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.

Developers Seek Help as Mortgages Coming Due

Oakland, CA, Dec. 22, 2008--With a record amount of commercial real-estate debt coming due, some of the country's biggest property developers are seeing government assistance, according to a story in the Wall Street Journal.

Bush Administration Authorizes Loans to Big 3

Washington, DC, Dec. 19, 2008--Citing danger to the national economy, the Bush administration came to the rescue of the U.S. auto industry Friday, offering $17.4 billion in emergency loans.

30-Year Mortgage Hits 37 Year Low

Washington, DC, Dec. 19, 2008--The benchmark 30-year fixed-rate home mortgage fell to an average of 5.17% this week, the lowest since Freddie Mac began its weekly rate survey in 1971.