Real Estate Weekly — Oct. 28
THIS WEEK’S REAL ESTATE STORIES So far, so good: That’s the message from a new survey of the behavior of those who hold what are considered risky interest-only mortgages.
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Mortgage rates fall (Chicago Tribune) The average rate on a 30-year fixed- rate mortgage in the U.S. fell to 6.63 percent this week, the second straight decline, according to Freddie Mac. read more...
Uganda: Holes in Land Bill Will Kill Mortgage Finance (AllAfrica.com) The bill's principal objective is "to consolidate the law relating to mortgages, to repeal the Mortgage Act Cap 229 and also certain provisions relating to Mortgages in the Registrar of
Keeping the Wrecking Ball at Bay One Raleigh neighborhood is an extreme example of an effort to save old houses rather than tear them down. A nonprofit group is moving houses dating from the 1940s to
Governors, businesses up pressure for bailout bill Governors and business lobbyists pressured lawmakers Wednesday to pass a $700 billion financial industry bailout as top lawmakers prepared for another face-off on the issue -- this time in the
Treasurys end lower following mixed inflation news The note's yield , a reference for mortgage and corporate borrowing, gained to 4.5% from 4.48% Tuesday.read more...
FOR SOME, DEDUCTING MORTGAGE INTEREST MAY BE OVER- VALUED: Homeowners' tax break could end (The Charlotte Observer) President Bush's tax-overhaul commission is considering an idea to eliminate the vile alternative minimum tax by, among other things, trimming the break homeowners get on mortgage interest.read more...