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Good news for mortgage bonds means good news for homebuyers

[Update 1: Clarifies Sterne Agee analyst] A surge in Fannie Mae, Freddie Mac and Ginne Mae agency mortgage bonds the last week of January may be what’s driving down the cost of mortgages this week. As Sterne Agee analyst Henry Coffey notes agency bond values are being boosted by falling long term Treasury rates, driving down the cost of mortgages. According to Interactive Data,…
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SHE GOT LEGS!

ACCORDING TO THE STATE OF UTAH, SALT LAKE BOARD OF REALTORS, THE UTAH ASSOCIATION OF REALTORS AND THE COMMERCIAL GUYS (NAIOP AND CCIM) WE MAY BE ON THE WAY TO A REAL ESTATE RECOVERY. For example Jim Wood Director of the Bureau of Economics and Business Research at the University of Utah when reporting to…
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