Housing Market Cooling Down
Mortgage Applications Bounce Back
Mortgage Applications
Housing Market Falling
Housing Market
Interest Rates – The Fed Pauses
Interest Rates
Homeownership Act Lowers Down Payments
The House passed the “Expanding American Homeownership Act” of 2006, which lowers down payment requirements for Federal Housing Administration (FHA)-insured loans. The bill now awaits Senate action.
Mortgage Applications Hit Four-Year Low
U.S. mortgage applications sank to their lowest level in more than four years, as home purchase loan demand tumbled for the third straight week.
Condo Projects Sales Slowing Down
More and more developers are canceling or delaying condominium projects as home sales slow, construction costs soar and lenders balk at financing units that might not sell.
Real Estate News – August 2006
Our August 2006 Newsletter is now up.
Fall of Mortgage Rates
Mortgage rates are headed into hibernation until the next Federal Reserve rate-setting meeting.
New Home Sales Fall
WASHINGTON (Reuters)
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