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Real estate rates slide for third week Mortgage rates fell for the third consecutive week as inflation concerns eased, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year, fixed-rate mortgage averaged
GMAC plans to cut 5,000 jobs at mortgage unit (International Herald Tribune) The job cuts at GMAC's Residential Capital mortgage unit will affect about 57 percent of ResCap's work force in the United States. GMAC also said it will close all 200
On threshold of a dream For some, having two bathrooms in your home is a simple pleasure. For Nicole Finley, it means no more sharing with sons who always leave the toilet lid up.read more...
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Democrat Barack Obama’s campaign criticized John McCain’s mortgage bailout plan Wednesday, saying it would cause the government to lose money by paying too much for bad loans.
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