Main Menu
Home
News
Contact Us
Search
News Feeds
Articles
Financial News
Real Estate News
Directory

Mortgage Rates


Home
Mortgage applications continue declining as housing slowdown
Tuesday, 05 September 2006
NEW YORK - U.S. mortgage applications fell for the first time in four weeks as demand for home purchase loans dropped to the lowest level in nearly three year.    The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and purchasing loans, for the week ended Aug. 25 decreased 0.9 percent to 556.5 from the previous week’s 561.5, nearly 23 percent below their year-ago level.
Read more...
 
Mortgage rates slump for the sixth week
Tuesday, 05 September 2006
WASHINGTON - 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.  Rates on 30-year mortgages fell for the sixth consecutive week, providing home buyers with more relief from an earlier rise in rates.
Read more...
 
Real Estate sales depend on Healthy Waters
Monday, 04 September 2006
As population continues to slump it's important to learn about how to choose a well-water property when you don't have city services.   When choosing a piece of property with a well on it, the first thing you should have your buyer do is to get an independent, certified laboratory to test the water before the sale is final.
Read more...
 
Protections for Mortgage Applicants were stalled key Consumer Protections by Federal Agencies
Monday, 04 September 2006
That congressional mandate, part of the Fair and Accurate Credit Transactions Act of 2003, is now the law of the land which notifies buyers whenever sellers price higher. But virtually no lenders comply with it because two federal agencies have not yet issued regulations telling them how to do it.   The 2003 law directed all lenders to issue "risk-based pricing" notices to applicants whenever negative information in their credit files leads to rates or fees that are "materially less favorable" than the terms available to other applicants.
Read more...
 
Creative Financing seen as a Wrap-Around Mortgage
Monday, 04 September 2006

In a slow real estate market, sellers, potential buyers and real estate agents begin to think about creative financing or known as a "wrap-around" (wrap) mortgage.

This works when, for instance, you want to sell your house for $500,000 and have an existing mortgage loan in the amount of $200,000, with an interest rate of 5 percent.

Read more...
 
A Look at the Local Real Estate Business after a year of Storm
Monday, 04 September 2006
Real estate practitioners who work in some of the most heavily damaged neighborhoods struggled in the aftermath of Katrina, not selling a single home in the first few months after the storm. In contrast, regions close to the affected areas saw an immediate boost in sales activity. Hurricane Katrina have devastated the Gulf Coast causing billions of dollars in damage of more than 200,000 homes along Mississippi, Louisiana and Alabama coasts. 
Read more...
 
Real estate industry are shaken up by Internet brokers
Monday, 04 September 2006
The Internet has radically changed the way consumers buy books and airline tickets, trade stock and learn news. But the real estate industry has resisted change and protected its commission structure by controlling the information on its Multiple Listing Service database of properties for sale.
Read more...
 
Commercial real estate shows continuing strength
Monday, 04 September 2006
Occupancy at Reckson's complexes recently hovered around 94 percent as major corporations signed leases at renewal rents up to 12.5 percent higher than older leases.
Chief Executive Officer Scott Rechler recently boasted of record leasing activity at Reckson Associates Realty Corp., a major office landlord in Westchester County and the New York metropolitan region.  Investors have taken notice of the favorable trends at Reckson's 20-million-square-foot portfolio that features about 100 office and industrial properties. The company's stock is up 33 percent during the past year.
Read more...
 
Senators urge to set criteria for real estate agents
Monday, 04 September 2006

Five years of local experience should be a prerequisite for granting a license instead of a minimum three years as stated in the Bill.

Justice of Peace and Commissioner of Oaths should not be permitted to witness or give advice on legal documents in real estate matters as this should be witnessed by solicitors only, Mr Ricketts said.

Read more...
 
Real Estate affected by Lawmakers’ choices
Monday, 04 September 2006
Creel and company were tracking 96 bills that could have an impact on the real estate industry either directly or indirectly. Lobbyists packed the state Capitol last week, crowding corridors as they squatted near the offices of legislators, hoping to appeal to their good senses.
Read more...
 
CBN Plans $2B African Finance Corporation
Saturday, 02 September 2006

The Central Bank of Nigeria (CBN), has said it was promoting the establishment of an African Finance Corporation (AFC), which will be capitalized to $2 billion.  It said it would provide $500 million of the total capitalisation for the Corporation.

 
Read more...
 
Finance Ministry to fight School Programme
Saturday, 02 September 2006
DR. Amoakoh Tuffour, Chairman of the Ghana School Feeding Programme, has given an ultimatum to the Minister of Finance and Economic Planning, Kwadwo Baah Wiredu, to as quickly as possible make available funds for the school feeding programme and that failure to do so would receive the wrath of the secretariat .   
Read more...
 
The right figure needed to draw big businesses
Saturday, 02 September 2006
"What happens here, stays here" is the most successful marketing campaign in Las Vegas tourism history. The topic came up last week during the private two-day roundtable that brought together developers, brokers, elected officials, planners, bankers and academics eying solutions to the well-chronicled problems faced by office and industrial developers.
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>