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Risking 'payment shock'  The option adjustable rate mortgage is among the newest and riskiest choices for financing a home purchase.read more...


Still growing... Church of Latter-day Saints completes $1.3 million expansion project (Reg Req'd)  The Williamsport chapel of the Church of Jesus Christ of Latter-day Saints has had another growth spurt , physically.read more...


All Eyes on Home Market in San Diego  SAN DIEGO - When the housing market here was red-hot 18 months ago, Alex Flores could buy a downtown condominium with as little as $5,000 down and sell it six


Realtor Brings LULAC to Osceola County  AUBURNDALE - For $6.5 million, the city has acquired 88 acres of land next to Lake Myrtle Park and in the process saved its deal with the Florida Youth Soccer


Symphony tour features east Casper  "It's going to be a big spring" When the ever-growing Vigneri bunch gathers at the home of Joe and Betsy, they need lots of space. via Casper Star-Tribune read


No regrets on forgiving loan (Reg Req'd)  Jon Corzine said yesterday he does not regret forgiving a $470,000 loan he made to an ex-girlfriend who is also president of the state's largest labor union.read more...

May 16th, 2007

Consumer Inflation Moderates in April

“The crisis in the subprime market has infected other parts of the mortgage market as well as consumer psychology and as a result the housing outlook has deteriorated”

Consumer inflation moderated slightly in April even though motorists were socked with another big jump in gasoline prices. via Hampton Roads Daily Press



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