Mortgage and Financial News From 2008-1-24 Page 50
Previous Day: 2008-01-23
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Nationwide puts up mortgage rates
BBC News - The UK's biggest building society is the latest lender to hike rates despite no movement from the Bank of England. Nationwide said rates on its tracker mortgages, which follow the Bank's base rate, would rise for new borrowers by between 0.05% and 0 ...
2008-01-22 03:53:00 -
Wall St. U-Turn Pulls U.S. Stocks Out of Nosedive
Washington Post - In a positive sign for the housing market, Bankrate reported that mortgage rates fell last week to their lowest level since 2004, at least for people with good credit who are taking out a loan of less than $417,000. In its survey of mortgage lenders ...
2008-01-24 05:57:00 -
Contact us | Thinking of refinancing?
Charlotte.com - Contact us | Thinking of refinancing? Attention homeowners: Mortgage rates have fallen this week. Are you refinancing or thinking about it? Staff writer Amy Baldwin wants to talk to you. Reach her at 704-358-5179 or abaldwin@charlotteobserver.com ...
2008-01-24 04:59:00 -
Tough remedies stay on shelf amid refinancing fever
Los Angeles Times - Cheaper mortgage rates won't easily cure those excesses, experts say. A second problem is that the institutions chiefly responsible for transforming Fed cuts into lower borrowing rates -- the nation's banks -- are deeply worried about their own ...
2008-01-24 07:30:00 -
U.S. Existing Home Sales Fell More Than Forecast (Update1)
Bloomberg - Mortgage rates are also dropping, making homes more affordable to those able to get financing. The Realtors group's affordability index in November and October was at the highest level in more than two years. Buyers May Wait ...
2008-01-24 07:30:00 -
Mortgage options abound for buyers
Dublin Villager - Fixed mortgage rates are best if you intend to stay in the house for a long time. It has a fixed interest rate for the entire duration of the loan. This option is popular because it offers stability and consistent monthly payments. Adjustable-rate ...
2008-01-24 04:59:00 -
UPDATE 1-U.S. existing home sales fell 2.2 pct in Dec
Forbes - Home prices are lower, mortgage interest rates continue to decline and incomes are higher, but many potential buyers are delaying a purchase," Yun said. Economists polled by Reuters were expecting home resales to slip to a 4.95 million unit pace after ...
2008-01-24 07:44:00 -
Existing-Home Sales Down in December But 2007 Was Fifth Highest on ...
Forbes - Home prices are lower, mortgage interest rates continue to decline and incomes are higher, but many potential buyers are delaying a purchase." According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate ...
2008-01-24 07:01:00 -
Bankrate: Mortgage rates fall for fourth straight week
Marketwatch - NEW YORK (MarketWatch) -- The average rate on fixed-rate 30-year mortgages fell for the fourth consecutive week to 5.57% this week from 5.75% last week, reported Bankrate Inc., which operates personal-finance Web site Bankrate.com, on Thursday. The ...
2008-01-24 04:59:00 -
Mortgage rates down to lowest in nearly 4 years
KUSA-TV - MCLEAN, Va. (AP) - Between weak economic news and the surprising rate cut by the Federal Reserve, mortgage interest rates are falling. Finance giant Freddie Mac says benchmark 30-year, fixed-rate mortgages have dropped to the lowest level in nearly ...
2008-01-24 07:37:00 -
Lift rates now or wait for disaster
News.com.au - This was given a new twist by the way the banks have already increased their mortgage rates without an official Reserve Bank increase. The reason proferred by the banks was rising rates in the US. So surely, now that rates are falling in the US ...
2008-01-24 06:04:00 -
Pain relief for mortgage flare-ups
CNN Money - NEW YORK (CNNMoney.com) -- Lenders, foreclosure-prevention groups and the government are all working to ease the shock of upcoming subprime adjustable rate mortgage resets. But the recent plunge in interest rates will also help consumers. Even so, it ...
2008-01-24 02:36:00 -
Homeowners deluge mortgage brokers
Los Angeles Times - Lower mortgage rates should also help the economy in several ways. For some borrowers at risk of foreclosure, lower payments may be just what they need to be able to afford a loan. Beyond that, people who can refinance into loans with lower payments ...
2008-01-24 05:57:00 -
UK's Darling says BoE has 'room for manoeuvre' on interest rates
CNBC - Because of the fact that we now have low unemployment, we've got historically low inflation, low levels of interest rates and mortgage rates, the Monetary Policy Committee has room for manoeuvre, as the (BoE) governor (Mervyn King) said in his speech ...
2008-01-24 07:22:00 -
Bankrate: Mortgage Rates Lowest Since March 2004
Forbes - NEW YORK, Jan. 24 /PRNewswire-FirstCall/ -- Mortgage rates dropped for the fourth week in a row, with the average conforming 30-year fixed mortgage rate now 5.57 percent. According to Bankrate.com's weekly national survey of large lenders, the ...
2008-01-24 04:38:00
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