GM sheds more GMAC assets Those waiting for a big break between GM and GMAC will likely be disappointed, as it looks as if the auto company is pursuing a piecemeal approach to divesting itself
Best deal: 30-year mortgage (The Myrtle Beach Sun News) Question | I'm house hunting this spring and have found a couple of nice homes, so I'm thinking about the next step. Which type of mortgage is best?read more...
S. KOREA'S FINANCIAL WATCHDOG TO REIN IN MORTGAGE LOANS (Asia Pulse via Yahoo! Australia & NZ Finance) Housing South Korea's top financial watchdog said Thursday it will strengthen regulations on mortgage loans in an effort to curb speculative home buying.via
New housing down substantially as mortgage rates rise (Lincoln Journal Star) Home construction plunged 5.6 percent in October, providing dramatic evidence that rising mortgage rates are beginning to dampen the housing boom.read more...
Weekly Home Mortgage Rates (The Herald-Sun) Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of August 3 as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent
Home Sales Observe Largest Decline Since 1996 The unsold inventory of new homes in Orange County is at the highest level since 1996, according to an economic forecast released Friday in Irvine.Commentread more...
VANCOUVER —For those caught in the real-estate crunch, a “mortgage helper in the sky” could be the answer to their prayers. Real estate experts say apartments with built-in rental suites point to the future for families looking for new ways to pay the mortgage.
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