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Real Estate Reads – 7/11/13

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Some news concerning the world of real estate:

Federal Reserve’s tapering of treasury purchases geared to steer housing recovery
A report from Bloomberg said the Fed may concentrate first on trimming purchases of Treasuries while continuing to buy mortgage bonds to keep a lid on interest rates for home loans.
30-year mortgage rates at two-year high
Freddie Mac announced the rate at 4.51 percent on expectations that the Federal Reserve will slow its bond purchases this year.
Rising rates brings pause to Utah homeowners
Residents facing bigger mortgages or a smaller home.
6C8218656-armstrong-house.blocks_desktop_mediumCyclist Lance Armstrong purchases Austin home
Home once owned by former Texas Lt. Governor. Also, Wayne Gretzky sells his Scottsdale property.
Foreclosure action affects Vegas housing market
With the number of available homes plunging after new foreclosure laws, buyers are struggling to find homes.
New York boroughs enjoying housing boosts
Buyers acting fast as mortgage rates rise.

 

 



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