| Increase in Foreclosed Homes Suggest Strong Buyer's Market
With interest rates rising on adjustable rate mortgages, an increasing number of homes are being foreclosed. GuideToRealty.com reports that delinquency rates on certain loans have risen above 3 percent, creating an ideal market for both real estate investors and potential homebuyers (http://www.guidetorealty.com/calculators/index.jsp). San Francisco, CA (PRWEB) August 17, 2006 -- A feature article on GuideToRealty.com suggests that the foreclosed homes sector of the realty market is now a strong market due to the increase in delinquency rates (greater than 3 percent) on high risk home loans (http://www.guidetorealty.com/calculators/foreclosedhomes.jsp). This is partially attributable to interest rates on adjustable rate mortgages (ARMs) having risen over three full percentage points since the historic low of 3.25 percent in June 2004.
New rules will kill us, grouper fishers say
STEVE NOHLGREN, Times Staff Writer Published January 30, 2008 ST. PETERSBURG -- Federal regulators took preliminary steps Tuesday to reduce gag grouper fishing in the Gulf of Mexico by 45 percent, a severe cutback that could cripple commercial fisherman and the charter boat industry. The proposed restrictions would close down recreational grouper fishing for three months in the winter, just when tourists arrive. Commercial fisherman would face a quota on gag for the first time, with limits tight enough to shut down the entire grouper fleet every year by October or so -- forcing restaurants and consumers to rely on imports. The cuts would spill over to other grouper species as well, because grouper swim together, and it's impossible to protect one species without inadvertently cracking down on others.
A rush to refinance
It's crazy. It's like the floodgates have opened up," said Denise Shipowick, who runs 1st Primacy Mortgage Corp. in Bel Air with her husband. Their phone began ringing before 9 a.m. yesterday, and by 1 p.m., the number of pre-qualification applications in the works had doubled from last week.
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