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Home Mortgage Demand Rises 2.4% (Fox News)  The Mortgage Bankers Association reported home loan application requests increased 2.4%, the highest number since March.read more...


Student loan shame  While Congress has been battling over how much to cut student loan programs, another aspect of this debate has been largely overlooked -- namely, the move to prevent students and


Mortgage applications fall last week (Reuters via Yahoo! News)   Applications for U.S. residential mortgages fell last week as higher interest rates deterred borrowers from refinancing their existing home loans, an industry trade group's figures showed on Wednesday.read more...


Treasury To Release Analysis of Meltdown  "There will probably be a lot more scrutiny, in a sense, a lot more analysis being done of the underlying credit. And that's probably a good thing" Treasury Secretary


Mortgage applications fall even as rates drop, MBA survey shows (Market Watch)  WASHINGTON (MarketWatch) -- Unmoved by a big drop in interest rates, the volume of applications for mortgages at major U.S. banks declined 4.9% last week, the Mortgage Bankers Association reported


Goldman Sachs Posts Record 1Q Profit   Goldman Sachs Group Inc., the largest Wall Street investment house, on Tuesday said its first-quarter profit rose 29 percent to a company record on robust trading gains and investment banking

June 1st, 2006

Mortgage rates rise on Fed worries (Akron Beacon Journal)

Mortgage rates rose again this week on worries about what the Federal Reserve will do next. One-year adjustable rate mortgages hit 5.68 percent, the highest in nearly five years. Last week, the one-year ARM was at 5.61 percent.

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