October Price Growth Slows, Flatness Expected in November

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REAL ESTATE & MORTGAGE NEWS

October Price Growth Slows, Flatness Expected in November  

CoreLogic's Home Price Index (HPI) report for October shows the national home price (including distressed sales) rising 0.2 percent from September, edging just above the company's predictions from last month. Year-over-year, the national price increased 12.5 percent, marking the 20th straight month of annual price increases nationally. For November, CoreLogic's Pending HPI projects home prices (including distressed sales) will sit at roughly the same level as October. » Read More 

Conforming Loan Limits Stay Put for 2014, Including High Cost Areas 

Whether because of the uproar from some members of Congress, the Mortgage Bankers Association, National Association of Realtors, and other industry players or not, Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA) has left loan limits for Fannie Mae and Freddie Mac unchanged for the coming year. In a press release on Tuesday DeMarco said that the maximum conforming loan limits for mortgages acquired or guaranteed by the two government sponsored enterprises (GSEs) will remain at $417,000 for one-unit properties in most areas of the country >>Read More. 

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