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May 12, 2008
Real Estate News

Analysts Say Inventories May Shrink Soon
The vast selection of homes may start to slim down. Fewer new homes are being built and banks are aggressive in selling off foreclosures.

U.S. House Passes Plan to Help Borrowers
The U.S. House passed a housing aid plan Thursday that would provide $300 billion to refinance mortgages for home owners facing foreclosure.

30-Year Mortgages Edge Down Slightly
The 30-year rate slipped to 6.05 percent from 6.06 percent a week ago, while the 15-year fixed rate bumped up to 5.60 percent.

Banks Revisit Mortgage-Backed Securities
Investors are starting to buy up billions of dollars in mortgages that have been stuck on the books of banks.

'Mosquitofish' Helps at Abandoned Pools
Gambusia affinis, a fish that feeds on mosquito larvae, is being used in hot foreclosure markets in California, Arizona, Florida, and elsewhere.

Treasury's Paulson: Credit Crisis Ending
The U.S. treasury secretary says the worst of the nation's credit crisis has probably passed, but he's not so upbeat about housing.



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