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November 2012

Found 2 blog entries for November 2012.

According to experts with the University of Southern California Lusk Center for Real Estate, population growth and demographic shifts, particularly the ongoing maturation of a diverse, well-educated Gen Y, will drive improvements in the real estate market over the next 10 years.

Additionally, Lusk Center Chairman of the Board Stan Ross points out that immigrants were responsible for 25 percent of America’s high-tech startup companies between 1995 and 2005 and 25 percent of American’s international patents.

Despite a slight dip in immigration during the recession of 2007-09, the 2010 Census showed the U.S. population grew 9.7 percent to 308,745,538 with another 3.4 percent growth predicted for 2011. Ross points out that with its 77.4 million members,

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Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates holding steady from the previous week and remaining near their all-time lows. The average 30-year fixed-rate mortgage has been below 4.00 percent all but once this year and the average 15-year fixed, a popular choice among refinance borrowers, has been below 3.00 percent since the last week in May.

The 30-year fixed-rate mortgage (FRM) averaged 3.55 percent with an average 0.6 point for the week ending September 13, 2012, the same as last week. Last year at this time, the 30-year FRM averaged 4.09 percent.

Additionally, the 15-year FRM this week averaged 2.85 percent with an average 0.6 point, down from last week when it averaged

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