30-Year, 1-Year Rates Creep Upward Rates on 30-year and one-year mortgages climbed this week, while rates on some other home loans didn't budge. read more...
Bush signs housing bill to provide mortgage relief (AP via Yahoo! News) President Bush on Wednesday signed a massive housing bill intended to provide mortgage relief for 400,000 struggling homeowners and stabilize financial markets.read more...
No total upgrade planned after fire at Babbitassit (Reg Req'd) Nineteen of the 51 apartments damaged by May's seven alarm fire at Babbitassit Village on Foster Street stood vacant in mid-July, but plans are underway to rebuild at least that
Capstead Mortgage Corporation Announces Private Placement of $35 Million of Trust Preferred Securities (Business Wire via Yahoo! Finance) Capstead Mortgage Corporation announced today that it has issued and sold in a private placement $35 million of trust preferred securities through a newly formed trust, Capstead Mortgage Trust
GE Reports Profit of $5.4 Billion for 2Q General Electric reported second-quarter profits of $5.4 billion Friday and said it was getting out of the U.S. mortgage business .Profits for the quarter ending June 30 were up
FOR SOME, DEDUCTING MORTGAGE INTEREST MAY BE OVER- VALUED: Homeowners' tax break could end (The Charlotte Observer) President Bush's tax-overhaul commission is considering an idea to eliminate the vile alternative minimum tax by, among other things, trimming the break homeowners get on mortgage interest.read more...
Rates on 30-year mortgages edged lower for the third week out of the past four, reflecting further evidence that slower economic growth will help keep inflation in check. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.15 percent nationwide this week, down…
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