Stocks rise as Greece nears debt solution

Stocks rise as Greece nears debt solution
NEW YORK – Stocks closed higher for the third day in a row Wednesday after Greece cleared a hurdle toward getting more emergency loans. Financial stocks rose after Bank of America reached a settlement with investors over failed mortgage securities.
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Mortgage rise fear as householders taking out mega loans hits pre-recession levels

Mortgage rise fear as householders taking out mega loans hits pre-recession levels
The number of households borrowing 3.5 times their salary or more has soared to levels last seen at the height of the 2007 housing bubble.
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Cash transactions on the rise

Cash transactions on the rise
Last month, distressed sales accounted for 37 percent of transactions, the highest in 12 months. First-time buyers accounted for just under a third of transactions in January, with all cash purchases making up 32 percent. Investors accounted for 23 percent of purchases in January.
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Real Estate News: Rise in Rates Is Headwind for Housing

Real Estate News: Rise in Rates Is Headwind for Housing
Here is a look at real-estate news in today’s WSJ:
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2011 home prices seen set for moderate rise

2011 home prices seen set for moderate rise
Canadian house prices rose in the fourth quarter and will climb at a moderate pace this year, while overall sales may drop slightly, Royal LePage, Canada’s biggest residential real state broker, said on Thursday.
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Week-to-week mortgage applications rise 14.3%: MBA

Week-to-week mortgage applications rise 14.3%: MBA
A post-holidays rebound in filings to refinance existing home loans is largely responsible for the 14.3% increase in week-to-week, seasonally adjusted mortgage applications reported by the Mortgage Bankers Association.
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Mortgage rates rise to 4.40 percent as Treasurys rise

Mortgage rates rise to 4.40 percent as Treasurys rise
Rates on fixed mortgages edged up this week, inching further away from the lowest level in decades.
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Mortgage rates rise to 4.4% despite Fed’s bond buying plan

Mortgage rates rise to 4.4% despite Fed’s bond buying plan
Treasury yields are increasing which pushes lending costs higher
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Mortgage rates rise to 4.4 percent as Treasury yields climb

Mortgage rates rise to 4.4 percent as Treasury yields climb
Depressed levels aren’t able to repair housing market
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Prime U.S. Mortgage Foreclosures Rise to Record on Unemployment

Prime U.S. Mortgage Foreclosures Rise to Record on Unemployment
Foreclosures on prime fixed-rate mortgages in the U.S. jumped to a record in the third quarter as unemployment strained household budgets of the most credit- worthy borrowers.
Read more on BusinessWeek

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