Chinese Housing Loan Plan Collapses

Chinese Housing Loan Plan Collapses
U.S. home builder Lennar Corp. had been in talks with the China Development Bank for more than a year about a loan to finance some 20,000 new homes and millions of square feet of commercial space on the site of two former naval bases, Treasure Island …
Read more on Wall Street Journal

Average rate for 30-year home loan falls to 3.43%
Average U.S. rates on fixed mortgages fell sharply this week and moved closer to historic lows, keeping home-buying and refinancing attractive. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year fixed loan fell to 3.43 …
Read more on Youngstown Vindicator

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