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New Century cuts '05 earnings view  New Century Financial Corp. on Thursday cut its 2005 earnings outlook in the face of rising rates and mounting competition in mortgage lending, sending its shares down 9.1 percent, their


Slow and Traditional Wins a Wave of Converts    When Paul and Ila Myers were looking for a place to retire, they didn't plan to look at Georgetown, Del. via


To get the point in finances, you must decode lingo  Ask the Fool: What are these "points" I read about in financial articles? - A.F., Cincinnati A: There are several kinds of points in the financial universe.read more...


Mortgage arranger guilty of fraud (The Cincinnati Enquirer)  The operator of a Springdale mortgage firm pleaded guilty Friday to conspiracy to commit bank fraud and money laundering.read more...


Meetings  Bluegrass Home Economists will meet at 10 a.m. Wednesday at Andover Country Club.read more...


Red Sox's Epstein Selling Boston Condo  The 33-year-old executive asked about $1.54 million for a duplex penthouse in the South End neighborhood. Plus, television-cooking-show host Rachel Ray is in talks to buy a $2.9

May 31st, 2005

Low mortgage rates make higher-priced homes more affordable than in ’90s (San Diego Daily Transcript via Yahoo! News)

WASHINGTON —Low interest rates and rising incomes have made houses more affordable than they were 10 years ago, suggesting talk of a national real estate bubble may be exaggerated, a study by the Federal Reserve Bank of Chicago said.

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