Experts say home sales to dip more
There is no question that the housing market has slowed greatly on a national and local level.
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July mortgage lending rise matches 2-yr high-BBA Underlying net mortgage lending rose in July, British Bankers' Association data showed on Friday, supporting other surveys depicting a robust housing market before this month's surprise interest rate hike.read more...
Bush prods Congress to pass bills to aid mortgage giants (USA Today) President Bush is calling on Congress to move quickly to put into force legislation designed to help prop up mortgage giants Fannie Mae and Freddie Mac.read more...
Officials considering ways to help mortgage giants (AP via Yahoo! News) Government officials are in discussions about developing a plan for propping up the big mortgage companies Fannie Mae and Freddie Mac should they falter.read more...
Struggling Homeowners See a Solution in Arson In this week's survey of news from across the Web, Open House looks at individuals who are torching their own homes to get out of debt, a wave of foreclosures
Treasuries Rise as Jobs Report Fuels Expectation Fed to End Rate Increases U.S. Treasuries surged, pushing the 10-year note to its biggest weekly gain since August, after a government report showed the economy last month added less than half the jobs forecast.via
Mortgage approvals hit lowest level for nearly three years (The Herald) Yet another concrete sign of UK housing market weakness came yesterday when the Bank of England reported that fresh mortgage approvals for house purchase had slumped to the lowest for