MBA economist sees 6.5-6.6 pct long-term rates The Mortgage Bankers Association's chief economist on Tuesday said he expects long-term fixed-rate mortgages to climb to 6.5 percent to 6.6 percent by the end of 2005.via
Reinvention on a dime When Jonathan Fong decided it was time for a new end table, he skipped the furniture store and went instead to his storage closet.Commentread more...
Waterloo cabinet company reduces positions Bertch Cabinet Manufacturing has reduced its payroll in the last six months by not filling jobs as people leave, company President Gary Bertch said.Commentread more...
Rates on 30-Year Mortgages Drop for 3RD Week Rates on 30-year mortgages fell for a third consecutive week as bond investors focused on a number of economic reports signaling a slowing economy.via
Assessing a reverse mortgage (Boston Herald) Q I'm a 68-year-old who owns a two-family home and is single, retired and has few heirs. Do you think a reverse mortgage is something I should consider? - D.B.
Weekly Treasury Update US and China concluded their two-day 'strategic economic dialogue' this week. But disagreements on the pace of yuan appreciation unresolved prompted US lawmakers to warn that the US may
State lawmakers, faced with a record number of constituents who may lose their homes, are pressing to pass their own laws to halt mortgage-lending abuses, saying they can’t afford to rely on Congress to act. Legislators in some 30 states have introduced about 85 bills to protect mortgage borrowers from deceptive-lending practices, foreclosure or fraud, according to a Bloomberg analysis of data …
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