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Mortgage rates dropped to the lowest level on record for the sixth time in seven weeks, offering the most attractive opportunity in decades for those who qualify to refinance or purchase a home.Government-controlled mortgage buyer Freddie Mac said Thursday that the average rate for 30-year fixed loans this week was 4.49 percent, down from 4.54 percent last week. That s the lowest since Freddie Mac began tracking rates in 1971.The average rate on the 15-year fixed loan dropped to 3.95 percent, down from 4 percent last week and the lowes
stanley cup t on record.Rates have fallen since spring as investors seek the safety of U.S. Treasury bonds. That has lowered the yield on Treasurys. Mortgage rates tend to track those yields.The last time
stanley mug home loan rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years. Low rates have sparked some activity in the weak housing market, but not a massive boom in refinancing.Applications to refinance loans increased 1.3 percent and those to purchase homes increased 1.5 percent, according to the Mortgage Bankers Association.
stanley thermos Nevertheless, high unemployment, slow job growth and tight credit have made it difficult for many to purchase homes. The housing industry received a boost this spring when the government offered homebuying tax credits, but housing activity has plummeted since they expired in April.The number of buyers who signed contracts to purchase homes plunged in June to the lowest level on records dating back to 2001 Llzv Bush s Border Patrol Plan Draws Ire
Boston, like a number of coastal cities, is facing a tricky problem in the coming years: Sea levels are rising, and rising quickly, leaving ci
stanley shop ties more and more at risk for intense flooding. Could building a canal system help keep Boston high and dry A report from the Urban Land Institute takes on the question of what to do about the encroaching sea, currently pushing up on land at a rate of about 0.11/inches per year. In addition to some more conventional methods of stemming the tide, including improved seawalls and elevated construction, they have another suggestion: Turn Boston Back Bay into a canal system. Noting that the Boston Harbor has risen about a foot in the last century 鈥?and could go up anywhere between one and six feet in the next one 鈥?the report suggests a system in which alternating streets are transformed into canals much in the way Venice and Amsterdam have for centuries , while some streets are left preserved. Of course, even without a deliberately-constru
gourde stanley cted canal system, Boston will still very likely have to find some way to cope with increasingly high waters, as this 500-year floodplai
stanley mugg n projection of Cambridge Alewife Quadrangle shows: You can check out the whole report right here. CitiesClimateFloodsWater
