Man Pleads Guilty In Sham Homes Sales Conspiracy

Man Pleads Guilty In Sham Homes Sales Conspiracy
Could Get 20 Years For Financial Fraud Get Business Mobile Text Alerts : Text BIZ To 37798 A man charged with running an elaborate conspiracy that arranged sham home sales in eastern Connecticut to swindle millions from mortgage lenders faces 20 years in prison after pleading guilty Tuesday [...]

Interest rate rises hit home sales

Interest rate rises hit home sales
Home buyers are starting to feel the squeeze of successive interest rate rises as work on new houses begins to cool.
Read more on Business Day

Sales of new, existing homes fall 26 percent in W.Pa.

Sales of new, existing homes fall 26 percent in W.Pa.
Sales of new and existing homes fell 26.3 percent during October in the Pittsburgh region compared to a year ago, according to a report released Wednesday.
Read more on Pittsburgh Tribune-Review

Business briefs: Bay Area home sales decline

Business briefs: Bay Area home sales decline
For the fourth consecutive month, San Francisco Bay Area home sales slowed in September at a time when super-low mortgage rates aren’t turning many lookers into buyers.
Read more on The Monterey County Herald

Travelers Raises Forecast as Profit Climbs on Sales Increase

Travelers Raises Forecast as Profit Climbs on Sales Increase
Travelers Cos. , the insurer added to the Dow Jones Industrial Average in 2009, raised its full-year forecast after third-quarter profit rose on an increase in sales.
Read more on Bloomberg

Sales of U.S. New Homes Lower Than Forecast in August

Sales of U.S. New Homes Lower Than Forecast in August
Fewer U.S. new homes than forecast were sold in August, signaling the housing market remains depressed even as mortgage rates dropped.
Read more on BusinessWeek

Where the sales are

Where the sales are
News of a recent 27 percent drop in housing sales in July has captured headlines across the country and painted a gloomy outlook for the nation’s economic recovery, but the news is not all doom and gloom for every part of the country.
Read more on Fort Bend Sun

Mortgage rates at record lows: Refinances are up. Sales are not.

Mortgage rates at record lows: Refinances are up. Sales are not.
Mortgage rates at 4.4 percent could bring new wave of refinancing, easing some strain on family budgets. Low rates also make homebuying more attractive. The catch: All this is if you qualify.
Read more on The Christian Science Monitor

Current Mortgage Rates and How They Affect Home Sales

There are a variety of factors that affect mortgage rates. Mortgage rates are tied to the fed rate, but they are also affected by supply and demand. At a time that home sales are high, mortgage rates may creep up, while sluggish home sales may prompt financial institutions to cut mortgage rates. Because the majority [...]

Mortgage rates hit record low as home sales slump

Mortgage rates hit record low as home sales slump
U.S. mortgage rates have fallen to a record low, reducing borrowing costs for home buyers as sales slump after the expiration of a government tax credit. Rates for 30-year fixed loans declined to 4.69 percent this week from 4.75 percent, mortgage finance… Mortgage – United States – [...]

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