As Reinhardt shows, if total output per person continues to rise, the net income available to future Americans will be substantially higher than it is today, even after we subtract the added taxes we will have to pay for Medicare and Social Security. What is crucial in this calculation is the rate of improvement in [...]
LONDON (MarketWatch) - British home sellers dropped their asking price by 1.2% in June as tight credit conditions made it increasingly difficult for buyers to find mortgages, U.K. property website Rightmove said Monday.
Reduced asking prices were virtually inevitable given a rising property-to-buyer ratio of 15 to 1, Rightmove said, in a news release. The ratio [...]
Bankrate: Fixed Mortgage Rates Steady While Adjustable Rates Fall
NEW YORK, May 9, 2008 /PRNewswire-FirstCall via COMTEX/ — Fixed mortgage rates
were largely unchanged this week. The average conforming 30-year fixed mortgage
rate backtracked to 6.13 percent, according to Bankrate.com’s weekly national
survey of large lenders. The average 30-year fixed mortgage has an average of
0.40 discount and origination points.
The [...]
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