Fixed Rate Mortgages Fall Below 6%
Washington, DC, March 20, 2008—Fixed rate mortgages fell this week, while adjustable-rate mortgages didn’t move, according to Freddie Mac's weekly survey.
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Leading Indicators Show Economy Still Slowing
Washington, DC, March 20, 2008-- The index of leading economic indicators, which forecast economic growth six to nine months ahead, fell 0.3 percent in February for a fifth consecutive decline
CCA Global Partners Names Demaree President
Manchester, NH, March 19, 2008— CCA Global Partners has named Eric Demaree president of Carpet One Floor & Home. He takes the place of Evan Hackel, who has been named president of a new web-based division called BizUnite.
Rieter Net Income Up 34% in 2007
Winterthur, Switzerland – Rieter reported that sales rose by 12 percent to $3.9 billion. The operating result before interest and taxes rose by 54 percent for the year to $278 million.
Shaw To Unveil New Store Concept at Synergy Event
Dalton, GA, March 19, 2008-- Shaw will announce a new store concept created by the Ley Design Group at its annual Synergy convention April 14-17.
Feds Move To Give Fannie, Freddie Loan Funds
Washington, DC, March 18, 2008--The federal government moved to free up more money for home loans by reducing the cash cushion required for Fannie Mae and Freddie Mac.
Faus Names New Regional Sales Managers
Calhoun, GA, March 19, 2008--Faus Group, Inc. has named Joel Etter regional sales manager for the Northeast.
Mortgage Application Volume Falls, Despite Rates
Washington, DC, March 19, 2008--Mortgage application volume fell a seasonally adjusted 2.9 percent last week as interest rates on fixed-rate mortgages declined, according to the Mortgage Bankers Association.
Chinese Wood Floor Output Expected To Rise
Beijing, China, March 19, 2008--The output of Chinese wood flooring industry will grow by over 10 percent annually in the next two years according to Zhang Wenling, Secretary General of the Chinese Forest Products Industry Association.
AIA Billings Show Commercial Sector's Slumping
Washington, DC, March 19, 2008--Commercial construction felt the effects of the deteriorating housing market and slumping economy in February, according to the American Institute of Architects.