Rising mortgage rates fail to cool hot market (Reg Req’d)
Mortgage rates around the country rose this week but remain at a level that should continue to support the buoyant housing market.
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Housing Starts Tumble in State Housing starts dropped sharply in November in most of the state's major metropolitan areas, led by steep declines in single-family home construction, the California Building Industry Assn.read more...
Mortgage Rates 2nd-Lowest Of Year (Hartford Courant) Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second-lowest level of the year, pushed down by further signs of economic weakness. read
Nonprofit center sells surplus building items (Reg Req'd) Discarded building materials will be converted into homes for low-income families with help from a home-improvement discount shop and warehouse distribution center that opened Saturday in Corona.read more...
GM's Lutz says mortgage 'meltdown' hits auto sales (Reuters via Yahoo! News) The crisis in the U.S. mortgage market has hurt U.S. auto sales this month, a senior General Motors Corp. executive said on Monday in one of the highest-profile warnings
Specialist Gets Eight Months for Hacking Associated Press Specialist Gets Eight Months for Hacking 04.25.2005, 10:01 PM A former Los Alamos National Laboratory computer specialist was sentenced to eight months in prison Monday for hacking into
Mortgage brokers urge customers to lie about salary to get huge home loans (Daily Mail) House buyers are being encouraged to lie about their finances in order to qualify for supersize mortgages that are up to eight times their salary. The scam, which is being