30-year mortgage rate tops 6% (Baltimore Sun) Analysts say increases threaten to deflate housing bubble Americans may have seen the last of long-term mortgage rates below 6 percent, and borrowing costs for home buyers likely
Need a better mortgage? Call Uncle Sam (CNN Money) On Capitol Hill this week, lawmakers are set to continue to grapple with the best response to the rising tide of home foreclosures. But the Bush administration says it has
Insurance regulators call for national catastrophe plan Top insurance regulators from California, Florida, Illinois and New York on Wednesday called for an overhaul of national catastrophe coverage, arguing that policies should protect homeowners and renters from ...read
States to blame on house prices: Costello LAND rationing designed to protect the cafe latte set from the horror of urban sprawl is driving up the cost of the family home more than interest rates.read more...
Mortgage broker's pay practices ruled illegal (The Plain Dealer) A U.S. District Court judge in Cleveland has found that a Middleburg Heights mortgage broker violated federal law by paying its loan officers only commissions, not a minimum wage.read more...
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Home sales dropped in August for the sixth month in a row, reflecting the recent mortgage crunch, the National Association of Realtors reported Tuesday. And the NAR said it expects similar results for September.
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