Existing home sales soar, but peak may be in sight
Existing homes were sold at the fastest pace in history last month, and the median price set a record as well.
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H&R Block reports $85.5-million 4Q loss on struggling mortgage arm (The Globe and Mail) Expected to sell Option Mortgage division at a discount read more...
Mortgage Industry Job Losses May Rise With Interest Rates (Los Angeles Times) With refinancings declining, layoffs at Ameriquest could be followed by tens of thousands at other companies, experts say.read more...
Inventory is on the rise ... Right now, it's not necessarily a question of location, location, location. With housing inventory up in nearly every MetroWest community, compared to a year ago, buyers can now pick and
Bankrate: Economic News Pushes Mortgage Rates Higher (FinanzNachrichten) NEW YORK, Feb. 16 /PRNewswire-FirstCall/ -- Both fixed and adjustable mortgage rates increased for the fourth consecutive week. The average 30-year fixed rate mortgage increased from 6.32 percent to 6.37
CUA winds back mortgage activities (AAP via Yahoo!Xtra News) Australia's largest mutual, Credit Union Australia, is winding back its mortgage origination activities from brokers due to higher funding costs.read more...
Tax cuts blamed for mortgage rate rises (Stuff) Big banks are pushing up some fixed mortgage interest rates and deposit rates, blaming bigger-than-expected tax cuts announced last week.read more...