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March existing-home sales almost 6% above a year ago

Severe housing shortages are prompting existing homes to sell significantly faster this year, propelling home sales to the highest pace in more than a decade, the National Association of REALTORS® reported Friday. Total existing-home sales, which include completed transactions for single-family homes, townhomes, condos, and co-ops—reached a seasonally adjusted annual rate of 5.71 million in … [Read More...]

Mortgage rates at a new 2017 low this week

The 30-year fixed-rate mortgage continues to drop this week, setting a new low for 2017, Freddie Mac reports in its weekly mortgage market survey. This marks the fourth consecutive week that 30-year rates have fallen. Freddie Mac reports the following national averages with mortgage rates for the week ending April 13, 2017: 30-year fixed-rate mortgages averaged 4.08 percent, with an average 0.5 … [Read More...]

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