Today’s News Synopsis: Housing starts showed disappointing numbers last month with a 5.8% drop from February. The Lender Processing Services reported more short sales than foreclosures with banks agreeing to sell houses below the mortgage amount. Housing permits increased 4.5% last month, bringing them to their highest level in four years. In
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Posts Tagged ‘MarketWatch’
April 17th, 2012
January 28th, 2011
The Commerce Department said GDP growth increased 3.2% in the 4th quarter of 2010. Freddie Mac reports 30-year mortgage rates averaged 4.8% this week. A representative of the Federal Reserve Bank of New York expects the foreclosure process to continue to weaken the economy for the rest of the year.