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With Fed rate hike likely, mortgage rates up (San Jose Mercury News)  Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further.read more...


Bicycling South Africa welcomes two new members to their team  Samantha Nadelman has been appointed as Designer for Bicycling SA magazine. Uys Swart has been appointed as Advertising Executive for Bicycling SA magazine.read more...


Levels of Equity Release Soared During 2002 and 2003, Have Fallen Gradually Since  Equity release enables homeowners to increase their mortgages in exchange for a cash lump sum if their property is worth more than the original sum they borrowed.via


Remodelor of the Month  The long-term outlook for the home improvement products remains strong, despite an expected slowdown in annual growth compared to recent year.read more...


SoCal real estate sales dive (Reg Req'd)  Region's median home price tops $500K Home sales in Southern California dropped for the fourth straight month in March, while the median home price set a record, a real estate


Home sales up, prices up more  The summer housing market continues to chug along at a steady pace. Last month, the number of closed metro area sales was a half-percent higher than last year at this

March 11th, 2007

US mortgage lender loses credit, sparking fallout fears (AFP via Yahoo! News)

A major player in the high-risk segment of the US mortgage market said Monday its credit was being cut off, prompting renewed concerns about fallout into the overall financial system.

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