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07/20/2007 Renters Lose More Ground
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In the vast majority of markets tracked by RealFacts, renters who didn't lock in rents for the long term are now pinned squarely behind the eight ball with little room to maneuver.
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07/20/2007 Mortgage Rates Show Mixed Results This Week
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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 6.73 percent with an average 0.4 point for the week ending July 19, 2007, unchanged from last week. Last year at this time, the 30-year FRM averaged 6.80 percent.
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07/19/2007 Standard & Poor's downgrades $3.8 billion in second loans
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A week after downgrading $6.39 billion in mortgage-backed securities backed by first-lien subprime loans, Standard & Poor's Ratings Services says it's downgrading $3.8 billion in securities backed by second mortgages.
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07/19/2007 Realogy shrinks newspaper ad spend
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Richard A. Smith, president of Realogy Corp., the largest brokerage company in the U.S., dropped a bomb on the newspaper industry this week when he told Bloomberg News that the Coldwell Banker and Century 21 branding budgets for newspapers will shrink by as much as two-thirds next year from 2006.
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07/19/2007 Foreclosures become breeding grounds for mosquitoes
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Foreclosed homes don't just depress prices in their surrounding neighborhoods -- they are a public health threat, according to officials in Contra Costa County east of San Francisco.
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07/19/2007 Economy downshifts in June
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The economic outlook soured in June on news that building permits hit a 10-year low and jobless claims rose, The Conference Board reported today.
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07/19/2007 Mortgage rates stuck in narrow range
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Mixed economic indicators caused long-term mortgage rates to move sluggishly this week, according to surveys conducted by Freddie Mac and Bankrate.com.
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07/19/2007 Stewart Title accused of hiring unlicensed title examiners
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Stewart Title Guaranty and a subsidiary, Electronic Closing Services, have agreed to pay $1.5 million to settle allegations by California regulators that they hired an unlicensed company to help prepare more than 2,000 title insurance policies.
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07/19/2007 Overnight real estate rates still sluggish
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Long-term mortgage interest rates were mostly flat again Wednesday, and the benchmark 10-year Treasury bond yield dipped to 5.03 percent.
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07/19/2007 Blogger Renaissance the new Summer of Love
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Forty years ago this summer about 100,000 young people from around the world flocked to San Francisco's Haight-Ashbury district to join in a cultural experience known as the "Summer of Love."
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