Shifting housing market snubs bad credit Homeowners with troubled credit histories are finding it harder to get mortgages or refinance homes because softening in the housing market is making lenders less likely to handle riskier loans.Commentread
State steps in to tackle mortgage woes (BizJournals) Even though Oregon has experienced relatively few effects from the so-called "mortgage meltdown," state officials continue to seek tighter loan terms.read more...
Fixed-rate mortgage fees soaring (Channel 4) Application fees for the best fixed-rate mortgages have nearly doubled during the past year, figures have showed. The average fee on the five most competitive two-year fixed rate deals has
Joining the Chainsaw Gang: Powering Up Do-It-Yourselfers The home-improvement industry is trying to woo weekenders -- including women -- with power tools. But there's a big difference between operating a chop saw and ripping through wood with
This Week in City Hall read more...
Horton hurts homebuilders' stocks Homebuilders' shares dropped, led by D.R. Horton, the latest to cut its earnings forecast after Federal Reserve interest rate increases lifted mortgage costs to a four-year high.read more...
Federal Reserve Governor Edward Gramlich said on Friday he did not know where the U.S. central bank was in its interest-rate rise cycle but that it would keep working to safeguard price stability.
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