Mortgage Correspondent Channel Contracts from MortgageDaily.com (SYS-CON Media) the dominant source of online news for the mortgage industry.read more...
Gardner claims moratorium will not hurt county's building industry Frederick Board of County Commissioners President Jan H. Gardner said this week she believes that a proposed two-year moratorium on new home construction will not hurt the building industry.
7 lawsuits filed against mortgage ?rescue? companies (The State Journal-Register) The Illinois attorney general?s office has filed seven new lawsuits against so-called mortgage ?rescue? companies and warned consumers about a marked increase in scams that target homeowners on the
Mortgage Woes Don't Stop British Market (AP via Yahoo! Finance) Britain already has felt the ripples from the subprime mortgage crisis in the United States through the volatility of stock and currency markets. Could it also infect the nation's
New-Home Construction Edged Up Again in May New building of U.S. homes rose 0.2% last month, marking the fifth increase in six months.via
Pending U.S. Home Sales Index Dropped Second Month in a Row Designed to measure the direction of the housing market the index suggests that demand for previously owned homes will decline this year. Rising mortgage rates are partly to blame, says
“Furthermore, there is still a risk that pay could move significantly higher over the coming months, even though wages have remained broadly contained so far”
The Bank of England raised its benchmark interest rate by a quarter of a percentage point to 5.75 percent on Thursday, the fifth increase in less than a year as it attempts to put a lid on persistent inflation.
The widely expected move confirmed Britain’s place at the top of the interest rate table of the world’s seven wealthiest nations, as the European Central Bank held its own main refinancing rate unchanged at 4 percent.
British interest rates are now at a six-year high as the Bank of England struggles to contain rising prices and a booming housing market. Read more
read more…
This entry was posted
on Wednesday, July 4th, 2007 at 4:20 am and is filed under Mortgages.
You can follow any responses to this entry through the comments RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Leave a Reply