Fixed-Rate Mortgages Lowest on Record

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MCLEAN, Va., -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), coming on the heels of the Federal Reserve's recent announcements. The conventional 30-year fixed averaged an all-time record low at 4.01 percent; likewise the 15-year fixed averaged an all-time record low at 3.28 percent for the week.

Canada's housing market will slow, bank says

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As with all markets, everything is cyclical! --Dane

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The bank said in a report released Tuesday that Canada's housing market has begun to cool, but it remains a "notable outperformer" compared with other countries.

Meatless Monday: Heirloom tomato tartine

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This is very similar to one of my favorite summer treats, but grilled or broiled sounds delish for winter! (I think a splash of Balsamic vinegar, and a bit of freshly ground pepper makes all the difference!

There have been picnics, but not enough. There was an afternoon at the beach with the setting sun unfurling a spangled ribbon across Puget Sound, and lazy Sundays watching the sailboats on Lake Union, and time spent lying on a blanket staring up into the fluttering leaves of summer trees. We ate on restaurant patios every chance we got.

Hot Rents: Where the Growth Is

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Even though San Diego isn't on the "top ten" list, the rental market here is getting very competitive, great news for owners, bad news for renters... might this be the time to think about owning rather than renting?  --Dane

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What a report card! Another quarter, another round of impressive rent fundamental numbers in the apartment sector, with rent growth continuing, particularly increasing its pace in secondary markets as occupancies return to pre-recession highs.

Mortgage Rates Are The Lowest They've Ever Been

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Of course, rates have been trending lower and lower because economic news got progressively worse after a brief bright spot.

Homeowners Expect Prices to Fall

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Has renewed concerns over the job market affected the way agents and homeowners feel about the market? HomeGain