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Home Prices Lose Steam in June

S&P CoreLogic Case-Shiller reported a deceleration in home prices nationwide, with markets in the western portion of the country reporting the most notable waning of home price growth.

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More Affluent Buyers Turning to ARMs

An erratic mortgage rate market has not necessarily been a “farewell to ARMs,” as Zillow reports the share of ARM apps hit a 15-year high point, comprised primarily of those making nearly $75,000 more than the average borrower.

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Overcoming Housing Affordability Hurdles

Cake Mortgage CEO David Abelyan shares his perspective on what needs to be done in the market to help alleviate the affordability issue, and what products are ideal to assist first-time buyers.  

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Homebuyer Affordability Improves for Black, Hispanic Households

Affordability improved for the second straight month in July as the typical homebuyer’s mortgage payment fell slightly, while moderating home-price growth could motivate buyers who've halted their home search to return in coming months. Click here to see more details of MBA's latest Purchase Applications Payment Index.

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Erratic Mortgage Rates Jump Back Upward

After falling back toward the 5%-mark, Freddie Mac reports that mortgage rates rose more than 40-basis points this week, as continued slowdown in economic growth weighs on the housing market.

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