Fannie Mae: Housing is “on a sustained growth path”

While impending fiscal cuts at the federal level will likely put a damper on economic growth in the first half of this year, home-price growth and an increase in homebuilding suggest housing is “on a sustained growth path,” according to a monthly economic outlook released by Fannie Mae’s Economic & Strategic Research Group. The lowest …

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Mortgage rates probe new lows

Eight out of 10 loan applications are for refis By Inman News, Thursday, February 2, 2012  Inman News® Mortgage rates plunged to new all-time lows this week as investors in bonds that fund most home loans reacted to news that the economy grew more slowly than expected during the last three months of 2011. Freddie …

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42,000 of California’s jobless will get help with mortgages

42,000 of California’s jobless will get help with mortgages The U.S. Treasury Dept. announced yesterday it is providing additional funding to a California program to help homeowners struggling to make their mortgage payments due to unemployment. The program, administered through the California Housing Finance Agency (CalHFA) will assist struggling borrowers make up to six months …

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