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The Daily 112114 Hot Sheet of Palm Beach R.E. & FL Realtor News

By Winston Heverly

Real Estate Agent with Coldwell Banker Access Realty 433494

November 21, 2014 06:10 AM

The Daily Hot Sheet of Palm Beach Real Estate & FL Realtor News

Friday, November 21, 2014

TODAY'S TOP STORIES

30-year mortgage rate drops below 4%

The average FRM declined to 3.99%. "If planning to buy a home in the next year, it's better to do it sooner rather than later," says Freddie Mac economist. Read more.

Credit unions filling the mortgage void

Credit unions originated 10% more mortgages through June than they did a year earlier. In 2000, 25% of all credit union loans were mortgages – now it's 41%. Read more.

Smaller new homes may mean more first-time buyers

As a recession ends, affluent buyers enter the market first, driving up the size of new homes. But when lower-income buyers return, average home sizes decline. Read more.

HUD and others to help end veteran homelessness

Along with the National League of Cities and 255 metros, counties and states, HUD says it will work to end homelessness for all U.S. veterans. Read more.

Feds release new consumer foreclosure rules

The CFPB proposed new measures to ensure mortgage servicers treat struggling homeowners fairly, including more than one opportunity for foreclosure help. Read more.

NOW YOU KNOW

Do 20% of real estate agents do 80% of the work?

While a few top producers do account for a large portion of U.S. transactions, the other 80% still close a lot of deals, according to a WAV Group study. Read more.