Existing Home Sales Decline As Rates Rise
Sales of previously owned homes dropped 2.6 percent in July as mortgage rates crept up.
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Why haven't mortgage rates declined? (Bankrate.com via Yahoo! Finance) The Federal Reserve began to slash short-term interest rates almost a year ago. Yet mortgage rates are higher now. What gives?read more...
Why Mortgage Life Insurance is Not a Good Idea (Hope Star) (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds
Life without credit: tough and expensive Some 25 million people in the U.S. live without access to credit, making their lives more difficult and expensive.read more...
Mortgage rate likely to hit 6.5% before '08 (Honolulu Advertiser) WASHINGTON ? Fixed-mortgage rates are expected to rise to about 6.5 percent by the end of 2007, and sales of both new and existing homes are expected to slide this
Business notes The following are items of interest about Jefferson City area businesses and business people.read more...
Pay to borrow your own money? A "passbook loan," which uses your savings as collateral, makes sense if you're trying to establish (or re-establish) credit.read more...