Thursday, August 21, 2008

Reo tapes - Mortgage Rates for Best Borrowers Rise as Home-Loan Bonds Slump - Bloomberg

Aug. 21 (Bloomberg) -- A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default. Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years www.bankreopropertydeals.com

WASHINGTON (AP) _ Troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to www.bankreopropertydeals.com

A planning consultant told the Economic Development Commission Wednesday it would cost between $4 million and $7 million to clean and demolish the vacant Triangle Wire & Cable property. That’s more than its current value. Humbert V. Sacco Jr www.bankreopropertydeals.com

Aug. 21 (Bloomberg) -- A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default. Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years www.bankreopropertydeals.com

My husband and I are looking to buy our first house. We know that the market is really difficult for buyers and sellers alike. My question is, are there any programs out there for first time homebuyers with not so perfect credit? Is there anything www.bankreopropertydeals.com

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