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Gulp, $35 Million Hilbert Mansion Sells for $3 Million

by on October 20, 2010

It must be heart-breaking to see your $35 million home be sold for just $3 million. Former CEO Stephen C. Hilbert and his wife Tomisue lost their home to CNO Financial, formerly known as Conseco, in order to make up for outstanding debts with the company. The lavish French country estate had been for sale [...]

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Fed’s leave key rate unchanged

by on December 17, 2009

The Federal Reserve today announced it will maintain its target for the federal funds rate in the 0 percent to 0.25 percent range, and expects economic conditions to warrant exceptionally low levels of the federal funds rate for an extended period of time. “Information  suggests that economic activity has continued to pick up and that [...]

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Interest Rates Remain Low

by on November 2, 2009

In Freddie Mac’s results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage averaged 5.03 percent for the week ending October 29, 2009 – up from the previous week when it averaged 5.00 percent.       Last year at this time, the 30-year fixed-rate mortgage averaged 6.46 percent.       “Interest rates for 30-year fixed mortgages [...]

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Obstacles to Homeownership

by on October 1, 2009

Many Americans believe that a lack of money for a down payment and closing costs is the biggest obstacle to homeownership, according to National Association of Realtors (NAR’s) 2009 National Housing Pulse Survey.  Job security is also a major concern.  Two-thirds of those surveyed think layoffs and unemployment are a big problem, and 8 out [...]

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