Interest rate rise hits home buyers Housing affordability is set to plunge to its worst level for 15 years by the end of 2006 if interest rates are increased, figures have shown.read more...
MGIC earnings drop in first quarter (Reg Req'd) Losses at home-loan insurer grow 14% MGIC Investment Corp. reported first-quarter-2006 net income of $163.5 million, down 10.2 percent from $182 million earned in the same quarter a year ago.read
Revenue looking at stamp duty housing issue The Government has discounted reports that the Revenue has decided to impose stamp duty on first-time home buyers whose relatives help them with the deposit.via
Mortgage applications edge higher, rates plunge (Reuters via Yahoo! News) Mortgage applications barely advanced last week even as interest rates sank to their lowest levels since May, an industry group said on Wednesday, largely reflecting the increasing difficulty borrowers
BofA to exit wholesale-mortgage business (BizJournals) Bank of America Corp. will exit its consumer wholesale-mortgage business, a move that will eliminate 700 jobs. (BAC)read more...
In Yacht Haven Estates, A Place to Drop Anchor Boats are nearly as popular as cars in Yacht Haven Estates, a quiet neighborhood about two miles south of Mount Vernon in Fairfax County. read more...
Smiles to bravery in military service. Mario Mottu Jr., 23, of Gonzales, received notice Sunday that he is to be awarded the Purple Heart for serving in the war in Iraq.
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