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In The News

Bernanke Defends Keeping Rates Low for 3 More Years

Some lawmakers questioned Thursday the Federal Reserve's move to keep interest rates low until 2014, saying it brings a risk of higher inflation and stymies economic growth.

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Study Reveals Main Culprit Behind Falling Home Values

Home prices nationwide dropped nearly 5 percent last year, but if you exclude distressed sales, prices dropped only by 0.9 percent, a new study from CoreLogic finds.

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Did Builders Overbuild Oversized Houses?

Too many big houses are occupying the country's landscape as more consumers shift their preferences toward condos, apartments, and smaller homes, planners said at a smart growth conference this week.

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Mortgage Rates Hit New Lows Again

Mortgage rates once again inched lower this week, lowering the cost of borrowing and increasing housing affordability.

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Fannie Mae Gains More Short-Sale Authority

Several mortgage insurers have removed another barrier in short sales that could speed approval of short sales on Fannie-backed loans.

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