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New index to track mortgage affordability (RTÉ News) A new index shows that first time buyer couples nationally are spending an average 27% of their income on their mortgage repayments. According to the new Affordability Index from EBS
Home loan applications slow Borrowers pass up bargain 30-year rate Although the 30-year fixed mortgage rate dropped to its lowest level since January, overall mortgage applications last week were down 3.7 percent on a
School budget's largest boost to aid construction The proposed budget, which has $260-million for improvements in the midst of an aggressive building program, is tentatively approved.read more...
Regulator protests Fannie, Freddie appraisal deal The regulator who oversees national banks is protesting an agreement by Fannie Mae and Freddie Mac to stop buying mortgages that use lenders' in-house appraisers, a pact intended to protect
Early mortgage payment could cut tax bill Make your January mortgage payment by Dec. 31 and you'll have extra interest to deduct on your upcoming tax return.read more...
Subprime Mortgage Derivatives Extend Drop on Moody's Reviews (Bloomberg.com) Feb. 22 (Bloomberg) -- The perceived risk of owning low- rated subprime mortgage bonds rose to a record for a fifth day after Moody's Investors Service said it may cut