Rates sure to rise on Cup day
THE one sure bet this Melbourne Cup day is a rise in interest rates as an inflation surge – stoked by the drought – adds to the pressure on mortgages.
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Survey says Twin Cities is the nation's home improvement hot spot Minneapolis-St. Paul was followed in the top five by Rochester, N.Y., Salt Lake City, Utah, Providence/New Bedford, R. I., and Buffalo, N.Y., in the study conducted by Scarborough Research.via
Three factors will prove key to market's performance The stock market, according to an old saying, likes to climb a wall of worry. Although it has made progress in the past couple of weeks - the smaller stocks
Mortgage rates inch up (UPI) The U.S. housing market saw mortgage rates inch up this week as a report showed home prices in 10 major U.S. cities continued to decline.read more...
Using a piggyback mortgage (Bankrate.com) Dear Dr. Don, My husband and I are currently buying our first home. The price of the home is $515,000 and we are doing a no-money-down transaction with a 6
Tighter Standards Coming for Risky Mortgages New guidelines for nontraditional mortgages will be released this fall, with the goal of clarifying loan terms and tightening standards.Commentread more...
Consumer inflation is down The consumer price inflation minus mortgage costs for the historical metropolitan and other urban areas is 4.7% at September, down from 4.8% in August, Stats SA said today.read more...