Odessa Mortgage Rates Drift Down Amid Local Housing Uptick
Odessa real estate and lending officials report a national trend toward lower mortgage rates with local signs of a housing market revival in Ector County. August sales totaled about 8.75 million, while FHA and VA loans hover near 14 percent, with seller paid points and origination fees affecting buyers. conventional loans hold at 15 percent. Local bankers expect continued activity through year end, though experts warn against expecting former high affordability and urge adjustments in buyer expectations and income-to-housing cost ratios.
MENTIONED IN THIS ARTICLE
Odessa
Ector County
Cindy Parkhurst
Odessa Board of Realtors
Parkhurst
Judy Tyree
Investors Inc
Tyree
Federal Housing Administration
Veteran’s Housing Administration
Emil Beck
First Savings and Loan
Beck
Hugh Graham
National Association of Realtors
Graham
Mark Riedy
The
Mortgage Bankers Association
Riedy
Space Services plans private satellite launch network
Space Services Inc of Houston aims to orbit a 500 pound satellite within two years and raise 15 to 20 million dollars to build a private satellite launching service. Founder David Hannah cited the Conestoga I flight as proof private investors can launch responsibly and commercially. He said 12 oil companies showed interest in becoming customers, though no contracts were signed.
MENTIONED IN THIS ARTICLE
Matagorda Island
Texas
Space Services Inc. of America
Houston
David Hannah
Space Services
Hannah
SSI
House of the Poor in Tijuana Feeds the Hungry
In Tijuana Mexico the Casa de los Pobres known as the House of the Poor serves 150 families weekly and provides 1000 meals daily to the hungry as inflation and devaluations deepen poverty. An elderly widow and a mother of three join a crowd lining the courtyard seeking food amid a worsening recession. The mission struggles to meet rising demand in a city with one million residents near the California border.
MENTIONED IN THIS ARTICLE
Norm Clarke
Associated Press
Tijuana
Mexico
Casa de Los Pobres
Gordden Cordoba
California
Armida
Casa de Las Pobres
Austin NWFC Holds Sidewalk Vote On Nuclear Freeze
In Austin, 50 000 expected to vote on bonds and 30 000 on nuclear freeze. The unofficial ballot outside polling places counted by volunteers aims to spark a nationwide wave as the first of 25 such elections. George Humphrey leads NWFC calling it pure democracy and a simple yes or no on halting the arms race.
MENTIONED IN THIS ARTICLE
Kathy Baker
Associated Press
Austin
Mickey Rooney
NWFC
Wisconsin
Iowa
Austin Nwfc
George Humphrey
David Dean
Humphrey
Guinness Book of World Records
Library of Congress
United States
Soviet Union
Also Mentioned on This Page
Willie Adams
Odessa High
Conestoga
House of the Poor
Tation Line
Trinidad Angeles
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