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House values continue to fall, so who cares if top loan limits drop accordingly? Well, agents and homebuilders care. Right now, about $729,000 is the biggest mortgage that will ‘conform’ to the cookie-cutter standards for the secondary market
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The Federal Housing Administration is increasing its annual mortgage insurance premium one quarter of one point on all 15-year and 30-year mortgages backed by the agency. The hike is in response to a congressional mandate that gave the FHA permission
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Home prices in January remained barely above lows hit during the worst of the recession, according to an index that tracks prices in America's biggest cities, and many analysts said they expected values to fall further as the housing downturn plumbs
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Mortgage rates creep higher this week but the average cost of the mainstay 30-year fixed-rate home loan remains under 5% a year, Freddie Mac reports. Mortgage rates crept higher this week but the average cost of the mainstay 30-year fixed-rate home loan
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