Home-Loan Subsidies Aid Rich, Study Says The nation's three housing enterprises have helped fuel the red-hot housing sector with policies that primarily benefit wealthier consumers, drive up U.S. housing supply, increase rental prices and lead to
Treasuries Gain; Greenspan Says He Doesn't Expect a Change in Yields Soon U.S. 10-year Treasuries advanced after Federal Reserve Chairman Alan Greenspan signaled he doesn't expect yields to change soon after their ``unusual'' slide to near a 14-month low.via
Mortgage Applications (WJTV Jackson) A spike in interest rates to their highest level in 11 months sent mortgage applications tumbling last week.read more...
Finally, mortgage rates fall (Bankrate.com) Just when mortgage rates finally fell, fewer homeowners applied to refinance their home loans. Yes, 30-year fixed mortgage rates fell for the first time since August. They had either risen
Moving to Hawaii? Prepare to sacrifice Moving to premier locales means a double whammy: The cost of living is high and salaries don't match up, says Real Estate Adviser Steve McLinden.read more...
Shady contractors fined, jailed "This has been a difficult time for all involved" An Edgewater man whose company took money from customers for cabinets that were never installed in homes was sentenced to
Halifax is offering a fixed rate deal until the 31 December 2008, at a rate of 4.79%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.75%. The overall cost for comparison is 6.6% APR. An Early Repayment Charge is payable if you repay all or part of the mortgage during the fixed rate period.
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