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30-Year Mortgage Rates Dip Again    Rates on 30-year mortgages fell for a sixth straight week, dropping to the lowest level in three months, according to a weekly survey released Thursday. read more...


W.N.Y. Roofing Contractor Indicted on Larceny, Fraud Charges  In one of the largest home improvement fraud cases in Western New York, Attorney General Eliot Spitzer today announced that a grand jury has returned a felony indictment against a


Kentucky above average in debt  FRANKFORT, Ky. -- The bill is more than $1,000 for every man, woman and child in Kentucky.read more...


What could happen if U.S. housing market slows  NEW YORK-Federal Reserve Chairman Alan Greenspan sees signs of "froth" in some local housing markets, but says overall the nation doesn't appear to be in a housing bubble that could


TotalMove and EscapeHomes Announce Merger  SITE SPONSORS TotalMove, Inc., a national consumer relocation company, today announced it has merged with EscapeHomes, a San Francisco, California-based online marketplace for second home real estate.read more...


Maverick Mortgage office in Jefferson City (Jefferson City News Tribune)  Maverick Residential Mortgage, Inc., opened a new 900-square-foot office in Jefferson City at 1804 Southwest Boulevard, Suite A. Branch manager is Bruce Erwin.read more...

June 30th, 2007

The Bank of Mom and Dad can offer daughter a mortgage (Los Angeles Times)

Question: Our 25-year-old daughter has just landed her first job in New York City. Her pay is dismal, but she has about $80,000 for a down payment on a condominium in Brooklyn. My husband and I want to help but would rather not co-sign a mortgage loan. Can we lend her the mortgage money at market rate?

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