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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 15, 2008
Page
4
February consumer prices held at unchanged levels fueling cautious optimism. Core inflation also steady as energy and food costs moderating helped offset earlier spikes. Analysts warn the relief may fade with crude prices climbing above 110 dollars a barrel and gasoline at a record 3.28.
The HUD unveil reform aims to simplify the good faith estimate required by a 1974 law, boosting transparency and saving borrowers about 700 dollars in closing costs. It expands the mortgage broker definition to cover all who act as brokers across banks and lenders, regardless of charter.
Prices at the pump climbed to a new national average of $3.20 per gallon for gas while diesel rose to a record $3.938. Heating oil futures also set records as concerns about strong global demand and tight supplies persisted. Oil futures fluctuated with a sharp stock slide and a Fed rate outlook, while crude slipped modestly after gains earlier in the week.
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