Friday, July 13, 2012
Thursday, July 12, 2012
Mortgage rates fall to new lows 30-year loans averaging just above 3.5%
Interest rates fell to new
historic lows this week for both 30- and 15-year fixed-rate home loans.
30-year fixed rate loans now averaging just above 3.5
percent, Freddie Mac reported today.
Average interest rates on
15-year fixed-rate loans also dropped this week to new lows to 2.86 percent
after being at 2.89 percent the week before, Freddie Mac said. The 15-year
fixed rate loan has average below 3 percent for seven weeks. Last year at this
time the average rate was at 3.66 percent
Epicure Market location in Sunny Isles sold!
Sunny Isles Beach location of Epicure Market has been sold for $19 million, according
to the South Florida Business Journal. The buyer was a group connected with Gil
Dezer, who has developed a number of condominium projects in the Sunny Isles Beach area. Jerry’s
Famous Deli was the seller of the project, Epicure also has a location on
Miami Beach’s Alton Road, just across from the Lincoln Road pedestrian mall.
Imperial Real Estate Group: $175 million settlement on fair lending with Wells...
Imperial Real Estate Group: $175 million settlement on fair lending with Wells...: The Department of Justice has reached a settlement with Wells Fargo Bank regarding an alleged pattern of discrimination against qualified Af...
$175 million settlement on fair lending with Wells Fargo Bank
The Department of Justice has
reached a settlement with Wells Fargo Bank regarding an alleged pattern of
discrimination against qualified African-American and Hispanic borrowers for a
5 year period beginning in 2004. The settlement gives $125 million in
compensation for borrowers who were led into taking out subprime
mortgages or who paid higher fees than similarly-qualified white
borrowers. The additional $50 million will provide direct payments for
down payment assistance of residents in eight U.S. metro areas.
Subscribe to:
Posts (Atom)