Inflation fears
send mortgage rates soaring (at MarketWatch)
Mortgage rates spike this week on inflation fears, with the benchmark
30-year, fixed-rate loan soaring more than a quarter percentage point
to a national average 6.63%, its highest level in nearly a year,
Freddie Mac says.
us.rd.yahoo.com |
Mixing Money and
Family
Since mortgages are so hard to get, buyers are turning to their parents
and other relatives to help with down payments and closing costs.
nytimes.com |
The rate cut
mortgage winners and losers
The gap between mortgage winners and losers is at its widest in living
memory with some paying barely no interest and others more than
7%
thisismoney.co.uk |
'Crash slowing'
as house prices rise again
House prices jumped £2,000 during May, according to the
Nationwide, but it warned that it is still too early to say the market
has turned
thisismoney.co.uk |
Housing Agency
Reports a Shortfall in Reserves
The Federal Housing Administration said its financial cushion will sink
below mandatory levels, but officials said the agency won’t
need
to be rescued.
nytimes.com |