Mortgage Rates Dip for 3rd Week
Mortgage rates around the country dipped for a third week in a row, pushing 30-year mortgages to their lowest level since April.
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Fed chief vows to target mortgage abuses (AP via Yahoo! News) Federal Reserve Chairman Ben Bernanke said Thursday that he did not believe the growing number of mortgage defaults would seriously harm the economy.read more...
Budget to increase pension, welfare payments A substantial increase in pension and welfare payments, a cut of 1 percentage point in the top rate of tax and the provision of extra mortgage interest relief for first-time
30-year mortgage rate climbs to 6.45 percent (San Francisco Chronicle) Rates on 30-year mortgages rose again last week, climbing to the highest level in more than nine months, reflecting more concerns about how the Federal Reserve will respond to inflation
Figures in Met Mortgage scandal settle with SEC (The Olympian) Several key figures in the Metropolitan Mortgage & Securities Co. accounting scandal have agreed to settle lawsuits filed by the U.S. Securities and Exchange Commission.read more...
MORTGAGE GUY IN 'ID THEFTS' (New York Post) A Queens mortgage manager was nabbed yesterday for spearheading an ID-theft operation that bilked at least a dozen home buyers out of more than $1 million, cops said. Jacob Milton,
Japan Bank Keeps Monetary Policy Associated Press Japan Bank Keeps Monetary Policy 04.28.2005, 01:25 AM Japan's central bank said Thursday that it will keep its high-liquidity monetary policy unchanged to help prod along the nation's