Mortgage legend says price slump deeper than seems (Reuters via Yahoo! News) The man credited with developing the financing of the modern U.S. mortgage industry says home values have fallen more than their listed prices suggest but they could hold steady
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30-year rates highest since November Rates on 30-year mortgages edged up to the highest level since early November as the economy continued to show surprising signs of strength.Commentread more...
Bank raises interest rates new Householders were left reeling today after the Bank of England raised interest rates to 4.75 per cent.read more...
Mortgage applications go up 1.2% (Detroit News) An index of U.S. mortgage applications rose 1.2 percent last week to its third highest-level this year, as more homeowners refinanced, a survey of lenders showed.read more...
Mortgage originations, median home prices to decline in 2008: MBA (Market Watch) CHICAGO (MarketWatch) -- Fewer people will be obtaining mortgages this year than in 2007, with total mortgage production expected to drop 16% to $1.96 trillion in 2008, the Mortgage Bankers
As more Americans default on home loans, federal regulators and members of Congress are looking to place new restrictions on mortgages for people with shaky credit, a move that could make it harder for many …
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