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U.S. housing recovery could run out of steam
Posted to: Around The Web
Monday, December 23, 2013 7:00 PM

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The U.S. housing recovery could run out of steam in 2014. Banks are likely to tighten lending standards once new rules come into place. Rising interest rates may drive down home loan volume, too. Cash purchases by investors could set a floor for house prices, but they may not be enough to prevent a major slowdown. Of late, the market has been on a tear. American home prices in the third quarter of 2013 rose 11 percent compared with the same period a year earlier, the S&P/Case-Shiller index shows. That's the strongest jump since the bubble popped six years ago. Foreclosure activity, meanwhile, has fallen to 2005 levels, according to online marketplace RealtyTrac. And existing home sales have been the best since 2007, with over 5 million on an annualized basis since May, reports the National


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Mortgage Rates:
  • 30 Yr FRM 4.43%
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  • 15 Yr FRM 3.50%
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  • Jumbo 30 Year Fixed 4.20%
MBS Prices:
  • 30YR FNMA 4.5 107-00 (0-02)
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  • 30YR FNMA 5.0 109-08 (0-01)
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  • 30YR FNMA 5.5 110-13 (0-00)
Recent Housing Data:
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  • |
  • Refinance Index -3.75%
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  • FHFA Home Price Index 0.67%