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Metropolitan Home Prices Decline Nearly 8% in Q2, Sales at 10-year Low

Prices of homes in the United States fell by an average of 7.6% in the second quarter of 2008, compared to the previous year, as 115 of the 150 metro areas surveyed saw declines, according to a new release from the National Association of Realtors. Home prices in the West fell the most, dropping by 17...

Posted to MND NewsWire by Glenn Setzer on Thu, Aug 14 2008
Filed under: Filed under: home prices, metropolitan home prices

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Mortgage Rates:

30 Yr FRM 3.88%
|
15 Yr FRM 3.25%
|
Jumbo 30 Year Fixed 4.14%

MBS Prices:

30YR FNMA 4.5 106-20 (-0-06)
|
30YR FNMA 5.0 108-01 (-0-05)
|
30YR FNMA 5.5 108-30 (-0-03)

Recent Housing Data:

Mortgage Apps -1.01%
|
Refinance Index 0.83%
|
NAHB Builder Confidence 16.00%

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Metropolitan Home Prices Decline Nearly 8% in Q2, Sales at 10-year Low

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