Mortgage Rates Rise Above 5 Percent
Thursday, March 17th, 2011Rates on 30-year fixed mortgages rise above 5 percent this week
Greenspan Sees Economy and Job Growth Gaining Momentum
Thursday, March 17th, 2011Former Federal Reserve Chairman Alan Greenspan said Sunday that apart from the housing and commercial real estate markets, the economy is “showing some buoyancy,” and he expects the pace of job creation to pick up.
Pending Sales of Existing Homes in U.S. Rose 5.3% in March
Wednesday, March 16th, 2011More Americans signed contracts in March to buy previously owned homes before the expiration of a tax credit that helped support the housing market.
Mortgage lending: tight for some
Wednesday, March 16th, 2011Today’s figures from the Bank of England show that mortgage lending is still very depressed. In March net mortgage lending, at a mere £318m, was actually lower than unsecured lending (£325m). This is only the fourth month this has happened since records began in 1993. In 2006-07, mortgage lending averaged £9.13bn a month, eight times [...]
Hung Parliament Means Fix Mortgage Rate Now!
Wednesday, March 16th, 2011Despite a small recovery in the housing market over the months prior to the general election, many industry experts are warning of a sharp halt to this as a result of a hung Parliament.
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