Wall Street hurt by mortgage worries (Reuters via Yahoo! News) U.S. stocks slid on Monday as a worldwide flight from riskier assets moved into a second week, fed in part by heightened concerns about the flagging health of the
Mortgage lending up 8% on 2005 (Guardian Unlimited) The mortgage market remains robust but consumer credit levels continue to suffer in the face of rising personal debt, latest figures from UK banks indicated today.read more...
Home Building Down in 2006 Daviess County has seen construction of fewer single-family houses in 2006 than it's witnessed since the 1990s.Commentread more...
Builders Court Buyers With 'Price Protection' Companies like KB Home and Ryland Group are trying to bring in cash by offering to guarantee a lower price if prices of comparable homes drop.
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Fed Statement on Mortgage Reform (BusinessWeek Online via Yahoo! News) The Federal Reserve Board on Tuesday proposed and asked for public comment on changes to Regulation Z (Truth in Lending) to protect consumers from unfair or deceptive home mortgage
March Durable Goods Orders Sink New orders for long-lasting U.S.-made goods plunged unexpectedly by 2.8 percent in March, the biggest drop since September 2002, as orders for aircraft fell sharply, the government said on Wednesday.via
NEW YORK, May 10 /PRNewswire-FirstCall/—Mortgage rates inched higher, with the average 30-year fixed mortgage rate rising to 6.29 percent. According to Bankrate.com ( Nachrichten ) ’s weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.24 discount and origination points.
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