“Prices are bottoming now,” according to a Bank of America Merrill Lynch forecast, released this week.

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30-Year Mortgage Rates Edge Above 4%

Mortgage rates moved up quite a bit this week, following higher bond yields and improving economic data, Freddie Mac reports in its weekly mortgage market survey.
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Bank of America announced this week that it will make an offer to a select group of its borrowers who face foreclosure: You can stay in the property, but you’ll have to rent it instead.
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A real estate agent helped police by tipping them off to a burglary at a vacant home for-sale in Naples, Fla.
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Where are the perfect places to settle down in wedded bliss? Rent.com recently analyzed metro areas nationwide to identify the 10 best cities for newlyweds, factoring in cost of living, annual mean wages, the unemployment rate (which was given double the weight of the other factors), and the availability of rental inventory.
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Fannie Mae and Freddie Mac reportedly are in talks with their regulator to allow principal write-downs in order to minimize losses and prevent foreclosures.
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