Mortgage rates stable for now
A lack of economic news, plus a widely expected short-term rate increase by the Federal Reserve, left long-term mortgage rates at about the same level as a week earlier.
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Rate hike may be needed to curb mortgage growth (Independent Online) Strong growth in mortgage advances has continued in South Africa, and may need to be checked with another hike in rates when the central bank meets in February, says Absa
Mortgage concerns batter Washington Mutual shares (AP via Yahoo! Finance) Shares of Washington Mutual Inc. fell sharply Thursday, as concerns persisted about the company's mortgage portfolio following its report of a $3 billion quarterly loss earlier this week.read more...
Two-Thirds of US Adults Believe Current Mortgage Product Advertising and Marketing Lacks Credibility (Business Wire via Yahoo! Finance) ROCHESTER, N.Y.----Given all the negativity surrounding the sub-prime mortgage marketplace, it is no surprise that consumers have questioned the credibility of the current marketing and advertising for mortgage products.read
New skills chief at SE CHARLENE O'Connor has been appointed director of Skills and Learning at Scottish Enterprise , replacing Alan Sinclair who left the organisation to join the Work Foundation earlier this month.read more...
High Yield & Mortgage Plus Trust Announces Distribution For Month Ending May 31, 2006 (CNW Group via Yahoo! Finance) High Yield & Mortgage Plus Trust announces a distribution for the month ending May 31, 2006 of $0.15625 per unit payable on June 14, 2006 to unitholders of record
Sector Snap: Mortgage Lenders (AP via Yahoo! Finance) Shares of mortgage lenders mostly sank Wednesday after a real estate group report offered little hope of a recovery in the struggling housing market.read more...