New York manufacturing picks up but China sells U.S. debt
Thursday, March 17th, 2011A regional U.S. manufacturing gauge published Monday hit its highest level since October, but also suggested a rebound in that sector might run out of momentum.
BofA to start reducing mortgage principal
Thursday, March 17th, 2011Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure.
Use Low Rate Mortgage to Maximize Home Purchase, Says Informa Research Services
Thursday, March 17th, 2011According to recent reports, mortgage rates have fallen for the first time in over a month. After jumping significantly a few weeks ago, they have now retreated back to record low levels, which could benefit first time home buyers and others who are in the market to purchase.
A Surprise Tax Hit on Foreclosures
Wednesday, March 16th, 2011For People Who Lose or Walk Away From Their Homes, A Big Tax Bill May Loom.
Tax-credit deadline passes, mortgage applications swoon
Wednesday, March 16th, 2011You didn’t need to wait long for a sign of what the end of the home buyer tax credit program means: Mortgage applications by buyers fell 27 percent last week — following a 10 percent drop the week before — to their lowest level in 13 years.
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