Market Conditions
The latest report from Zillow indicates that one-third of Americans who sold their home in the past year lost money.
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Hot Market: Fort Myers Market Searing
Prices are down 39 percent in Fort Myers, Florida fueling an amazing surge in sales of more than 125 percent in September. Following years of investor-driven profit, prices have been correcting at an alarming rate, at least to those who had funny-money loans.
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Mortgage Rates Down for Second Week Running
Freddie Mac today released the results of its Primary Mortgage Market Survey PMMS in which the 30-year fixed-rate mortgage FRM averaged 6.14 percent with an average 0.7 point for the week ending November 13, 2008, down from last week when it averaged 6.20 percent. Last year at this time, the 30-year FRM averaged 6.24 percent.
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