Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Long-term mortgage rates this week stayed about where they were last week, close to post-January highs: 30-year-fixed mortgages were just above 6 percent, and the 10-year T-note was at 3.82 percent. However, the situation is changing and thick with propaganda. The keys: the difference between a retreat from panic and return to health, and rising global inflation. New claims for unemployment insurance topped again at 375,000 last week and this week fell back again to 342,000 -- on edge, but on the right side of it. Stock market types were pleased at the stability in March orders for durable goods, and downright thrilled that Ford made a profit last quarter (silly: made $100 million, lost $15.3 billion in '07). The media are having a wonderful time mis-reporting housing condit...