Archive for November, 2007
« Previous Entries Next Entries »New Home Sales Report More Upbeat Than That For Existing Homes
Thursday, November 29th, 2007As usual the two monthly reports on home sales -
existing homes and newly constructed houses - were issued in lockstep on
Wednesday and Thursday and while one was loudly proclaimed as an
indicator that things were still getting worse, the second contained a
germ of hope.
Lawrence Yun, NAR chief economists pointed out that
when many of the sales that closed in October were being negotiated the
mortgage problems arising out of the sub prime situation were
peaking. “We continue to see the biggest impact in high-cost markets that
rely on jumbo loans…
Middle Class Taking Financial Beating
Thursday, November 29th, 2007Fewer than one in three middle-class families in America is financially secure, according to a new study.
Todays Current Mortgage Interest Rates November 29 2007
Thursday, November 29th, 2007Today’s Current Mortgage Interest Rates November 29 2007. Fixed mortgage rates are UNCHANGED from Wednesday November 28 2007, while adjustable mortgage rates are UNCHANGED - Today’s 30 Year, is DOWN and 15 Year Fixed are DOWN - while as the 5/1 is UNCHANGED the 3/1 ARM Mortgage Interest Rates is UNCHANGED as well . The 10 year treasury bond is DOWN 3.96%.
Quote of the Day
Thursday, November 29th, 2007“Those people who develop the ability to continuously acquire new and better forms of knowledge that they can apply to their work and to their lives will be the movers and shakers in our society for the indefinite future.”
– Brian Tracy, Author
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Lottery Winner May Become Lottery Loser
Thursday, November 29th, 2007A convicted bank robber could lose his $1 million lottery winnings because he wasn’t allowed to gamble.
Foreclosure Filings Up 2% From September
Thursday, November 29th, 2007Transcript:
focused on that, especially after donald kohn’ s remarks yesterday. we have gdp. it is almost a backwards indicator. people will be watching that. new home sales at 10. (…)
Over 16% of Recent Homeowners Are Under Water
Thursday, November 29th, 2007Over 16% of Recent Homeowners Are Under Water
Home values nationwide have declined 5.7% during the past 12 months, according to Zillow’s Q3 2007 Home Value Report, leaving many recent homeowners with negative equity. (…)
HOUSE PRICES WEAKEN FURTHER IN MOST RECENT QUARTER
Thursday, November 29th, 2007HOUSE PRICES WEAKEN FURTHER IN MOST RECENT QUARTER
First Quarterly Price Decline for U.S. since 1994
Washington , DC – For the first time in nearly thirteen years, U.S. (…)
Pipeline Fire Sends Oil Prices Soaring
Thursday, November 29th, 20073 Guilty Pleas in Kentucky Fraud Scheme
Thursday, November 29th, 2007Edward “Ted” House, Nathan Frisbie and Jerry Crenshaw, all of Louisville, Kentucky, pleaded guilty to conspiracy to commit wire fraud and bank fraud. House pleaded guilty on November 28, 2007. Crenshaw pleaded guilty on October 31, 20…
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