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'Heating' Things Up    Q: DEAR BOB: After buying a townhouse condominium, my husband and I soon learned that the heat didn't work. Several experts have confirmed the problem, and local contractors


Pilot Bank Building's Colors Are Talk of Town  read more...


Mortgage brokers urge customers to lie about salary to get huge home loans (Evening Standard)  Unscrupulous brokers are encouraging homebuyers to lie about their finances to qualify for huge mortgages up to eight times their salary. Experts warn that the scam could drag Britain into


Finishing up at Westwood High School  Town officials are holding a series of meetings with the bonding company responsible for the high school construction to finish several incomplete jobs.read more...


Governmental Role in Home Loans Expands as Investors Walk Away  Now that the housing boom is over government-linked bodies are the ones putting up the cash for mortgages, resulting in tighter lending standards for consumers. read more...


Considering China as threat has no advantages: experts  The giddying Chinese goods pouring into the European market often causes alarm on the Western continent.Commentread more...

May 18th, 2006

30-Year Mortgage Rates Highest in 4 Years (San Francisco Chronicle)

Rates on 30-year mortgages climbed this week to their highest point in nearly four years, helping take the exuberance out of the housing market. Freddie Mac, the mortgage company, reported Thursday that for the week ending May 18 rates on 30-year,...

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