Reuters - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
AP - Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.
We have prepared for you an "accountancy based balance sheet" regarding Cyprus future in terms of real estate development. This is a road map of "things to be done", in order to offer some sort of hope, but at the same time, not to dream that everything is OK. Cyprus being such a small economy, little things, make the economy turn around (our reservations on the handouts of money to all sorts of people by this Government has been criticised in a previous article of ours).
We are afraid that we are at a loss to what is happening in the Cyprus property market, regarding new developments. Following the Qatar deal and its approval by the House, all sorts of new projects are being announced almost every week, of multi million euros worth.
The fact that the average house prices have fallen considerably since the 2009 reductions because of the World downturn in the economy. Now in mid-2010 due to this drop, there are now people switching their focus on entering the marketplace for property.
AP - Interest rates fell again in the Treasury market, sending the yield on the two-year note to another record low, after a sharp drop in sales of existing homes added to worries about the economy.
AP - Interest rates fell again in the Treasury market, sending the yield on the two-year note to another record low, after a sharp drop in sales of existing homes added to worries about the economy.
AP - Home sales in California plummeted 21.9 percent last month for the largest year-over-year drop in more than two years, a tracking firm reported Thursday.
AP - Home sales in California plummeted 21.9 percent last month for the largest year-over-year drop in more than two years, a tracking firm reported Thursday.
AP - RATES SINKING: The average rate for 30-year fixed loan fell this week to 4.42 percent, mortgage buyer Freddie Mac said. Analysts say they could dip below 4 percent if the economy worsens.
Thursday, September 2, 2010
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