Bank of England cuts rates for first time in over two years
The Bank of England cut its key interest rate by a quarter of a percentage point to 4.50 percent, citing inflationary risks to the downside amid subdued economic growth.
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U.S. MBA's Mortgage Applications Index Jumped 11.9% Last Week (Bloomberg.com) Oct. 4 (Bloomberg) -- Mortgage applications in the U.S. rose by the most since June of last year as borrowing costs close to an eight-month low spurred home sales and
Weatherburn Opening Benefits Yellow Brick Road "When you're thinking outside the box" Lexington developer Jeb Brown has been very busy creating a non-traditional approach to customized homes. via Rockbridge Weekly read more...
Arizona home of much mortgage fraud (KTVK Phoenix) Arizona has broken into the top 10 when it comes to mortgage fraud. The ranking comes from an annual survey by the Mortgage Asset Research Institute. The data comes from
Investment & Business news: House prices: the fact... Investment & Business news: House prices: the facts the experts leave out Recently we said: "Low interest and low inflation makes mortgages cheaper in the short term, but more expensive
FBR Selling Subprime Mortgage Unit (AP via Yahoo! Finance) In a move to limit its exposure to the troubled subprime mortgage market, investment bank Friedman, Billings, Ramsey Group Inc. said Thursday it agreed to sell an 80-percent stake