Existing-home sales down 4.1% in July The National Association of Realtors reported Aug. 23 that existing-home sales were down in July and that home prices in many areas are "slightly below" year-ago levels.read more...
Mortgage Applications Spike as Interest Rates Rise U.S. mortgage applications rose for a second consecutive week, reflecting a rush by consumers to lock in loans as interest rates rose to a near four-year high, an industry trade
Fund Highlight: Fidelity Short-Term Bond Fund Although fixed-income instruments should be a part of any well-diversified portfolio, bonds are usually less desirable during times of rising interest rates, such as the past-few months.read more...
Mortgage crisis takes toll on dollar (International Herald Tribune) The dollar fell to near a record low versus the euro Monday on concern that subprime mortgage losses would slow the economy and prompt the Federal Reserve to cut interest
AMI says independent mortgage advice could save consumers GBP1,830 pa (Banking Business Review) New research by the Association of Mortgage Intermediaries, in partnership with independent financial services research company NMG, has revealed that mortgage intermediaries could save consumers up to GBP1,830 per year
Two new 2007 tax breaks help homeowners struggling with mortgage payments (KATU Portland) In a year of bad mortgage news, there's a bright spot or two for homeowners: Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible.read more...
(ARA) – Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan.
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