Mortgages and Loans help
WASHINGTON —Rates on 30-year mortgages fell for a sixth consecutive week, providing home buyers with more relief from an earlier rise in rates. Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages dipped to 6.44 percent this week, down from 6.48 percent last week.
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Shares of New Century Financial Corp. and Impac Mortgage Holdings Inc. traded lower Thursday afternoon, after UBS warned the real estate investment trusts face a credit downturn due to the slowing economy and stagnating home values.
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WORCESTER - Lawyer R. Norman Peters, a director of the mortgage company 1-800-East-West Mortgage Co., has agreed to a settlement with the federal government stemming from an investigation of lawyers, appraisers and title companies associated with the Peabody lender.
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Mortgage rates have stabilized. The Fed didn?t raise rates at its last meeting. First-time buyers, who have, as real estate professionals say, been “sitting on the fence” before making their purchase, will now leap at the chance to get a fixed rate.
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A one-time charge for mortgage loan repurchases led H&R Block Inc. to report an even larger loss for its normally slow first quarter.
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Home builders’ housing-affordability index fell to a record low in the second quarter, with only about 40% of new and existing homes sold considered to be affordable.
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If you negotiate a discount prior to the sale of your home, you might be able to convince your agent to take a lower fee. But don’t try requesting a price cut after your property has been sold.
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Hurricane victims looking to rebuild will soon be able to shop for houses at Lowe’s; Habitat for Humanity hopes a fledgling land-donation program will help people get their houses rebuilt; and more.
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FULLERTON This city is the first in Orange County, and possibly in Southern California, to offer online building appointments, according to city building official Hadi Tabatabaee-Pour. The free service allows …
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Among the companies whose shares are expected to see active trade in Friday’s session are Starbucks Corp., H&R Block Inc.
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