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Home sales fall statewide; Detroit resists downward trend  It was tough to sell a home last year in Michigan. Sales of existing single-family homes were down nearly 14 percent from Jan.Commentread more...


Contractor accused of bilking elderly woman is released  A judge yesterday released a home improvement contractor accused of failing to finish repairs to an elderly Beverly woman's home, saying he thinks the police may not have grounds to


Mortgage Rates Rise on Fed Rate Worries   Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further.read more...


Botswana: Mortgage Advances Hit P1 Billion (AllAfrica.com)  Buoyed by the property boom in Botswana that has defied the sub-prime crisis in the US, the Botswana Building Society's (BBS) mortgage advances increased by 14 percent to hit the


Mortgage assets 'are likely target' (Financial Times)  Central banks and governments in advanced economies will be forced to buy mortgage-backed securities within the next few months to stop the credit crisis, according to a former chief economist


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December 14th, 2006

Rates on 30-year mortgages edge up slightly

WASHINGTON —Rates on 30-year mortgages, after falling steadily for a month, edged up slightly this week but still remained well below the levels of a year ago.
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