• Minorities to Pay High Rates, According to Study
Turks.US - Home buyers, whether black or Hispanic, are more likely to pay high mortgage rates than white borrowers with similar credit ratings and income levels. An advocacy group found these observat (full story)
• Mortgage Rates Top 8% as seen by US Homeowners
Turks.US - U.S. homeowners observe mortgage rates have the potential to rise above 8% in the next year. However, they are not worried that higher rates and a slowing housing market will hurt the value (full story)
ARMing yourself not a good idea
Biloxi Sun Herald - W ith interest rates rising, fewer people are applying for new mortgages - just as you'd expect. But here's a worrisome surprise: More of the applicants are seeking adjustable-rate (full story)
Mail-order housing
Montana Standard - Sometimes we drive down the Interstate in early summer and pass open fields. By fall, the fields might be full of new houses. New houses are always expensive and usually large, but (full story)
MARKET ROUNDUP
Centre Daily - NEW YORK -- Wall Street struggled to the finish Friday, closing out the week barely changed after a steep dip in monthly job growth left investors confused about the economy's health. T (full story)
Sales of New Homes Jump Unexpectedly
WISH-TV - Sales of new homes rose unexpectedly in April to the fastest pace this year as the housing sector showed resilience in the face of rising mortgage rates. But the price of homes sold last mon (full story)
Stocks drop as oil rises
Allentown Morning Call - Stocks had their biggest loss since January after Federal Reserve Chairman Ben S. Bernanke was interpreted to suggest interest rates may keep climbing as the economy slows. Sh (full story)
US luxury homeowners still add property - Coldwell
Reuters - NEW YORK (Reuters) - U.S. mortgage rates are at four-year peaks and climbing, cooling a torrid housing market from five years of record sales, but high-end households are still pumping money (full story)
• Minorities to Pay High Rates, According to Study
Turks.US - Home buyers, whether black or Hispanic, are more likely to pay high mortgage rates than white borrowers with similar credit ratings and income levels. An advocacy group found these observat (full story)
• Mortgage Rates Top 8% as seen by US Homeowners
Turks.US - U.S. homeowners observe mortgage rates have the potential to rise above 8% in the next year. However, they are not worried that higher rates and a slowing housing market will hurt the value (full story)
ARMing yourself not a good idea
Biloxi Sun Herald - W ith interest rates rising, fewer people are applying for new mortgages - just as you'd expect. But here's a worrisome surprise: More of the applicants are seeking adjustable-rate (full story)
Mail-order housing
Montana Standard - Sometimes we drive down the Interstate in early summer and pass open fields. By fall, the fields might be full of new houses. New houses are always expensive and usually large, but (full story)