Consumer Spending Is Sluggish in June
Consumer spending was weak for a fourth straight month in June as rising gasoline prices left Americans with little to spend on other items.
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First National launches interest-only mortgage (Investment Executive) First National Financial LP is offering a Canada Mortgage and Housing Corporation-insured interest-only mortgage. The firm describes it as new mortgage concept that can help qualified homebuyers lower their monthly
Mortgage rate cut ?will prompt buy-to-let bonanza? (Estate Agency News) THE August reduction in the mortgage base rate will prompt a buy-to-let bonanza! ?The rate reduction is likely to herald a rate war between buy-to-let mortgage providers as they swiftly
Regulators Asking Lenders to Be Flexible WASHINGTON - With foreclosures rising, federal bank regulators called on lenders Tuesday to work with distressed borrowers unable to meet payments on high-risk mortgages to help them keep their homes.
Pension funds bet on mortgage crisis (The Cincinnati Enquirer) The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy.read more...
US home loan applications fall despite rate drop NEW YORK - U.S. mortgage applications fell last week as lower interest rates failed to spur demand for loans to purchase homes, an industry trade group said on Wednesday.read more...
Housing hasn't stumbled yet By Rex Nutting , MarketWatch Last Update: 6:37 PM ET Aug. 19, 2005 . . Reprint .read more...