Home construction fizzles
Housing construction and new building permits were down sharply in October, providing fresh evidence that rising mortgage rates are beginning to cool the five-year housing boom.
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(AFX UK Focus) 2005-07-06 10:00 GMT: UK Q1 mortgage equity withdrawal falls to 6.4 bln stg vs 8.3 bln in Q4 (Interactive Investor) LONDON (AFX) - UK mortgage equity withdrawal fell to 6.4 bln stg in the first three months of 2005 from an upwardly revised 8.3 bln stg in the third quarter,
Woman's mortgage piles debt upon debt (Akron Beacon Journal) To understand what some homeowners in mortgage trouble face, talk to Barbara Fongheiser. She's 60 years old and works two jobs, earning about $30,000 a year.read more...
Home mortgage rates to jump for one in eight (San Jose Mercury News) About one in eight U.S. mortgage borrowers ``will get tested'' by upcoming jumps in their monthly house payments, an industry economist said last month.read more...
New Mortgage Rescue Goes Beyond Subprime (San Francisco Chronicle) With mortgage defaults surging and politicians urging the industry to do more, six lenders agreed to widen their effort to help borrowers of all loans _ not just subprime. The
Housing Fair set for Saturday Woodbine Community Organization is sponsoring a free Housing Fair 8 a.m.-noon Saturday at the Woodbine Community Center, 222 0rile Ave.read more...
Mortgage rejections set to soar (Guardian Unlimited) New restrictions on lending to high-risk customers could lead to a surge in numbers of mortgage applications being denied.read more...