California tops nation in economic division

California in the top third of state economies, an enviable spot. Yet the underlying differences in rankings are hard to ignore.

California tops nation in economic division

California in the top third of state economies, an enviable spot. Yet the underlying differences in rankings are hard to ignore.

Mortgage availability improves just as rates set to rise

Homebuyers are about to learn that while the government giveth, the Federal Reserve taketh away. While it’s getting easier to get a mortgage, the Fed is warning rates will soon rise. In a red-hot housing market, government-backed mortgage buyers Fannie Mae and Freddie Mac are accepting loans to borrowers with lower credit scores and Fannie Mae will now look at rent payments in assessing mortgage applications. But the good news may not last for long … [more]

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