Mortgage rates dip for fourth week (Mohave Valley News) WASHINGTON (AP) - Rates on 30-year mortgages fell for a fourth consecutive week as a slowing economy eased concerns about inflation. Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate
FOR SOME, DEDUCTING MORTGAGE INTEREST MAY BE OVER- VALUED: Homeowners' tax break could end (The Charlotte Observer) President Bush's tax-overhaul commission is considering an idea to eliminate the vile alternative minimum tax by, among other things, trimming the break homeowners get on mortgage interest.read more...
Mortgage deals for senators? (Long Beach Press-Telegram) Lawmakers say they weren't aware they received any special treatments from mortgage firms.read more...
Mortgage industry meets in Montreal In presentations to the more than 2000 delegates gathered in Montreal for the Annual National Mortgage Conference and Expo, the leadership of The Canadian Institute of Mortgage Brokers and Lenders
Agency Reports U.S. Home Prices Up 12 Percent WASHINGTON, D.C. Average U.S. home prices jumped 12.02 percent from the third quarter of 2004 to the same period this year, a slowing from the record pace of the previous
Polk Realtors Report Nearly Flat January read more...
“The prices for lesser-grade borrowers has widened rather significantly”
As bad news about the financial system piles up, trust the pillar of investing is being buried.
The most recent fears are tied to the potential failure of bond insurers, the companies that back the funding for hospitals, schools and other public works. A meltdown there could deliver another devastating blow to battered banks and force higher taxes on homeowners.
That has made it difficult for the Federal Reserve even with its aggressive rate cuts recently to restore confidence and quash the volatility and uncertainty. Read more
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