Anxious Home Builders Pile On the Incentives With the housing market looking increasingly frail builders and real-estate agents are going to new extremes to attract buyers, dangling lavish enticements and slashing prices.
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Thornburg Mortgage 4Q Profit Rises (AP via Yahoo! Finance) Thornburg Mortgage Inc. said Tuesday its fourth-quarter results rose 8.9 percent despite a tough mortgage environment, aided by the sale of mortgage-backed securities and strong loan origination activity.read more...
Existing home sales set record in June Sales of existing homes set a record in June with home prices shooting up at the fastest pace in nearly 25 years.read more...
Dubai issues new mortgage law to regulate sector (Khaleej Times) DUBAI ? His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has issued a new mortgage law as part
Mortgage Applications Fall to Year's Low (Fox News) Mortgage applications slid to this year's low as demand for loans to purchase homes fell last week to the lowest level since November 2003 despite a drop in interest rates.read
Treasurys end lower, turn defensive ahead of job data Treasurys fell on Thursday for a third day as traders turned their attention from bond friendly inflation readings to forecasts for a stronger payrolls tally in Friday's marquee economic release
Home price increases screeched to a halt in most of Loudoun County last year.
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