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Reverse Mortgage Rates Newsreverse mortgage ratesNEW YORK, Jan 8 (Reuters) - The average interest rate on 30-year U.S. fixed-rate mortgages dropped to a 38-year low of 5.01 percent in the latest week, after the Federal Reserve launched its mammoth plan to lower home borrowing costs, Freddie Mac ... Read moreCORRECTED - UPDATE 2-US mortgage rate drops 10th week, to record low - Reuters UKRep. Dennis Cardoza, D-Atwater, has a plan to reverse the housing crisis and boost the economy: a 4 percent interest rate on fixed-rate, 30-year loans for all current homeowners and qualified buyers of foreclosure properties. Under his newly proposed ... Read moreCardoza proposal could aid housing crisis - RecordCNN's Christine Romans and Fortune Managing Editor Andy Serwer dig into what could be one of the biggest financial scandals of all time. NEW YORK (CNNMoney.com) -- There is no longer any doubt about the biggest problem facing the economy: the job ... Read moreGet ready for more pain ahead - CNN MoneyJust like the FDIC, the Federal Reserve and Treasury pushed weaker banks into the hands of stronger banks. Now they are no trying to move houses from weaker (read defaulted) borrowers to the strongest borrowers. Treasury Secretary Paulson has placed ... Read moreFed Pushes Housing into Stronger Hands - Seekingalpha.comWe have reached this point in America. Once, we rounded $9.99 up to $10. Now, we round $775 billion up to $1 trillion. So rather than talk about the two-year, $775 billion stimulus package that Barack Obama laid out yesterday, we call it the $1 ... Read moreObama knows where he wants to take U.S. - Washington ExaminerReal estate broker Adam Modlin stands inside his recent sale, 8 East 62nd st. The number of closings for Manhattan homes dropped 34% from last quarter, according to a new study by Streeteasy. This is the sharpest decline since 2005, when Streeteasy ... Read moreStreeteasy study finds home sales in Manhattan drop 34% - New York Daily NewsRALEIGH, N.C. — The president of Raleigh-based Stock Building Supply said the housing slump is having trickle-down effects among building supply companies, which are increasing layoffs. The North Carolina Home Builders Association is pressing its ... Read moreHomebuilders make argument for federal aid - WRALThese are the personal views of Peter Morici, a professor at the University of Maryland's Robert H. Smith School of Business and former chief economist at the U.S. International Trade Commission: Today, the Labor Department reported the economy lost ... Read moreDown 524K Jobs In December, US Economy Is In Depression - CattleNetwork.comEven as Federal Reserve officials slashed their key interest rate to a record low and pledged to use other unconventional tools to fight the worst financial crisis since the 1930s, they still feared the economy would be stuck in a painful rut for ... Read moreFederal Reserve: Economic woes will last despite record-low interest ... - Grand Forks HeraldBritain's manufacturing industry is in its worst decline for almost 30 years, US unemployment is at its highest level for more than 15 years and Europe's recession is rapidly catching up with the rest of the world's, according to data revealed today ... Read more |
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