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Mortgage News for Friday - March 17, 2006

More Mortgage News
• Buyers turning to mortgage brokers
• Refinance mortgage boom is going silent
• U.S. giant AIG jumps into mortgage insurance
• Toll unconcerned about rising mortgage rates
• The 35-year mortgage is now here
• High-end N.Y. real estate market surges
Mortgage News
The 35-year mortgage is now here - 2006-03-17
Late last month, the Canada Mortgage and Housing Corporation unveiled a pilot project that would permit Canadians to take out 30-year mortgages, five years more from the traditional 25. Canada's other main player in the multi-billion-dollar mortgage business, Genworth Financial, raised the ante Thursday, declaring the 35-year mortgage plan.
Read the full story at Global National
 
High-end N.Y. real estate market surges - 2006-03-17
After abating from a peak in 2004, the real estate market for luxury residential properties in Manhattan again exploded at the end of 2005 and persisted into February 2006. The pleasant surprise has been the jump in sales of the $20 million-plus market that is not reliant on salaries or bonuses.
Read the full story at Inman.com
 






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