Consumer credit falls for second straight month: the Economy
WASHINGTON Consumer borrowing unexpectedly fell in November for a second month on a decline in non-revolving loans such as those for new cars, the Federal Reserve said Monday.
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Risky lending makes for unsafe houses THE battle among banks for market share is pushing the boundaries of safe lending practices, boosting household debt and artificially inflating house prices, a survey has found.Commentread more...
BofA Tosses Out Fees to Lure Mortgage Customers (E-Commerce Times) Achieving the American dream of home ownership has never been as simple as just paying for the house itself. Looking to further grow its mortgage business and expand its traditional
Houston mortgage monitor (Houston Chronicle) INDIVIDUAL LENDER RATES The mortgage interest rate list represents a sampling of rates as quoted by lenders in the Houston market on Friday. Rates, which may change on
Loan demand dips as 30-year mortgage rate hits 6.61%, highest since 2002 (USA Today) Mortgage applications fell last week as fewer people sought to refinance as interest rates hit their highest this year, an industry trade group said Wednesday.read more...
Home buyers regain bargaining power (Reg Req'd) Home buyers are finally starting to catch a break. After years of soaring real-estate prices -- not to mention periodic bidding wars for third-rate properties -- inventories of homes for
Despite Glut of Homes, Affordability Factor Is Still Low read more...