Home construction hits 17-year low The U.S. housing sector continues to struggle, with new government data showing construction of homes and apartments fell last month to the lowest level in more than 17 years.read more...
Weekly Home Mortgage Rates (The Herald-Sun) Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of October 5, as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent
UBS to shut hedge fund unit after mortgage market losses (Boston Globe) LONDON -- UBS AG , the world's biggest asset manager, is winding down John Costas's hedge-fund unit after 11 months of trading and returning client money because of losses attributed
Timber is the tip for the future if building a house In 2004 only 23% of all new houses in Ireland were built using timber frame technology while in Scotland, which enjoys - or perhaps suffers is the appropriate word -
Freddie Mac steps up mortgage purchases Freddie Mac took advantage of cheaper valuations in March to boost its holdings of mortgage bonds for the second month in a row.read more...
Paulson Considering Mortgage Change (Washington Post) WASHINGTON -- As Congress weighs remedies for the mortgage-market crisis, Treasury Secretary Henry Paulson is signaling that the Bush administration would consider allowing the big mortgage companies Fannie Mae and
Two of the nation’s most popular tax breaks – for home mortgage interest and employer-paid health insurance – should be narrowed, a federal panel appointed by President Bush suggested Tuesday.
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