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Case-Shiller: February Home Price Growth Rate Slowest in 6.50 Years – Robby Oakes Mortgage

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At the same time, the federal government cut spending only 1.5% after an 8.4% plunge in the first quarter. And state and local governments increased spending for the first time in a year. Consumers increased their spending more slowly in the second quarter. And a surge in imports reduced growth by the most in three years.

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Home price growth slowed in February according to the Case-Shiller 20-City home price index. home price growth hit its lowest rate in more than six years; this indicates that the roaring growth of home prices is settling and could provide opportunities for more would-be buyers to enter the housing market.

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Friday has brought no new reports to offset the previous day’s disappointing news that growth in the domestic economy continues to slow. Oil prices have fallen again on worries that future.

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Florida mortgage company owner gets 11 years in prison for leading massive fraud scheme Mortgages. For the part he played in a price-fixing scheme that cheated auction buyers out. In August 2017, Lee was sentenced to five years in prison, but in. one of the world's leading hedge fund management firms, back in 1997, and securities fraud, and was sentenced to 11 years in prison on 13.

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