Thursday, September 08, 2011

Morning Real Estate Review

Forest City's profits plunge in 2nd Quarter ( The Cleveland based developer, responsible for much of the development on the southwest waterfront, not up to last year's numbers.

Mortgage applications down (Mortgage Bankers Assn) Numbers of new applications are lower, and refinances are down more than 35% over last year, despite the lowest rates in history.

Mortgage rates seeing slight upward pressure this week (Mortgage News) Rates holding stable at historic lows, but pressure means rates could rise in the short term.



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