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Banks pursue stake in Devens  Sovereign Bank's press conference last week concerning job-creating loans it made to three enterprises at Devens shows that even in the early stages of the former Army base's redevelopment, banks


Mortgage Lender To Axe 2,000 Jobs (Sky News via Yahoo! UK & Ireland Finance)  Mortgage lender Northern Rock has confirmed plans to axe more than 2,000 jobs.read more...


Building renovation may leave city in a financial fix (Reg Req'd)  The city might have to stop work on fixing sidewalks, installing drainage culverts, rewiring schools and scores of other construction and repair projects to pay for a costly, court-ordered renovation


Lakevale Estates' Mystique Is More Casual Than Chic    Maybe Lakevale Estates should drop the "estates" from its name -- it's such a stuffy word, out of sync with the attractive, casually comfy Fairfax County community just west


HOME owners were today offered some respite on their mortgage repayments when the Bank of England...  HOME owners were today offered some respite on their mortgage repayments when the Bank of England cut interest rates by a quarter of a point to 4.5 per cent.read more...


Mountain Business Park finding a market for its space  North San Bernardino's Mountain Business Park is finding new tenants and new interest among potential tenants.read more...

January 3rd, 2007

Rate fears drive down mortgage sales, values

INTEREST rate fears have driven down home lending by 30 per cent, while also shrinking the average size of mortgages, new figures show.
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