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Posted: 4/11/2013 10:34:41 AM EST
In this March 5, 2013, photo, a sale pending sign in the front yard of a home in Mt. Lebanon, Pa. Average U.S. rates on fixed mortgages fell sharply the week od April 8, 2013, and moved closer to historic lows, keeping home-buying and refinancing attractive. Mortgage buyer Freddie Mac says the average rate for the 30-year fixed loan fell to 3.43 percent from 3.54 percent last week. That's near the 3.31 percent reached in November, which was the lowest on records dating to 1971.(AP Photo/Gene J. Puskar)
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Posted: 4/11/2013 10:34:41 AM EST
In this March 5, 2013, photo, a sale pending sign in the front yard of a home in Mt. Lebanon, Pa. Average U.S. rates on fixed mortgages fell sharply the week od April 8, 2013, and moved closer to historic lows, keeping home-buying and refinancing attractive. Mortgage buyer Freddie Mac says the average rate for the 30-year fixed loan fell to 3.43 percent from 3.54 percent last week. That's near the 3.31 percent reached in November, which was the lowest on records dating to 1971.(AP Photo/Gene J. Puskar)
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Posted: 4/4/2013 12:03:26 PM EST
This March 5, 2013, photo, shows a sale pending sign in Mt. Lebanon, Pa. Average U.S. rates on fixed mortgages crept closer to their historic lows this week, a trend that could help the housing recovery strengthen.(AP Photo/Gene J. Puskar)
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Posted: 4/4/2013 12:03:26 PM EST
This March 5, 2013, photo, shows a sale pending sign in Mt. Lebanon, Pa. Average U.S. rates on fixed mortgages crept closer to their historic lows this week, a trend that could help the housing recovery strengthen.(AP Photo/Gene J. Puskar)
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Posted: 3/28/2013 10:23:26 AM EST
In this, Tuesday, March 12, 2013, photo, a sold sign is posted in front of a home for sale in Mariemont, Ohio. Average U.S. rates on fixed mortgages edged up this week but remained near historic lows. Low rates have helped drive the housing market’s steady recovery. (AP Photo/Al Behrman)
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Posted: 3/28/2013 10:23:26 AM EST
In this, Tuesday, March 12, 2013, photo, a sold sign is posted in front of a home for sale in Mariemont, Ohio. Average U.S. rates on fixed mortgages edged up this week but remained near historic lows. Low rates have helped drive the housing market’s steady recovery. (AP Photo/Al Behrman)
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Posted: 3/7/2013 11:03:50 AM EST
In this Wednesday, Feb. 27, 2013 photo, a for sale sign hangs outside a home in Glenview, Ill. Average U.S. rates on fixed mortgages were little changed the first week of March, hovering near historic lows. The lowest mortgage rates in decades have boosted home sales and helped the market rebound. (AP Photo/Nam Y. Huh)
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Posted: 3/7/2013 11:03:50 AM EST
In this Wednesday, Feb. 27, 2013 photo, a for sale sign hangs outside a home in Glenview, Ill. Average U.S. rates on fixed mortgages were little changed the first week of March, hovering near historic lows. The lowest mortgage rates in decades have boosted home sales and helped the market rebound. (AP Photo/Nam Y. Huh)
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Posted: 2/28/2013 11:13:30 AM EST
In this Wednesday, Feb. 27, 2013, photo, a "for sale" sign is seen outside a home in Glenview, Ill., Average U.S. rates on fixed mortgages moved closer to historic lows this week, a trend that has helped drive a rebound in home sales. (AP Photo/Nam Y. Huh)
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Posted: 2/28/2013 11:13:30 AM EST
In this Wednesday, Feb. 27, 2013, photo, a "for sale" sign is seen outside a home in Glenview, Ill., Average U.S. rates on fixed mortgages moved closer to historic lows this week, a trend that has helped drive a rebound in home sales. (AP Photo/Nam Y. Huh)
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Posted: 2/21/2013 4:33:29 PM EST
This Feb. 7, 2012 photo shows James Beckwith, former chief operating officer and acting president of Southern Vermont College in Bennington, Vt. Vermont State Police said James Beckwith was found dead in his home Wednesday, Feb. 21, 2013, of a self-inflicted gunshot wound. He had been accused of embezzling $440,000 from the school when he served as acting president between October 2012 and January, depositing it into his personal account, and using $260,000 to pay down two mortgages secured by his South Londonderry home. (AP Photo/Bennington Banner, Peter Crabtree)
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Posted: 2/21/2013 4:33:29 PM EST
This Feb. 7, 2012 photo shows James Beckwith, former chief operating officer and acting president of Southern Vermont College in Bennington, Vt. Vermont State Police said James Beckwith was found dead in his home Wednesday, Feb. 21, 2013, of a self-inflicted gunshot wound. He had been accused of embezzling $440,000 from the school when he served as acting president between October 2012 and January, depositing it into his personal account, and using $260,000 to pay down two mortgages secured by his South Londonderry home. (AP Photo/Bennington Banner, Peter Crabtree)
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Posted: 2/17/2013 9:13:28 AM EST
FILE - These July 2008 file photos Freddie Mac headquarters in McLean, Va., and Fannie Mae headquarters in Washington. President Barack Obama sang the praises in his State of the Union speech of a bill to help more homeowners with mortgages backed by Fannie Mae and Freddie Mac take advantage of low interest rates and refinance their mortgages. But while the bill could gain traction in the Democratic-controlled Senate, it faces a rough road in the GOP-run House, where many Republicans favor scaling back the government's role in the housing market to boost the economy. Similar versions of the measure died in the House and Senate's lame duck sessions in 2012. (AP Photo/File)
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Posted: 2/17/2013 9:13:28 AM EST
FILE - These July 2008 file photos Freddie Mac headquarters in McLean, Va., and Fannie Mae headquarters in Washington. President Barack Obama sang the praises in his State of the Union speech of a bill to help more homeowners with mortgages backed by Fannie Mae and Freddie Mac take advantage of low interest rates and refinance their mortgages. But while the bill could gain traction in the Democratic-controlled Senate, it faces a rough road in the GOP-run House, where many Republicans favor scaling back the government's role in the housing market to boost the economy. Similar versions of the measure died in the House and Senate's lame duck sessions in 2012. (AP Photo/File)
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Posted: 2/16/2013 5:13:36 PM EST
Demonstrators and the Platform of People Affected by Mortgages, hold banners including one reading ''People without houses, houses without people' as they shout slogans to change mortgage laws and halt evictions of those unable to pay mortgages in Madrid, Saturday, Feb. 16, 2013. The government agreed to consider changes to the law on mortgages after pressure from opposition parties and a growing public outcry, including a petition that was signed by 1.4 million people – enough signatures to force Parliament to discuss alterations to the law in a special session. (AP Photo/Andres Kudacki)
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Posted: 2/16/2013 5:13:36 PM EST
Demonstrators and the Platform of People Affected by Mortgages, hold banners including one reading ''People without houses, houses without people' as they shout slogans to change mortgage laws and halt evictions of those unable to pay mortgages in Madrid, Saturday, Feb. 16, 2013. The government agreed to consider changes to the law on mortgages after pressure from opposition parties and a growing public outcry, including a petition that was signed by 1.4 million people – enough signatures to force Parliament to discuss alterations to the law in a special session. (AP Photo/Andres Kudacki)
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Posted: 2/16/2013 2:13:33 PM EST
Police stand guard as demonstrators and the Platform of People Affected by Mortgages, hold banners reading 'Stop Evictions' and "Rajoy when you will kill us?" shout slogans to change mortgage laws and halt evictions of those unable to pay mortgages in Madrid, Saturday, Feb. 16, 2013. The government agreed to consider changes to the law on mortgages after pressure from opposition parties and a growing public outcry, including a petition that was signed by 1.4 million people – enough signatures to force Parliament to discuss alterations to the law in a special session. (AP Photo/Andres Kudacki)
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Posted: 2/16/2013 2:13:33 PM EST
Police stand guard as demonstrators and the Platform of People Affected by Mortgages, hold banners reading 'Stop Evictions' and "Rajoy when you will kill us?" shout slogans to change mortgage laws and halt evictions of those unable to pay mortgages in Madrid, Saturday, Feb. 16, 2013. The government agreed to consider changes to the law on mortgages after pressure from opposition parties and a growing public outcry, including a petition that was signed by 1.4 million people – enough signatures to force Parliament to discuss alterations to the law in a special session. (AP Photo/Andres Kudacki)
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Posted: 2/16/2013 2:13:33 PM EST
A demonstrator shout slogans to change mortgage laws and halt evictions of those unable to pay mortgages in Madrid, Saturday, Feb. 16, 2013. The government agreed to consider changes to the law on mortgages after pressure from opposition parties and a growing public outcry, including a petition that was signed by 1.4 million people – enough signatures to force Parliament to discuss alterations to the law in a special session. (AP Photo/Andres Kudacki)
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Posted: 2/16/2013 2:13:33 PM EST
A demonstrator shout slogans to change mortgage laws and halt evictions of those unable to pay mortgages in Madrid, Saturday, Feb. 16, 2013. The government agreed to consider changes to the law on mortgages after pressure from opposition parties and a growing public outcry, including a petition that was signed by 1.4 million people – enough signatures to force Parliament to discuss alterations to the law in a special session. (AP Photo/Andres Kudacki)