Encouraging corporate earnings news sends stock markets higher Positive corporate earnings reports helped send stock markets higher Wednesday morning.read more...
Corrections officer arrested in mortgage fraud (Miami Herald) A longtime Miami-Dade corrections officer used his uncle's forged signature -- the uncle had been dead 13 years -- to take a mortgage out on the man's North Miami-Dade home,
Mortgage Security Bondholders Facing a Cutoff of Interest Payments (New York Times) The cutoff of interest payments, which is expected to accelerate, would be the latest blow to the markets as investors try to anticipate the next problem that might shake confidence.read
Mortgage rates barely budge ahead of Fed meet (The Myrtle Beach Sun News) Rates on 30-year mortgages, after rising for the first time in five weeks, edged down slightly this week. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages dipped to 6.36
U.K. March Mortgage Approvals Rise as Housing Market Revives (Bloomberg.com) May 4 (Bloomberg) -- U.K. mortgage approvals rose in March, the Bank of England said, a sign that Britain's $6 trillion property market will continue to strengthen this year.read more...
Fuel costs push inflation to 2.5% Rising energy bills pushed inflation higher Rising gas and electricity bills have pushed UK inflation to its highest level since September 2005, the Office for National Statistics has said.read more...
Supplies of key construction materials stabilized or increased within the past year, easing concerns about escalating costs for home builders and commercial construction companies.
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