Hurricane Mortgage Relief May Come at a Price
Banks are suspending mortgage payment requirements to aid homeowners affected by Hurricane Katrina, but the payments are deferred, not forgiven, and borrowers could face higher payments later.
read more…
Homebuilders weaken ahead of Fed decision Homebuilding stocks weakened Monday on speculation the Federal Reserve will move to narrow interest rates, increasing concern a nationwide real estate slowdown is getting closer.read more...
Group: Housing woes may cause recession "The small recent minimal declines represent not the end, but rather the beginning of what will be a very painful decline" A pedestrian walks on the banquette in the
Rates On 30-Year Mortgages Inch Up "The recent retreat in mortgage rates has brought in an increased volume of mortgage applications ... and pushed the share of applications for refinancing to the highest rate since April"
Another record broken for median home prices in Bradenton and Sarasota: $316,600 MANATEE - Home prices rose as quickly as the temperature in Bradenton and Sarasota during May when both grew even hotter.via
U.S. MBA's Mortgage Applications Index Increased 7.5% Last Week (Bloomberg.com) July 9 (Bloomberg) -- Mortgage applications in the U.S. rose for a second straight week, a sign that falling home prices are attracting some buyers. The Mortgage Bankers Association's index
Billionaire Working With Union on Dow Jones Bid Billionaire investor Ron Burkle is working with a union representing workers at Dow Jones & Co. to explore alternatives to Rupert Murdoch's $5 billion bid for the company, which publishes