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03/30/2007 Bernanke's take on economy
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Upward pressure continues on long-term rates: the 10-year T-note at 4.65 percent has jumped the March range, and mortgages are at risk to lose the 6.25 percent level.
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03/30/2007 Residential construction spending drops for 11th straight month
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The rate of residential construction spending in January fell 15.1 percent in February compared to the same month last year, the U.S. Census Bureau announced today. It was the lowest rate since June 2004, and the 11th consecutive month of decline.
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03/30/2007 Shareholders approve Realogy buyout
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Realogy Corp. today announced that its shareholders approved the company's acquisition by an affiliate of private-equity firm Apollo Management L.P. in a deal worth about $9 billion.
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03/30/2007 Renting the beach house
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03/30/2007 Beazer Homes subpoenaed by U.S. Attorney's Office
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Beazer Homes USA Inc. said Thursday it has received a grand jury subpoena from the U.S. Attorney's Office in the Western District of North Carolina seeking documents related to the company's mortgage origination services.
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03/30/2007 House committee approves GSE reform bill
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A bill intended to prevent a repeat of the accounting and management scandals that shook Fannie Mae and Freddie Mac has been approved by the House Financial Services Committee, with a provision to create a $500 million-a-year affordable-housing fund intact.
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03/30/2007 Uptick in overnight real estate rates
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Long-term mortgage interest rates were up Thursday, and the benchmark 10-year Treasury bond yield rose to 4.64 percent.
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03/30/2007 Lend an ear, save your career
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03/30/2007 Realogy buyout decided on today
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Realogy shareholders are scheduled to vote this morning on whether to approve a buyout deal worth about $9 billion by an affiliate of private equity firm Apollo Management L.P.
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03/30/2007 Conflicting Information Keeps Mortgage Rates Low
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McLEAN, VA -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.16 percent with an average 0.4 point for the week ending March 29, 2007, unchanged from last week when it averaged 6.16 percent. Last year at this time, the 30-year FRM averaged 6.35 percent.
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