[mEDITate-OR:
swing up and down, with impunity, to the value of the EURO...
While the RE mortgage rates hover at record lows...
the prices of homes, after the buyer tax credit expired...
have dropped in almost all markets.
Now, buyers are finding that they can buy a home for effectively less than they could before the expirations.
Bcuz, sellers, who needed to sell, but could not..., are now dropping their prices.
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Mortgage rates up from yearly low
National average for a 30-year fixed loan dips slightly to 4.75 percent
Rates on 30-year fixed mortgages backed off from yearly lows this week, but still remain historically cheap.
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Mortgage applications rise nearly 18 percent
Applications to refinance home loans were up 21 percent
The number of customers applying for mortgages jumped last week, a sign that the market could be stabilizing after dropping off sharply last month.
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