Archives for March, 2007
Credit Crackdown Shutting Out Home Buyers
Friday, March 23rd, 2007
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Even before Goodman Griffin and his girlfriend began house-hunting a month ago, they sat down with a mortgage broker and were pre-qualified for the nontraditional loan they needed to purchase the kind of home they wanted.
So it came as a shock when the loan they thought they had was yanked away from them this week [...]
Drought spurs order to shackle sprinklers
Tuesday, March 20th, 2007
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Turn off those sprinklers. Water restrictions are returning to South Florida.
This time, they might be here to stay.
Water managers voted Thursday to impose three-day-a-week limits for sprinklers from Tequesta to the Keys, saying it\’s time for residents and businesses to share the pain of a drought that threatens the region\’s wells and wildlife.
\”Water conservation is [...]
More Growth in Refinancings
Wednesday, March 14th, 2007
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Overall mortgage application volume increased last week despite mixed movement in interest rates, the Mortgage Bankers Association reported today.
The market composite index, a measure of home loan application volume, gained 2.8 percent last week, rising to 690.5 on a seasonally adjusted basis from 671.6 one week earlier.
The index that tracks refinancings posted the strongest growth, [...]
