Bankrate: Mortgage Rates Fall to 3-Month Low Mortgage rates fell to a three- month low on easing inflation concerns. The average 30-year fixed rate mortgage dropped from 5.84 percent to 5.78 percent, according to Bankrate.com's weekly national
Bloomington mortgage business files lawsuit, closes (The Pantagraph) BLOOMINGTON â?” A Bloomington mortgage business recently closed after filing a lawsuit that alleges previous employees wrongly went to work for competitors.read more...
Folsom mortgage lender shuts down amid rising home loan defaults Defaults have claimed the first home lending casualty in the Sacramento region with the demise of Folsom-based Central Pacific Mortgage.Commentread more...
U.S. mortgage applications surge (Detroit News) U.S. mortgage applications rose last week by the most in almost a year, as low interest rates contributed to a record number of requests for loans to buy houses. Applications
Kane County fights mortgage schemes (Daily Herald) The increasingly common crime of mortgage fraud and related schemes have prompted Kane County officials to step up communication with homeowners.read more...
Existing-Home Sales Decline, Prices Drop, Inventories Rise In July, the number of homes sold fell 0.2% a fifth straight decline. The median home price was $228,900, down 0.6% from July 2006.
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Balanced market creates new approach to home selling Previous listing strategies may backfire in 2006 There are plenty of home buyers intent on buying while they can still lock in a relatively low mortgage …
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