Interest-only adjustable-rate home loans stir concerns Fannie Mae, the biggest buyer of U.S. mortgages, is concerned that a rise in the use of interest-only adjustable-rate home loans by "less sophisticated" borrowers may result in credit problems
Mortgage rates down again this week (Bankrate.com via Yahoo! Finance) Mortgage rates fell this week on signs that the housing economy continues to stall and inflation poses little threat.read more...
Church opens new shelter In the wake of all the destruction caused by Hurricane Katrina, victims have been left with the struggle to build a new life for themselves and their families.read more...
Rates on 30-year mortgages drop to lowest level in six weeks Rates on 30-year mortgages fell this week to the lowest level in six weeks. The mortgage company Freddie Mac reported on Thursday that 30-year, fixed-rate mortgages averaged 6.22 percent this
Search For Bank Robber Leads Police To Home Improvement Store Chapel Hill police evacuated a home improvement store Thursday afternoon after they say a man robbed a nearby bank and fled with an undisclosed amount of money.read more...
Crisis a 'nuclear issue' John Wiseman considers those three words the mantra for what he hopes legislators achieve during their ongoing special session to discuss the property insurance crisis.Commentread more...
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