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IFC to grant US$15 mln to Absolut-Bank.  International Finance Corporation will grant the funds to the value of US$15 million to Absolut-Bank to finance mortgage program for a term of 8 years.read more...


U.S. stocks drop sharply as oil surges, mortgage giants slide (MarketWatch via Yahoo! Finance)   U.S. stocks sink, with the Dow industrials falling below the 11,000 level for the first time since August 2006, as the price of oil climbed and investors contemplated the


Annual Home Expo starts Thursday in Green Bay  "It's nice to meet people and show them the different options we have" Are you looking to build a new home or to improve your current dwelling? If so,


Weekly mortgage survey: Rates slip  The forces that had put upward pressure on rates ran out of steam this week, according to Bankrate.com's survey of large lenders.read more...


New home sales reach record in July  New home sales in July grew 6.5% to a seasonally adjusted annual rate of 1.41 million from 1.32 million in June, the government reported.read more...


Mortgage rate rises gathering pace (Liverpool Echo)  Mortgage rates have increased during the past week despite moves by the Bank of England to ease the problems in the money markets, figures show.read more...

September 20th, 2005

Fed’s Rate Hike Program Doesn’t Pause for Katrina

The Federal Reserve on Tuesday chose inflation-fighting over public relations, raising its benchmark short-term interest rate by another quarter-point, to 3.75%, against suggestions that it pause in deference …

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