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Mortgage rates

Long-term mortgage rates remained steady for the period ending July 11, as consumers continue to enjoy the lowest rates in about 18 months.   
30-year: 3.75%, no change from a week ago
15-year: 3.18% vs. 3.22 a week ago
Source: Freddie Mac 

 

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Must-reads from the web

Bloomberg BusinessWeek: Home flipping gains are slowing

The home-flipping craze has been, well, crazy in recent years, thanks to HGTV. But those head-turning gains are becoming more like head-hanging losses.

Bloomberg BusinessWeek: More Californians are leaving for Boise, Reno

Affordability and politics, in some cases, are causing more Californians to leave the Golden State for Boise, Reno and other cities in the West.  

Bloomberg BusinessWeek: Zillow wants to buy (and) flip your house, for a fee

Online real estate giant Zillow is buying homes in several markets nationwide, with the goal of making minor fixes that generate nifty profits. 

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