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Mortgage rates in general took a fairly substantial dive during the
previous week with longer term rates dropping double digits in most cases
and some rates returning to mid-2006 levels. However, the Mortgage
Bankers Association reported a spectacular increase in
the interest rate of the one-year adjustable rate mortgage (ARM).
The Mortgage Bankers Association announced this morning that applications for mortgage loans slipped 4 percent last week when compared to the week prior. Quicken Loans Chief Economist Bob Walters says that applications have been negatively impacted by the recent tightening of credit.
WHITEHORSE,, August 28, 2007 — Minister of Community Services Glenn Hart officially transferred the two athletes’ village residences to Rudy Couture, chair of Yukon Housing Corporation’s board of directors, and Yukon College President Terry Weninger, in a ceremony today at Yukon College.
HAMILTON, Ontario, August 29, 2007 — Canada’s New Government, the Government of Ontario and the City of Hamilton held a ribbon-cutting ceremony today to mark the official opening of St. Elizabeth Home Society, an affordable housing project that provides rental units for lower-income seniors under the Canada-Ontario Affordable Housing …
WEST LORNE, Ontario, August 29, 2007 — Canada’s New Government, the Government of Ontario and the Municipality of West Elgin held a sod-turning ceremony today to mark the official start of the construction of Heritage House, which will provide 16 new units of supportive affordable housing for seniors and single persons.