30-yr. mortgage rates up to 6.25 percent Rates on 30-year mortgages edged up to the highest level since early November as the economy continued to show surprising signs of strength.Commentread more...
B. C. pot grower to lose $600K home A B. C. judge has ordered a 59-year-old marijuana grower to turn over his mortgage-free $600,000 home to the government.read more...
Emirates NBD showcases its mortgage products at Interntional Property Show 2008 (AME Info) Emirates NBD, the holding company of Emirates Bank and National Bank of Dubai, participated recently in the International Property Show 2008 and showcased its wide range of mortgage products to
Chat Plus Real estate editor Maryann Haggerty and columnist Elizabeth Razzi respond to a question adapted from a recent online chat. read more...
A Rebirth in Washington Highlands It started with a dinner conversation. Joe Madison, a local radio host, confided to Anthony A. Williams, then the D.C. mayor, that he and his wife were thinking of
Countrywide shares jump on talk of U.S. mortgage plan (Market Watch) NEW YORK (MarketWatch) -- Shares of mortgage lender Countrywide Financial rose more than 20% Friday morning after reports that the U.S. government and several top banks are close to agreeing
“Housing is contracting at an accelerating pace, taking out with a vengeance the brief stabilization at the turn of the year”
Sales of existing homes fell for a fourth straight month in June and even a small increase in home prices was not enough to lift the gloom surrounding the housing industry.
The National Association of Realtors reported that sales of existing homes dropped by 3.8 percent in June to a seasonally adjusted annual rate of 5.75 million units, the slowest sales pace in 4 1/2 years.
The median price of an existing home edged up slightly to $230,300 in June, a 0.1 percent increase from the sales price a year ago. That was the first year-over-year price increase in 11 months but analysts cautioned that it would take more months to determine whether the downward trend in prices has finally stabilized. Read more
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