U.S. Home-Price Growth Reaches Slowest Pace in Over Six Years Prices grew just 1.17% in the second quarter from three months earlier, the sharpest slowdown since the government began releasing these statistics, providing more evidence of a cooling housing market.read
In U.S., the rich get richer while the poor tread water Incomes are growing smartly for the first time in years, spurring unexpectedly robust spending by consumers.read more...
Business Notes The Federal Reserve, keeping a watchful eye on the effect of surging oil prices, raised a key interest rate by another quarter-point yesterday.via
State Attorney General Warns About Fraud STATE ATTORNEY GENERAL JOHN SUTHERS IS WARNING FRAUDULENT MORTGAGE BROKERS THAT THINGS WILL SOON CHANGE.read more...
Mortgage debt rises to £1 trillion as this month's house prices stall (Guardian Unlimited) Total mortgage debt in Britain is likely to pass £1 trillion early next month, says Council of Mortgage lenders.read more...
Personal Finance WASHINGTON - Sales of previously owned homes dropped 2.6 percent in July as mortgage rates crept up.read more...
Mortgage lending slumped to a two-and-a-half year low in December as the credit crunch continued to take its toll on the market. Just £22.6 billion was advanced during the month, the lowest figure since May 2005 and 25% down on November’s total, according to the Council of Mortgage Lenders.
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