Those expecting mortgage-rate freeze should be prepared to wait (Lincoln Journal Star)
Be ready to wait if you want to get information from a toll-free hot line about freezing the interest rate on your subprime mortgage.
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U.S. MBA's Mortgage Applications Index Surged 32% Last Week (Bloomberg.com) Jan. 9 (Bloomberg) -- Mortgage applications in the U.S. jumped last week, led by a surge in refinancing as long-term interest rates fell to the lowest level in two years.read
Jobless Claims Fall To Lowest Level In Four Months WASHINGTON Newly laid off workers filing applications for unemployment benefits fell last week for a fifth consecutive time, pushing jobless claims to the lowest level in four months. via
Subprime Fears Spread, Triggering Calls for Reform Worries are mounting on Wall Street and in Washington about the subprime mortgage market. Politicians are publicly urging that something be done to bail out stretched homeowners and to bring
Fed actions lowering rates help some borrowers, but can hurt savers and retirees "They also have an incredible ability to adapt ... delaying purchases, home projects, things like that" NEW YORK - Falling interest rates may be a boon to borrowers, but
Where's the Froth? Luxury Sellers Cut Prices Several groups have tried to calculate the war in Iraq's toll on civilians by counting deaths from war, terrorism, crime and even illness.read more...
City OKs New Economic District read more...