Posts Tagged ‘home’

After years in camps, thousands of Nepal’s ex-fighters leaving for home

Anil Giri – AHN News Correspondent Kathmandu, Nepal (AHN) – Six years after the end of a decade-long armed conflict, Nepal’s ex-Maoist fighters who have been languishing in various satellite camps have begun leaving their cantonments. The process started Friday in the three major camps–Sindhuli, Chitwan and Nawalparasi–and was scheduled to begin in the other [...]

Mortgage rates hit another record low

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Rates for U.S. 30 year mortgages dropped to the lowest level on record as the number of homeowners seeking to reduce their monthly payments soared. The average rate for a 30-year fixed loan for the week ending Jan. 19 fell to 3.88 [...]

S&P index says home prices down for sixth straight month

Linda Young – AHN News Writer Washington, DC, United States (AHN) – U.S. residential house prices dropped by 1.2 percent in October compared with September, according to the S&P/Case-Shiller 20-city index. In addition, S&P/Case-Shiller issued a negative outlook for housing prices. “There was weakness in the monthly statistics, as 19 of the cities posted price [...]

Mortgage rates fall to historic lows once again

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – How low can they go? That is the question many people are asking after the average rate on 30-year fixed mortgages hit new lows again for the week ending Dec. 22. The average rate on 30-year fixed mortgages fell to a record [...]

Israel faces housing bubble – or bust, OECD warns

The Media Line Staff Jerusalem, Israel David Rosenberg (The Medi – Home prices – an anxious subject for both Israeli consumers and policy makers as they first raced higher and then suddenly started to sink – remain a threat to the economy, the Organization for Economic Cooperation and Development (OECD) warned on Monday. Although the [...]

Fixed mortgage rates stay low

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The average rate on the 30-year fixed mortgage stayed near its record low for the sixth consecutive week. But, the historically low rates have done little to goose the ailing housing market. On Thursday, mortgage giant Freddie Mac said the rate on [...]

Alabama law against illegal immigration suffers setback

Tom Ramstack – AHN News Legal Correspondent Washington, DC, United States (AHN) – A federal judge’s decision this week to block part of a tough Alabama law against illegal immigration is casting doubt on whether the law will survive a court challenge. A judge issued a temporary restraining order against part of the law that [...]

Fannie Mae says it needs $7.8 billion in U.S. aid

Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – First Freddie, now Fannie. Fannie Mae, the Washington based mortgage finance company, reported a wider loss in the third quarter on Tuesday and said it needs $7.8 billion more in U.S. assistance. Fannie posted a net loss of $5.1 billion in the third [...]

U.S. lawmakers aim to lure foreigners to buy American homes

Diane Alter – AHN News Reporter Washiington, DC, United States (AHN) – The ailing housing market in the United States has not been able to recover even with historic low interest rates, bargain-hunting American consumers or U.S. government intervention. So, the Senate is proposing a bill that would give foreigners a part in bailing out [...]

U.S. foreclosures up 14 percent in latest quarter

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Market researcher RealtyTrac reported Thursday that the number of U.S. homeowners receiving first-time default notices rose 14 percent from July to September. First-time default notices are the first step in a process that leads to repossession. The increase is a sign that [...]

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