Banks nudge up posted mortgage rates on terms up to four years
Some posted mortgage rates were nudged higher Wednesday as inflation anxiety prodded up yields on the bond market where banks raise their lending funds.
read more…
US mortgage crisis may cost 945 bln dlrs worldwide: IMF (AFP via Yahoo! News) The International Monetary Fund said Tuesday the worldwide losses stemming from the US subprime mortgage crisis could hit 945 billion dollars as the impact spreads in the global economy.read
Housing Bubble Unlikely in Texas It looks like all Texans can breathe a sigh of relief. The Texas housing market is stable and positive, with home-price appreciation expected to continue at a healthy pace.read more...
Insurors Bank launches residential mortgage division (BizJournals) Nashville-based Insurors Bank of Tennessee has announced the opening of a full-service residential mortgage division.read more...
New MY Infiniti nears completion Construction of an Infiniti automobile dealership in downtown Monterey should wrap up by October.read more...
Mortgage applications slide (CNN Money) Mortgage Bankers Association reports 2.8 percent dip as interest rates on fixed-rate mortgages climb.read more...
Solicitors attack flawed single seller survey Minister-backed initiative opposed by solicitors group Policy aims to reduce buyer expense of buying multiple surveys Buyers will be reluctant to accept seller survey as sufficient, says forum Key quote