Bankrate: Mortgage Rates Closing in on 6 Percent (Builder Online) NEW YORK, Aug. 11 /PRNewswire-FirstCall/ -- Fixed mortgage rates increased for the sixth consecutive week, and remain at a four-month high. The average 30-year fixed rate mortgage climbed from 5.91
U.K. Aims to Ease Pain in Housing The British government this week plans to present measures aimed at boosting the housing market and helping poor consumers pay their utility bills.read more...
Avoiding home foreclosure starts with picking up phone U.S. lenders trying to get people to pay overdue bills on risky subprime mortgages expect half of those borrowers to avoid telephone calls and letters that could help bail them
Mortgage applications up (CNN Money) The Mortgage Bankers Association says the number of mortgage applications rose last week despite increased interest rates.read more...
Interest-only mortgage deja vu That last craze for interest-only mortgages craze ended with a Depression-era wave of foreclosures. The new variety of this loan is even riskier, says Jack Guttentag, the Mortgage Professor.via
Downsize, Avenues neighbors plead They've grumbled privately about the so-called "McMansion" being built in the Avenues.read more...
The National Association of Mortgage Brokers is so concerned that recently proposed legislation could crush its revenue model that it scheduled national teleconferences and prepared sample letters for members to mail to their respective members of Congress.
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