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News about Mortgages:
New low mortgage rates out of reach - The Washington TimesA 30-year, $350,000 mortgage bearing a fixed rate of 5.25 percent instead of 6.5 percent would save a borrower $280 per month. A half-percentage-point reduction to 5.5 percent would yield a monthly savings of $111. "Many people have been sitting on ...
Developers suggest turning Sheffield into arts center - East BayNEWPORT — A developer with eyes on the vacant Sheffield School is asking residents for their input on a proposal to convert the former elementary school into a community hub for artists, musicians and local non-profits. The concept is ...
Home sweet home builders? - Los Angeles Times BlogsHopes that government intervention will bolster the housing market are giving a boost to home-builder stocks. But investors hoping for a lasting turnaround in the ravaged sector may be building castles in the air. The five home-builder stocks in the ...
Bill Gross Says Stocks Aren’t as Cheap as They Appear (Update1) - BloombergDec. 2 (Bloomberg) -- Bill Gross , manager of the world’s biggest bond fund, said stocks aren’t as cheap as they appear given that the era of deregulation, low borrowing costs and tax cuts is over. “Stocks are cheap when valued within the ...
Buy Real Estate Now - Forbes11.27.08 - First, the bad news. New home sales in the U.S. haven't been this low since 1991, according to the Commerce Department. Now the good news. New home sales in the U.S. haven't been this low since 1991. This means prices are back to where ...
S&Ls' Not-So-Wonderful Life - Investors Business DailySavings and loan banks have a reputation of being a vital part of the communities they serve. Think of good-hearted savings banker Jimmy Stewart in the holiday classic "It's a Wonderful Life." S&Ls, also called thrifts, are going to need all the ...
Oliver Haydock - New York ObserverCiti Habitats released its November rental market report today (PDF here ), showing a continued rise in vacancy rates across all Manhattan neighborhoods, and, while rents continue to soften, there hasn’t been a very significant decline. In October ...
Mortgages: The goal is to lower interest rates - USA TodayThe government on Tuesday said it will buy up to $100 billion in mortgages held by Fannie Mae and Freddie Mac and the Federal Home Loan Bank, and it will purchase up to $500 billion of mortgage securities backed by the housing giants and Ginnie Mae ...
85,000 homes lost in October - CNN MoneyNEW YORK (CNNMoney.com) -- As government and industry scrambled to stem the housing crisis, another 84,868 homes were lost to foreclosure in October, according to a report released Thursday. Last month 279,561 struggling borrowers received ...
Fannie, Freddie Mortgage-Bond Spreads Hit Widest Since March - BloombergOct. 27 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds soared to the highest in more than seven months relative to government notes, potentially boosting home-loan rates. The difference between yields on Washington ...
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