was $271, 320 in February, down 2.8 percent month-to-month and down 2.5 percent year-to-year.  In the last four years, median price in the first few months of the year has declined more sharply than the long-run trend going back to the late 1970s.  So what is going …

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Price Differences and the Mix of Home Sales

After dipping slightly below the 500,000 benchmark in February, sales of existing single-family homes in California bounced back to 514,090 units in March, an increase of 3.1 percent on a month-to-month basis, and a gain of 1.5 percent from last March.  The statewide median home price increased 5.4 percent to $286,010 from February, after declining …

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