Real estate obsession reflected on the tube
This, people, is how you know the fearsome bubble is finally bursting : We’re finally left with nothing to do but watch.
read more…
Senate votes to expand mortgage program (USA Today) The Senate moved Friday against the worsening mortgage crisis, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.read more...
Fed Raises Key Rate For 16th Straight Time The Federal Reserve lifted the key federal-funds rate to 5% the highest level in more than five years. The central bank signaled that it may take a pause to assess
Brokers warn of further rises in mortgage rates (Financial Times) Mortgage rates are expected to rise again in coming weeks, in spite of the Bank of England?s unprecedented intervention to ease liquidity in the banking system.read more...
Real estate notebook Rates on 30-year mortgages rose for the first time in five weeks as investors awaited word from next week's meeting of the Federal Reserve on the future direction of mortgage
Chips Off an Old Sandstone Cutter's Block Rural, winding Berryville Road can be as difficult to pinpoint as it is to navigate. Just ask lifelong Berryville Road resident Shirley Shields. read more...
House members press for licensing, new regulations for mortgage originators (Sharewatch) WASHINGTON (Thomson Financial) - Key members of the House introduced legislation today that would require all mortgage originators to be licensed at the state or federal level, and take a