Pending Home Sales Index Hits Record Low

Story date: 2007-10-02 08:15:00
Added on: 2007-10-02 11:21:38

CBS News - The problems, experts say, were seen especially in expensive areas where borrowers need to take out "jumbo" home loans above $417,000 that can't be sold to government-sponsored mortgage companies Fannie Mae and Freddie Mac In late August, the gap in ...


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