State bond issue gets ‘AA’ rating
The state government’s upcoming $350 million general obligation bond issue has been assigned an “AA” credit rating by Fitch.
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Mixed mortgage market 'set to worsen' (Guardian Unlimited) Lending picked up slightly in March but was well down on the 20% rise traditionally seen at the start of spring, the Council of Mortgage Lenders saysread more...
Property market unmoved by Bollard The latest Quotable Value property statistics are yet more evidence the property market is ignoring Reserve Bank Governor Alan Bollard.read more...
Rates on 30-Year Mortgages Drop Rates on 30-year mortgages fell to the lowest level since mid-December as investors scrambled to the safety of bonds following last week's stock market turmoil.Commentread more...
Mortgage rates back above 6% (bizjournals.com via Yahoo! Finance) Mortgage rates at Hawaii banks returned to the 6 percent level and above this week, with most lenders an eighth higher than that.read more...
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GMAC to cut 5,000 jobs at ResCap mortgage unit (Reuters via Yahoo! Singapore News) NEW YORK (Reuters) - GMAC LLC said on Wednesday it plans to cut 5,000 jobs at its Residential Capital LLC mortgage unit, or 60 percent of that work force, and