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Why Bubble-Era Mortgages Still Threaten Housing Markets – Although traditional refinancing had been done by homeowners to lock in lower interest rates for their mortgage, what became known as a cash-out refinancing was different. With home prices soaring.
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Housing Starts Drop in May, Permits Flat – The May rate for units in buildings with five units or more was 319,000. Mike Fratantoni, SVP and chief economist for the Mortgage Bankers Association, reacted: “Total housing starts changed little in.
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Redfin Says Home Prices Were Up in April – "The good news is that even though home prices are rising again, mortgage rates remain below last year’s levels and are unlikely to tick back up in a meaningful way this year. While buyers no longer.
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Boomers In Debt: Houston Leads Nation – LendingTree looked at anonymized credit report data of My LendingTree users born between 1946 and 1964 who live in the 100 biggest metros to determine where boomers have the biggest non-mortgage.