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Florida’s Existing Home and Condo Sales Rise in December 2008

ORLANDO, Fla. – Jan. 26, 2009 – Florida’s existing home sales rose in December, making it the fourth consecutive month that sales activity demonstrated gains in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). December’s statewide sales also

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Eight Tips For Landing a Mortgage

WASHINGTON – Jan. 23, 2009 – Washington is doing all it can to get money flowing again in the housing sector. At around 5 percent, 30-year mortgage rates are at levels that haven’t been seen in, well, 30 years. If you want to buy a home or

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Thirty Year Mortgage Rates Rise After Record Run

McLEAN, Va. – Jan. 23, 2009 – Rates on 30-year mortgages rose above 5 percent this week, ending a five-week run at record low levels, Freddie Mac reported Thursday. Mortgage rates have been in decline since the Federal Reserve said in late November it would buy up

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Mortgage Rates Fall for 5th Straight Week

McLEAN, Va. – Jan. 16, 2009 – Rates on 30-year mortgages set a record for a fifth straight week by dropping to below 5 percent, the lowest mark since Freddie Mac started tracking the data in 1971. Mortgage rates have been dropping since late November, when the

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Fear You Can’t Qualify For Loan? Worth a Try

ORLANDO, Fla. – Jan. 14, 2009 – Qualifying for a mortgage is not nearly as easy these days as it was just a couple of years ago, before the sub prime-loan-market collapse and the worldwide credit freeze. Still, mortgages are approved every day, even for home buyers

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Fannie Mae Bans Evictions of Renters Jan 2009

WASHINGTON – Jan. 14, 2009 – Mortgage finance company Fannie Mae said Tuesday it has adopted a policy allowing renters to remain in their homes even if their landlord enters foreclosure. The new policy will allow residents of about 4,000 properties to sign new leases with Fannie

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Tax Credit Changes Could Unleash Home Sales

If all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales, enough to meaningfully draw down excess housing inventory, the NATIONAL ASSOCIATION OF REALTORS® says. An evaluation of options for a home buyer tax credit

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Florida Cabinet Gets Assurance About Small Insurers Jan 2009

TALLAHASSEE, Fla. (AP) – Jan. 14, 2009 – The state’s insurance commissioner Tuesday tried to calm fears about the solvency of small companies stepping in to replace industry giants that have reduced homeowner coverage in Florida due to the state’s hurricane risk. Commissioner Kevin McCarty told Gov.

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Online Shoppers Beware of the Pitfalls of Going Alone

Home shopping alone – without the help of a professional even when online – can become a huge handicap for home buyers. Here are four reasons: Late information. Shoppers who limit themselves to only looking at real estate Web sites will overlook some very good properties, possibly

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FED Official: Housing is Key to End Recession

While the current recession will be longer and more severe than predicted, housing will help lead the country out of the downturn, Boston Federal Reserve Bank President Eric Rosengren told the Massachusetts Mortgage Bankers Association at its annual meeting. Rosengren said the housing market could stabilize this

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