Mortgage rates to 6.125% (bizjournals.com via Yahoo! Finance) Most Hawaii-based mortgage lenders now are quoting 6 1/8 percent for a regular 30-year fixed-rate home loan, the Honolulu Board of Realtors reported Friday.read more...
Mortgage equity withdrawal falls (BBC News) The amount of money people have borrowed against the value of their homes has fallen again.read more...
Builders pay more, wait longer for lots Builders pay more, wait longer for lots The shortage of building sites also adds to the final cost of new homes for buyers.via
As Houses Empty, Cities Seek Ways To Fill the Void Local governments are scrambling to cope with a surge in vacant homes and abandoned properties in the latest fallout from the mortgage-lending crisis.
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Adjusting to a less bullish outlook Last week was marked by several significant financial events. First, the Federal Reserve hiked interest rates by 25 basis points and suggested that its - oemeasured - pace of rate
Rate Trend Index -- Mortgages Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...
Q: We bought a new house in January for $709,000. The builder is now selling similar homes in our community for $200,000 less. My neighbors and I are thinking of seeking legal advice because the cheaper homes are deliberately bringing our home values down.
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