National Fair Housing Alliance has accused Fannie Mae, the mortgage lender discriminating against neighborhoods that were not dominated by the white people. The complaint pertains to thirty four cities all over the U. S. including Cleveland. On May 13, the complaint was lodged with the U. S. Department of Housing and Urban Development in Washington D. C.
Although the average U. S. mortgage rates increased a little this week, yet the standard 30-year rate remained close to a nineteen month low.
Aspiring home buyers in the U. S may have a reason to cheer. From Saturday a federal directive will become effective which will make it an easier job for some of the American home buys to arrange for down payments when they want to purchase a house.
The skyline of China could soon have a more uniform look in the coming years, as the government plans to create a more aesthetic look in the way the fast growing city buildings appear.
The rate of mortgage in the U. S. decreased this week and fell to the lowest in around a year and a half.
Freddie Mac the company dealing with mortgage financing ran a weekly survey and found that the thirty year fixed rate fell lower than four percent in the current week.
The Wall Street investors were more bent towards safety bonds this week preferring them over the stocks.
Though for the second consecutive month the U. S homebuilders saw a drop t in rate of sales for new homes July but prices are appearing to become modest which is likely to help the market grow in the near future.
The homebuilders are looking at a prospective market and are feeling more positive about the sales prospects as far as homes are concerned as they head towards the next year. It is an indication which signals at better sales of new homes and home constructions the approaching months following a flat period this summer.
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