Mortgage rates edge up for second week "Stronger-than-expected inflation reports and retail sales for November put upward pressure on long-term interest rates last week" Mortgage rates edged up for a second straight week and 30-year loans
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Investors Reposition Amid Uncertainty of Real Estate Using a deliberate buy-and-sell strategy, the former investment banker now owns 600 units in seven properties, after selling 20 apartment buildings over the past five years worth about $50 million.via
“The global credit problem that started in America is now the most immediate challenge for every economy and addressing it the most immediate priority.”
British Prime Minister Gordon Brown has provided a bleak view of the world economy in the coming year, but says he’s optimistic the U.K. can remain stable through global financial turbulence. via The Chronicle-Journal
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