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Freddie Mac Launches Spanish Version of CreditSmart

Freddie Mac has made available a Spanish version of CreditSmart, the company's free online tutorial designed to educate families on building savings and personal credit, making wise financial choices, and becoming successful homeowners.

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Consumer Uncertainty Impacts Demand in September

Homebuyer interest picked up slightly in September, but the number of customers willing to pull the trigger on purchasing declined substantially, Redfin reported in its latest Real-Time Demand Pulse. The number of buyers requesting home tours from Redfin agents rose 0.2 percent from August, turning up from a steady downward spiral that started in May. Meanwhile, the number of homebuyers submitting offers fell 11.8 percent, the largest monthly drop Redfin has recorded all year.

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Consumer Confidence (Mostly) Weathers Government Shutdown

The University of Michigan's Index of Consumer Sentiment declined to a nine-month low in its preliminary October reading, but analysts say the drop wasn't as bad as it could have been. The index plunged to 75.2 in the mid-month report, down from 77.5 at the end of September. The fall in the headline index was due entirely to a drop in consumer expectations. The Surveys of Consumers' Index of Consumer Expectations fell to a 2013 low of 63.9 from September's 67.8.

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September Brings Seasonal Declines in Sales, Prices, Inventory

The frenzy that has characterized the 2013 housing market has officially come to a close, Redfin says in its latest Real-Time Price Tracker. The tech-powered brokerage reported a seasonal drop in home sales, prices, and inventory in September, though the recovery's strength is still evident in year-over-year gains. Current trends point to continued declines in the months ahead--an expected turn as demand from homebuyers starts to slow down in fall and winter.

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Washington Gridlock Spells Quiet Week for Mortgage Rates

Fixed mortgage rates held more or less steady this week as Capitol Hill remained locked in debate over budgetary concerns. According to data in Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 4.23 percent (0.7 point) for the week ending October 10, just up from 4.22 percent last week. A year ago at this time, the 30-year FRM averaged 3.39 percent. Meanwhile, Bankrate.com recorded a fifth consecutive week of declines for fixed rates in its weekly national survey.

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