Falling House Prices Take Toll in Va. Suburbs
Housing prices declined across Northern Virginia last year, with the outer suburbs leading the drop.
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Appraisers say WaMu cut corners to increase its mortgage business (Seattle Times) Washington Mutual's mortgage woes come as no surprise to Graham Albertini, a real-estate appraiser who worked at WaMu's Bellevue office...read more...
Good jobs news causes rates to increase The benchmark 30-year fixed-rate mortgage rose 8 basis points to 6.5 percent, according to the Bankrate.com national survey of large lenders.read more...
Rates tick up, cash-out refis surge The 30-year fixed mortgage rate rose to 6.32 percent this week, spooking holders of adjustable loans, who want to lock down a fixed rate and get some cash to boot.read
Selling your home? Read these tips With the first stirrings of spring, up crops the urge to sell the house and go forth.read more...
Deal to Buy Mortgage Company Collapses (NYTimes.com via Yahoo! Finance) In a sign of continuing mortgage industry woes, PHH, one of the largest originators of residential home loans, said it is scrapping a planned $1.8 billion sale. .read more...
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April 23rd, 2008
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