CoreLogic: Home prices rose an amazing 6.5% annually in June

CoreLogic: Home prices rose an amazing 6.5% annually in June

This marks 40 straight months of increases

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realtor.com reveals where demand and prices are sizzling

Mortgage closing costs drop 7% to $1,847

Origination fees dropped but third-party costs rose
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Bernanke calls agency bonds guarantee 'important' to stability

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Federal Reserve Chairman Ben Bernanke said the US government needs to maintain its guarantee on mortgage-backed bonds issued by Fannie Mae and Freddie Mac to preserve financial stability. "It is very important for financial stability and confidence that we make good that guarantee," Bernanke said in response to a question from Representative Scott Garrett, a New Jersey Republican.

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