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Real estate market is weak, but won't crash (Reg Req'd) Report: Slowdown in home construction is cause for concern An economic report by the American Express Bank Ltd.read more...
New Century shares suspended Trading in New Century Financial shares was suspended on Monday after the second largest US subprime mortgage lender said its banks had cut off credit or indicated their intention to
Consumers confident but still saving (Reg Req'd) Dwindling prospects of an interest rate rise have lifted the spirits of the nation's consumers - but not enough that they're about to embark on a shopping spree.read more...
Could buying wine help you buy a house? The wine cellar of a vineyard. Photograph: Martin Bernetti/Getty From an investment industry that came up with the endowment policy, many of which are falling far short of original expectation,
Mortgage rates dip (bizjournals.com via Yahoo! Finance) Economic reports indicating inflation remains under control sent mortgage rates modestly lower this week.read more...
July 31 (Bloomberg)—Ben Craster says he’ll be drinking less beer this summer, and Christine Baines is cutting back on clothes and cosmetics. They’re among the millions of Britons preparing for a mortgage crunch.
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