Home sales contracts jump in March, mortgage rates dip

http://www.usatoday.com/money/economy/housing/story/2012-04-26/pending-sales-mortgage-rates/54550188/1
"Mortgage buyerFreddie Mac <http://content.usatoday.com/topics/topic/Organizations/Companies/Banking,+Financial,+Insurance,+Law/Freddie+Mac says the rate on 30-year loans averaged 3.88% this week, down from 3.9% last week. In February, the rate hit 3.87%, lowest since long-term mortgages began in the 1950s."
WOW!
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gonjah wrote:

=============Thu Apr 26, 2012 Falling home prices drag new buyers under water
More than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and Federal Housing Administration loans that require only a tiny down payment are partly to blame.
http://www.reuters.com/article/2012/04/26/us-usa-housing-negative-idUSBRE83P12E20120426 ============= and
==============April 26, 2012 U.S. Homeownership Hits Decade Low
The 62% of Americans who say they own their own home marks a new low since Gallup began tracking self-reported homeownership in 2001.
The current level of homeownership marks a decline from 68% in 2011. For most of the prior decade, roughly seven in 10 Americans reported owning their own home. While the recession and financial crisis took place in 2008-2009, homeownership rates didn't begin to reflect the bursting of the housing bubble until 2010, when 65% of Americans reported owning their own home -- the lowest level recorded before this year.
Fifty-three percent of Americans believe their house is worth more today than when they bought it, down significantly from 80% in 2008 and 92% in 2006. It confirms that many Americans are underwater in terms of the value of the home they currently own.
Houses that were purchased many years ago, well before the collapse of the real estate market, are more likely to be worth more today than when they were bought. Accordingly, older Americans are less likely to say their home's value has not appreciated since they bought it -- 31% of Americans aged 50 and older say this. In contrast, 62% of Americans aged 30 to 49, many of whom likely bought homes closer to the collapse, say their home is not worth more.
http://www.gallup.com/poll/154124/U.S.-Homeownership-Hits-Decade-Low.aspx ================ and
================April 23, 2009 Most Canadians pay down mortgage Canadians continue to have more than two-thirds more equity in their home than Americans, according to a new survey. The study for the Canadian Association of Accredited Mortgage Professionals shows Canadian homeowners have, on average, 72% equity in their house, compared with 43% for Americans.
"It is a very positive part of the Canadian housing story," said Jim Murphy, chief executive of Toronto-based CAAMP. "Canadians pay down their mortgages. Canadians are just more conservative than Americans."
The study also found that Canadians have dramatically reduced the amount of equity they are taking out of their home. A year ago 22% of Canadians had accessed the equity in their home through measures such as lines of credit. Today that is down to 15%.
http://www.househunting.ca/buying-homes/story.html?idbd3795b-f75a-45c8-9d5b-11b27b13dc31 ================== and
===================November 17, 2011 Mortgage-free eventually: RBC poll finds majority of Canadians hope to pay off their homes by retirement
Among Canadian homeowners, the number of mortgage-free Canadians has increased slightly to 41 per cent in the fourth quarter from 38 per cent in the first quarter, and the highest level since 2006.
http://www.newswire.ca/en/story/879529/mortgage-free-eventually-rbc-poll-finds-majority-of-canadians-hope-to-pay-off-their-homes-by-retirement =================== Home ownership in Canada currently is somewhere between 68% - 70% (compared to 62% of Americans).
About 41% of home-owners in Canada are mortgage-free (compared to about 30% to 34% in the US).
The American Dream.
Alive and well -> in Canada.
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On 4/28/2012 10:38 AM, Home Guy wrote:

I was referring to the interest rates.
I don't give a fuck about your USA envy.
Get a life.
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gonjah wrote:

Why would I be envious of an economy and a country going down the toilet?
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On 4/28/2012 10:44 AM, Home Guy wrote:

The lady doth protest too much, methinks.
Again, get a life.
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On 4/28/2012 11:44 AM, Home Guy wrote:

If that's the case, what is your obsession with irritating us?
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thats normally what hemoroids do<g>
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Now I'll think of him as, Home Roid ;)
there's a cream for that<g>
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Home roids. Gonads. What's the list becoming?
Christopher A. Young Learn more about Jesus www.lds.org .

Now I'll think of him as, Home Roid ;)
there's a cream for that<g>
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Stormin Mormon top-poasted:

An example of how americans are easily amused by juvenile humor.
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On Mon, 30 Apr 2012 19:35:58 -0400, "Stormin Mormon"

But a perfect asshole like HomoGuy, by definition, wouldn't have HomeRoids.
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