Mortgage rates tumble — along with jobs
Mortgage rates tumbled to their lowest level in four months as a shockingly downbeat employment report convinced investors that a Fed rate cut is at hand.
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Home Builders See Weak Results As the Housing Market Slows Hovnanian's profits sank 34% as the company struggled with higher costs, slower-paced orders and increased cancellations. KB Home and Beazer Homes lowered their earning outlooks.read more...
Bear Stearns, Citic to Form Partnership Investment bank Bear Stearns Cos. and Chinese bank Citic Securities Co. said Monday they will form a strategic partnership that includes $1 billion in cross-investments and the creation of
Real Estate Calendar Here are some events that builders and developers have scheduled for would-be home buyers in the coming weeks. All are free and open to the public. read more...
First Direct resumes mortgage sales (Channel 4) First Direct has resumed mortgage sales to new customers, seven weeks after it withdrew deals saying it had been overwhelmed by applications. The internet and telephone bank withdrew its mortgage
BofA testing no-fee mortgage in Washington state (Baltimore Business Journal) Bank of America Corp. is testing a no-fee mortgage in Washington state to see whether it's effective in bringing more customers to the bank.read more...
Anxiety High: More Parents Relocate for Private Education A growing number of families are choosing where to buy a home based on its proximity to the school where they want to send their children. read more...