US housing market showing signs of slowdown
WASHINGTON - In a sure sign of a cooling housing market, sales of existing homes fell for the fifth successive month in January in the US.
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Mortgage requests declining (Republican American) U.S. mortgage applications fell last week to the lowest level since April, as higher mortgage rates pushed down demand for homes and slowed refinancing.read more...
Buyers opting for low deposit mortgages Tightening home affordability means that first time home buyers are cutting back on the size of their deposits and opting for bigger mortgages, industry people say. via The Age
Senate OK's bill on lending COLUMBUS - Lawmakers rebuffed efforts today to protect mortgage brokers and lenders from lawsuits, instead inserting more borrower-friendly provisions in a bill trying to lower Ohio's skyrocketing foreclosure ...read
Fuel, supply costs drive up new home prices From a report by News 2's Tony Jones The post-Katrina population boom in the Baton Rouge area has spurred quite an increase in new home construction.read more...
Asia tremors sink futures Investors will be watching to see if economic readings on U.S. inflation and home building are enough to help stocks get over what was seen as a disappointing report from
10-year Treasury yield can't find a floor The dollar edged higher against the euro and moved slightly lower against the yen.Commentread more...