Mortgage Rates at 60-Year Low
Washington, DC, Sept. 8, 2011 -- The average interest rate for the 30-year fixed mortgage fell to 4.12%, down from 4.22%, Freddie Mac said Thursday.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Mannington Adura Featured on DIY Network Show
Salem, NJ, Sept. 8, 2011 -- Mannington said its Adura LockSolid plank flooring is being featured on “Run My Renovation” on the DIY Network.
Most Borrowers Don't Get Lowest Mortgage Rates
New York, NY, Sept. 8, 2011 -- Many home buyers are discovering that they don't qualify for historically low interest rates and, instead, have to go with a higher rate, according to a story in Smart Money.
Beige Book Report Paints Sluggish Economy
Washington, DC, Sept. 8, 2011 -- Companies are growing more cautious in light of recent volatility in the stock market and declining consumer confidence, according a Federal Reserve survey.
Milliken Names Chandler Board Chairman
Spartanburg, SC, Sept. 7, 2011 -- Milliken & Co. on Tuesday named Harold Chandler its new chairman of the board, to replace the retiring Dan Sanders.
Forbo Raising Prices on Linoleum
Hazleton, PA, Sept. 7, 2011 -– Forbo Flooring Systems said it will increase prices 3% on its linoleum, vinyl and flocked flooring products effective Oct. 1 due to the rising cost of raw materials.
Mortgage Demand Dips Despite Low Rates
Washington, DC, Sept. 7, 2011 -- Demand for mortgages declined for a third straight week last week, according to the Mortgage Bankers Association.
Centiva Eliminates Phthalates from Victory Series
Florence, AL, Sept. 7, 2011 -- Resilient flooring maker Centiva said that by using a new variety of plasticizer its homogeneous Victory Series products are now phthalate-free.
NAHB Develops Improving Markets Index
Washington, DC, Sept. 7, 2011 -- The National Association of Home Builders has released its first NAHB/First American Improving Markets Index.
Chain Store Sales Decline Last Week
Washington, DC, Sept. 7, 2011 -- Chain store sales fell last week, according to the International Council of Shopping Centers and Goldman Sachs.