Treasury brings back the 30-year ‘long bond’
If you think a 4.5 percent annual interest yield is a great return, Uncle Sam has a deal for you: a guarantee of that rate for the next 30 years.
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*FOMC - Subprime Mortgage Problems Could Delay Housing Forecast; Lowers Q1 GDP Forecast (Nasdaq) (RTTNews) - FOMC - Subprime Mortgage Problems Could delay Housing Forecast; Lowers Q1 GDP Forecast.read more...
Modulars answer a demand for quickly built homes If you think the term modular equals mobile when it comes to homes, think again.read more...
Mortgage Banker Cuts Direct Deal for Cityplace Center Floor (GlobeSt.com) DALLAS-After a three-year stay on a subleased floor, a mortgage banking compliance firm has sealed a direct deal for 25,832 sf of class A space in Cityplace Center. The five-year
Realtors expect sales slowdown (Reg Req'd) A combination of higher interest rates and years of rising prices could soon take some air out of the hot U.S. housing market.read more...
Mortgage rates up again; market cool-off forecast (Fort Wayne Journal Gazette) WASHINGTON ? Rates on 30-year mortgages rose a second straight week as financial markets reacted to the decision by the Federal Reserve to keep pushing interest rates higher because of
IAC Posts Loss Amid Mortgage Woes (NYTimes.com via Yahoo! Finance) The company reported a loss of $369.9 million in its fourth quarter, citing higher taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs that would make