Housing market still hot
California’s real-estate market continued sizzling during August with sales and prices remaining on a record pace statewide and in Los Angeles County, a trade group reported Monday.
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30-Year Rates Fall to Lowest in a Month Rates on 30-year mortgages edged down this week to their lowest point in a month. read more...
Britainnia warns mortgage market to get tougher (Daily Telegraph) Britannia Building society has warned that the mortgage markets are set to become more challenging, as lending rates become more expensive and demand from customers slows.read more...
Get out from under credit cards Credit card debt is like mold: The longer you ignore the problem, the more wildly it grows.Commentread more...
U.S. Economy May Be Failing to Meet Greenspan's Test for Price Stability At a 1996 Federal Reserve meeting, Chairman Alan Greenspan gave his definition of price stability: when consumers and executives don't have to worry much about inflation when making decisions.read more...
Mortgage Crisis Hurting Minnesotans More than Ever (FOX 9 News Twin Cities) Across the country, 10% of homeowners owe more money on their mortgage than their house is worth. The Minnesota Housing Partnership and the think-tank Minnesota 2020 hosted a forum on
Sallie Slashes 2008 Profit Forecast Student lender Sallie Mae on Wednesday slashed its profit forecast for the fourth quarter and all of 2008, as it hoards cash to offset bad loans and faces reduced