Mortgage break-even point is crucial (Detroit News)
Bob Walters is willing to shell out cash to get a rock-bottom mortgage interest rate. That’s why he always pays discount points.
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Cuts in housing jobs skyrocket Job cuts in the housing industry jumped in the first quarter and almost matched the number of cuts in all of 2006, an outplacement consultancy said Wednesday. via Pasadena
Sign of the times: For Sale Rubble piles bear "For Sale" signs. Homes without roofs are being sold as-is. Placards announcing "We Buy Houses, Cash!," are posted on corners throughout middle-class neighborhoods.read more...
Some Middle-Class Massachusetts Families Lack Funds to Move From Apartmetns to Houses Three months ago, Stacey and Patrick Goodwin began to search for their first home.via
Stocks lower as oil prices move up, November jobs data better than expected The Toronto stock market lost an early lead to move lower Friday despite strength in the energy sector from higher oil prices.Commentread more...
Owning way beyond most Calif. households Inman News The percentage of households in California able to afford a median-priced home fell to 17 percent in April, a 3 percentage-point decrease compared with the same period a
Former Mortgage Executive Found Guilty In Fraud Scheme (The Tampa Tribune) A former vice president for one of the nation's largest subprime lenders was convicted by a Polk County jury of his involvement in a mortgage fraud scheme, according to the