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Real Estate

From left, Realty Benefits agent Jill Medley and mortgage loan consultant Anna Datta witness Grace and Armando Ong sign a 15-year mortgage loan at a Neighborhood Assistance Corporation of America event. (Cheryl A. Guerrero/Los Angeles Times)

Building up wealth through home loan

New type of 15-year mortgage permits lower-income buyers to use down-payment money up front to slash interest rate, accelerate equity, speed up ownership

In this Jan. 8, 2015 photo, real estate agent Sam Golkar, left, tours a home being sold by fellow agent Frank Ruan, right, in Cupertino, Calif. The National Association of Realtors reports on sales of existing homes in December on Friday, Jan. 23, 2015. (AP Photo/Marcio Jose Sanchez)

US home sales rise in December

WASHINGTON — More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find… more »

For-sale signs are posted on two adjacent homes on Albuquerque's West Side.  (Dean Hanson / Albuquerque Journal)

NM home prices nudge upward

The median home price in New Mexico nudged up last year by a little more than 1 percent, from $173,000… more »

High court eases backing out of mortgage

WASHINGTON – A unanimous Supreme Court has ruled that homebuyers don’t need to file a lawsuit, but may simply write a letter if they want to back out of a mortgage because they claim their lender violated the federal Truth in Lending Act.