30-year fixed rates drop to 5.98 percent
Turbulence continues to buffet mortgage rates. Like a plane landing in a thunderstorm, rates go violently up and down, moved by invisible forces.
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Bush prods Congress on AMT, mortgages "As a result, the AMT's higher tax burden is creeping up on more and more middle-class families, and as many as 25 million Americans would be subject to the AMT"
Has Housing Bubble Popped, Or Still Growing? Market Watch found room to doubt today's new home sales report. "The U.S. housing market has gone from boom to bust to boom again, if you believe the recent data.read
S. Fla. mortgage firms lay off hundreds as home sales fall (Sun-Sentinel) The dramatic collapse of the nation's mortgage markets has hit home in South Florida, with almost 800 people losing their jobs in recent months as lenders slash operations.
Make this Thanksgiving a holiday to remember Before you know it, the friends and loved ones you cherish most will join you for Thanksgiving dinner.Commentread more...
KBANK sees mortgage growth moderating (Bangkok Post) Kasikorn Bank expects growth to moderate in the home mortgage market, given declining consumer sentiment due to rising interest rate trends, high oil prices and violence in the southern border
Banks borrowed more over the past week from the Federal Reserve's emergency program. Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms took a pass for the sixth week in a row.read more...