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Home Prices Rapidly Rise: Is History Repeating Itself?
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'Rapid Price Increases Will Not Last Forever' The current growth in home prices is echoing the lead-up to the recession. Is history repeating itself? The answer is likely not, according to a recently released realtor.com® report. Building is lacking in many markets—one hallmark 10 years ago was over-construction...
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NAHB: Affordability Dips in Q3
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Housing affordability dipped in the third quarter of 2017, as home prices and mortgage rates moved opposite, according to the latest National Association of Home Builders Builders (NAHB)/Wells Fargo...
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What Are Mortgage Points? Should You Pay Them?
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(TNS)—When people want to find out how much their mortgages cost, lenders often give them quotes that include loan rates and points. What Is a Mortgage Point? A mortgage point is a fee equal to 1 percent of the loan amount. A 30-year, $150,000 mortgage might have a rate of 7 percent but...
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