Today's real estate news
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Los Angeles Times: Eligibility for home refinance program is expanded
By Tom Petruno and E. Scott Reckard
07/02/2009
The Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance program, lifting the maximum loan-to-value ratio to 125 percent from 105 percent.

Bloomberg: U.S. Mortgage Rates Drop to 5.32%, Freddie Mac Says
By Brian Louis
07/02/2009
Rates on 30-year, fixed-rate mortgages declined this week to 5.32 percent from 5.42 percent last week, according to Freddie Mac’s weekly survey.

Inman: Refi applications plunge 30%
07/01/2009
Applications for mortgage refinancings decreased 30 percent last week to their lowest level since November, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.