Fed Lifts Funds Rate to 4% In 12th Straight Increase The Federal Reserve raised interest rates lifting the key federal-funds rate by a quarter percentage point to 4%, as evidence grows that the central bank intends to slow the economy
Freddie Mac Extends Hurricane Relief Until Aug. 31 Freddie Mac is extending many of its emergency hurricane relief policies through August 31, 2006 in the Gulf Coast counties and parishes affected by Hurricanes Katrina and Rita, according to
Old State Theater property sold The long vacant 5-acre-parcel housing the old Tri-State Theater has been sold and the new owner said he is planning to erect a new building that could hold as many
Purse strings tighten on college loans "We advised it was too much of a cut, and now we're seeing the results, of lenders saying, There's no money in this anymore, and we're going to step out
Construction Activity Drops in October Construction activity in October plunged by the largest amount since the recession in 2001 as home building fell for a record seventh consecutive month.Commentread more...
Mortgage-Backed Bonds Still Have Fans Despite the woes rocking mortgage companies Fannie Mae and Freddie Mac, bond-fund company Pacific Investment Management continues to favor agency mortgage-backed securities over government debt.read more...
WASHINGTON · Mortgage foreclosures climbed in the spring as higher interest rates and energy prices made monthly payments harder for some homeowners. But new foreclosures aren’t rising at an alarming clip in Florida.
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