Mortgages and Loans help
H&R Block Inc. , the largest U.S. tax preparer, on Thursday said its quarterly loss nearly doubled, and was larger than analysts expected, as the struggles of its mortgage lending arm worsened.
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Rates for 30-year mortgage rates averaged 6.14% for the week ended Thursday, the lowest since 6.12% at the end of January, Freddie Mac said Thursday. They averaged 6.18% last week.
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The average rate on a 30-year fixed- rate mortgage in the U.S. slipped to a 10-month low of 6.14 percent this week, according to Freddie Mac.
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Continued weakness in its mortgage division caused H&R Block Inc.’s deeper second-quarter loss and lower revenue compared with the same period last year.
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The clatter, clank of a backhoe … the rap-rap-rap of hammers and nail guns … the whine of an electric saw.
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By Jessie Ho STAFF REPORTER Friday, Dec 01, 2006, Page 12 Facing a slack market yet stronger competition, Far Eastern Geant Co , the nation’s third-largest hypermarket chain, plans to expand its shopping-mall …
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The chief executive of Mack-Cali Realty Corp. said Thursday his company agreed to contribute $400 million in cash to be a full partner with Carl Icahn and Harry Macklowe in their bid to buy Reckson Associates …
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Construction spending in the U.S. fell by the most in five years in October, led by a plunge in home- building, a government report showed.
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H&R Block Inc. lost $156.5 million during its second quarter, nearly twice its loss a year earlier primarily because of weaker results in its mortgage business.
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Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the lowest level since January.
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