Rates on 30-Year Mortgages Drop for 3RD Week Rates on 30-year mortgages fell for a third consecutive week as bond investors focused on a number of economic reports signaling a slowing economy.via
EU Leaders Warn on Euro "The European Commission is considering we could have growth of 1.8 or 1.9 percent." The European Commission may cut its growth forecast for the euro zone economy this year,
Stocks open higher, ignoring poor US lead The Australian share market opened lower this morning on the back of a weak lead from Wall Street on Friday.Commentread more...
Police: Beware of driveway/home repair scams If a proposal to redo your driveway or fix your house cheaply is too good to be true, it probably is, a Fond du Lac County Sheriff's Department official says.read
Answer Desk: Why are mortgage rates jumping? (MSNBC) If the Federal Reserve is busy cutting interest rates, why are mortgage rates jumping? The Answer Desk, by msnbc.com's John W. Schoen. read more...
Hedge funds getting into the mortgage business (Austin American-Statesman) Guess who holds your mortgage now? It's your friendly neighborhood hedge fund.read more...
Gross mortgage lending slumped by more than a third in the year to June as the rate of house price growth slowed from 3 per cent to 0.6 per cent. The Council of Mortgage Lenders (CML) said today that gross mortgage lending in June fell to £23.6 billion, down by 4 per cent on May.
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