Mortgage rates rise 5th straight week
The benchmark 30-year fixed mortgage rate hit 6.47 percent in Bankrate’s weekly survey of large lenders.
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MORTGAGE FRAUD: 26 states having problems (Courier-Post) As the U.S. housing market hits record highs, mortgage fraud appears to be rising from California to Florida, according to mortgage industry researchers and federal law enforcement agencies.read more...
ETrade and Wachovia may have write off half of their mortgage backed securities ? the mortgage meltdown continues (India Daily) The real estate market is dragging mortgage securities market to its knees. Wachovia and Etrade are clearly the most visible casualties after Merrill and Citibank.read more...
Mortgage hell looms (The Courier Mail) QUEENSLAND homeowners are increasingly going under and losing their properties as the mortgage crunch claims more casualties with each rate rise.read more...
Mortgage Rates Keep Climbing (Hartford Courant) WASHINGTON -- Rates on 30-year mortgages rose this week to the highest level in 15 months, while one-year adjustable rate mortgages climbed to the highest level in 41/2 years. Analysts
Mortgage, oil worries drag on market (Chicago Tribune) Stock prices retreated today, as crude oil climbed above $75 per barrel and fresh worries fell on the home mortgage market. read more...
Thrashers mortgage future to stop plunge (AP via Yahoo! News) The Atlanta Thrashers are no longer worrying about the future. They don't want to wait 'til next year anymore. It's time to make the playoffs. With their second deal