Consumer Spending Up in May Consumers boosted their spending in May as their incomes grew solidly, an encouraging sign that high gasoline prices haven't killed people's appetite to buy. Inflation moderated. It was the second
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Newspaper: High mortgage rates four times more likely for blacks Blacks who bought homes across America last year were four times more likely than whites to get high interest rates for mortgage loans, The Charlotte Observer reported Sunday.read more...
S&P: Mortgage Banks to Be Hit Next Year (AP via Yahoo! Finance) The chaos in the mortgage markets is only going to get worse in 2008 and will put a dent in U.S. mortgage bank earnings, according to a report released
Bush Signs Housing Relief Bill read more...
30-Year Mortgage Rates Climb to 6.79% (Los Angeles Times) Rates on 30-year fixed-rate mortgages increased to a nationwide average of 6.79% this week, up from 6.78% last week and the highest level since the week of May 24, 2002,
Even though the number of cities where home prices are “extremely overvalued” dipped slightly in the third quarter, the percentage of the U.S. housing market considered frothy and at risk for a price correction …
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