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Mortgage approval figures point to cooling of housing boom (Independent)  Growth in mortgage lending slowed last month, according to figures from the major high street banks that suggest the recent boom in activity is coming to an end.read more...


Predatory lending practices in Congressional crosshairs   People often ask me what a typical day in the legislature is like. The answer is that there is no typical day, especially given the complex issues that often come


Cheaper Solar Technology Attracts More Homeowners  Less expensive photovoltaic cells and solar-powered gadgets are helping more consumers go green. But the industry's growing pains can make installing these energy options a headache. read more...


Why I can't act to break deadlock - Obasanjo  Obasanjo, who spoke yesterday on his programme on the FRCN network, the President Explains, said until government was officially informed about the deadlock, which forced the Confab into four weeks


Maine's delegates see flaws in tax fix  There is an old saying that nothing is certain but death and taxes. Add another certainty, say the four members of Maine's congressional delegation: Any proposal to reform taxes will


Financial Wizardry, Potter Style  Magic is in the air again. Forget the everyday concerns about stocks, the economy, the price of crude oil, the national debt and the bond market.read more...

May 31st, 2006

Mortgage Rates Rise on Fed Move Concerns (AP via Yahoo! Finance)

Mortgage rates rose again this week on worries about what the Federal Reserve will do next. One-year adjustable rate mortgages hit the highest level in nearly five years.

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