Buying a Home

Maryland’s Home Prices Rise Yet Again in July 2012

Based on the latest housing statistics of the Maryland Association of Realtors (MAR), the average home price and median home price in Maryland for the month of July this year climbed up yet again. MAR’s latest housing statistics show that the average price of homes sold in Maryland last July was $307,383, a 3.8% increase …

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Mortgage Rates Continue to Rise for 3rd Straight Week

For third straight week, the average U.S. rates on 30-year fixed mortgage and 15-year fixed mortgage have continued to rise, this according to the latest report of Freddie Mac. As of August 16, according to Freddie Mac, the 30-year fixed-rate mortgage was 3.62%, an increase from last week’s average of 3.59%. However, this latest 30-year …

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New Foreclosure Filings in Maryland Highest in the U.S. during 2nd Quarter 2012

The recent National Delinquency Survey of the Mortgage Bankers Association’s (MBA) reveals that among the U.S. states, the rate of new foreclosure fillings in Maryland was the highest in the nation during the second quarter of 2012. Out of 1,000 home loans in Maryland, nearly 20 – double the national average – were drawn into …

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