Mortgage delinquencies level off The percentage of homeowners who are behind on their mortgage payments inched higher in the first quarter while the number of new foreclosures declined, a lobbying group for the home-lending industry says. “Overall, it’s a picture of the market on… Read more on Los Angeles Times
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Report: March housing activity at highest level since 2006
Report: March housing activity at highest level since 2006 The Washington region’s housing market this spring is positioned to have an even stronger performance than last year — and that’s without the help of a federal tax credit to drive up sales. Early numbers are reminiscent of the boom years as the 5,432 pending home [...]
Recession hurts governments’ deposit interest: Earnings at lowest level in years.
Recession hurts governments’ deposit interest: Earnings at lowest level in years. SOUTH BEND — The recession’s record-low interest rates and sluggish demand for investments dug into the interest income local governments earned last year on their bank deposits. Read more on South Bend Tribune
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Average rates for fixed mortgages fall to 4.49 pct., lowest level on record
Average rates for fixed mortgages fall to 4.49 pct., lowest level on record WASHINGTON – U.S. mortgage rates dropped to the lowest level on record for the sixth time in seven weeks, offering the most attractive opportunity Read more on Canadian Business
AMP cuts rates on entry level mortgages
AMP cuts rates on entry level mortgages A stronger securitisation market has enabled AMP Bank to lower interest rates on entry level home loan products after hiking mortgage rates earlier this month. Read more on Brisbane Times