Newsdesk | Volume 5 | Issue 294 | March 19, 2010

Top News
Greenspan Defends Low-Rate Policy – Wall Street Journal Online – – More Text WASHINGTON—In a detailed review of the causes of the financial crisis, former Federal Reserve Chairman Alan Greenspan acknowledged a range of regulatory failures but strongly disputed the widely held view that the Fed left interest rates too
Fed: Low rates will continue – CNN – – NEW YORK ( — The Federal Reserve left its key interest rate near 0% once again Tuesday and said rates should stay this low for the foreseeable future.
Market News
Mortgages: 30-year fixed-rate mortgage averages 4.96% – MarketWatch – – this week, with 30 -year fixed-rate mortgages averaging 4.96%, according to the latest Freddie Mac survey of conforming mortgage rates, released Thursday. The mortgage averaged 4.95% last week and 4.98% a year ago. Fifteen-year fixed-rate mortgages
3/17/2010 Mortgage Applications Decrease in Latest MBA Weekly Survey » – Mortgage Bankers Association – – Carolyn Kemp WASHINGTON, D.C. (March 17, 2010) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 12, 2010. The Market Composite Index, a measure of mortgage loan application
Home Builders Can’t Compete With Foreclosures – – – As U.S. home builders grew more wary of the housing market in March, besieged by competition from cheap foreclosures, real estate auction companies are booming.
Technology News
It’s Official: Facebook Rules the Web – Yahoo! News – – Facebook ruled the Web last week just squeaking past Google to become the most popular online destination among United States users.
Other News
Environmentally Friendly Homes Are Shunned by Lenders – Wall Street Journal Online – – much pickier about examining sales of comparable homes, in deciding whether and how much to lend. Owners of odd homes can be out of luck. The Hagars built their 2,700-square-foot house by stacking tire bales five-foot-wide blocks of compressed tires
New trend: ‘Co-working,’ where people share office space – USA Today – – over the weekend, a spacious home on the east side of town housed a thriving new techie trend. “Co-working” businesses, like Conjunctured here, offer homey environs for people to work, brainstorm and drink as much free coffee as they like. Conjunctured’s

—————————————– J. Rockcliff Realtors’ Customer Service Michael Fielden Telephone: 925-251-2525