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Mortgage Rates Up For 5 Consecutive Weeks- Bankrate Print E-mail
Wednesday, 03 May 2006

 Fixed mortgage rates have increased again. Fixed mortgage rates increased with the average 30-fixed rate mortgage. Bankrate.com reported on its weekly national survey of large lenders that the fixed mortgage rates reached 6.64%.

On the other hand, the average 15-year fixed rate mortgage hit 6.27%. The average jumbo 30-year fixed mortgage rate hit 6.83%. Previously, it was only 6.78%. The adjustable rate mortgages haves also shown signs of increase.

Last Updated ( Wednesday, 03 May 2006 )
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Fake real estate agent cons minorities Print E-mail
Friday, 14 April 2006
A woman from Austin, Texas, promenading as a real estate agent has reportedly conned a number of prospective buyers, particularly those belonging to minorities.  Myra Trevizo, 44, was corralled by the police and is being charged with five counts of theft.
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Google boosts sales arm by hiring Local Ad exec Print E-mail
Friday, 14 April 2006

 Google has injected more life into its sales organization by adding Sam Sebastian, a longtime executive with Classified Ventures, effective April 17.

"We are excited to have Sam Sebastian join our team as we continue to build our bench of talented leaders in our sales organization," said a Google spokesperson in a statement.

Last Updated ( Friday, 05 May 2006 )
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Miami development deal fails to close Print E-mail
Friday, 14 April 2006

The Related Group of Florida, a Miami-based developer of high-end condominiums, has backed out of a partnership that would have spearheaded a Southbank development.

Stevan Pardo, a partner in Riverwalk Hotels LLC, announced that Related Group will no longer pursue the partnership on the planned 2,000 unit mixed-use development in the San Marco Riverfront Village. 

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Real Estate Mortgages Dropping as Rates Increase Print E-mail
Thursday, 13 April 2006
Real estate mortgages dropped 5.5% in the week ending April 7th, 2006.  This 5.5% is down from the previous week.

ON a seasonally adjusted basis, applications to purchase homes dropped 4.7%, and refinancing applications were down 6.6%
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Higher rates cause U.S. mortgage applications to fall Print E-mail
Thursday, 13 April 2006

 The Mortgage Bankers Association's index of applications to buy a home or refinance an existing mortgage declined 5.5 % to 579.4 from 612.8 a week earlier. The gauge of applications to purchase homes dropped 4.7 % to 417.7. The Mortgage Bankers Association's index of applications to buy a home or refinance an existing mortgage declined 5.5 % to 579.4 from 612.8 a week earlier.

Last Updated ( Wednesday, 03 May 2006 )
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