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Survey: First time buyers have lofty expectations

The main concern of first-time homebuyers might be affordability, but their expectations are higher than what they can afford, according to a survey by one of the countries largest franchise chain of real estate offices. The online survey was conducted among 150 of...

30-year mortgages remain at 6.52%

August 15, 2008 – Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52% this week....

Home Owners in denial about falling prices

The majority of homeowners believe their house is insulated from the housing crisis, which has seen 77% of the nation’s homes fall in value during the second quarter. Zillow, an online real estate company’s second-quarter homeowner confidence survey found...