Uncategorized

Summary Box: Fixed mortgage rates rise this week

The Associated Press – Thu Mar 24, 2011 RATES EDGE UP: Freddie Mac said the average rate on the 30-year fixed mortgage rose this week to 4.81 percent from 4.76 percent the previous week. The average rate on the 15-year fixed mortgage increased to 4.04 percent from 3.97 percent. STILL ATTRACTIVELY LOW: […]

New home sales slowest in at least a half-century

By DEREK KRAVITZ, AP Real Estate Writer – Wed Mar 23 2011 WASHINGTON – Home construction in the United States is all but coming to a halt. Americans are on track to buy fewer new homes than in any year since the government began keeping data almost a half-century ago. Sales are […]

Merger: Access Bank, Intercontinental sign MOU

By Udeme Ekwere Access Bank Plc and Intercontinental Bank Plc have finally signed a Memorandum of Understanding for the purpose of combining the business of both institutions. Our correspondent gathered on Friday that the MoU was signed following the approval of the Board of Directors of the two banks. A […]