Mortgage and Financial News From 2008-1-11 Page 78

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  • Interest-rate dip fires up mortgage refinancing

    Cleveland Plain Dealer - Mortgage rates were the lowest this week in nearly 2½ years, averaging 5.87 percent nationally, because of more and more bad economic news. That's the lowest 30-year fixed rate since September 2005, according to Freddie Mac, the giant mortgage ...
    2008-01-11 01:26:00

  • Housing's down note - Baltimore Sun

    Housing's down noteBaltimore Sun, United States - 2 hours agoAbout 30000 homes changed hands, the lowest in nine years - which is when MRIS began tracking area sales through the multiple-listing service. ...
    2008-01-11 12:22:14

  • Yen Rises as Traders Pare Carry Trades on Credit Market Losses - Bloomberg

    Yen Rises as Traders Pare Carry Trades on Credit Market LossesBloomberg - 2 hours agoJapan's benchmark interest rate of 0.5 percent is the lowest among major economies. Interest rates are 8.25 percent in New Zealand, 6.75 percent in ...
    2008-01-11 12:23:58

  • European Bonds Gain as Bank Losses Spur Demand for Safe Assets - Bloomberg

    European Bonds Gain as Bank Losses Spur Demand for Safe AssetsBloomberg - 2 hours agoGains pushed the yields on two-year notes to near the lowest since Nov. 28 after the New York Times reported Merrill Lynch & Co. will have $15 billion in ...
    2008-01-11 12:39:37

  • Dems Eye Tax Rebates, Fatter Benefits - The Associated Press

    Dems Eye Tax Rebates, Fatter BenefitsThe Associated Press - 2 hours agoPelosi promised help for the unemployed, people hurt by higher health care and spiraling energy prices, as well as those hit by the subprime mortgage crisis ...
    2008-01-11 12:40:54

  • CREDIT WRAPUP 1-Bank gloom overshadows prospect of lower rates - Guardian Unlimited

    CREDIT WRAPUP 1-Bank gloom overshadows prospect of lower ratesGuardian Unlimited, UK - 2 hours agoMerrill Lynch is expected to suffer $15 billion in losses stemming from wrecked mortgage investments, almost twice its original estimate, the New York Times ...
    2008-01-11 12:44:20

  • Constructing excellence in the North East - nebusiness.co.uk

    Constructing excellence in the North Eastnebusiness.co.uk, UK - 2 hours agoIn just one month, a fall to 83000 new mortgage approvals – a drop of more than 6.7% – saw this market hitting its lowest level since the start of 2005. ...
    2008-01-11 12:44:57

  • Some basic solutions to help you stick to your New Year's ... - Boston Globe

    Some basic solutions to help you stick to your New Year's ...Boston Globe, United States - 1 hour agoPut them in the order you want to pay them off, with high credit card debt at the top of the list and low-interest mortgage debt at the bottom. ...
    2008-01-11 12:58:07

  • European shares slip early, Unilever weighs - Reuters

    European shares slip early, Unilever weighsReuters - 1 hour agoThe FTSEurofirst 300 index of top European shares was down 0.2 percent at 1432.99 points after hitting its lowest point so far this year in the previous ...
    2008-01-11 01:01:24

  • Bill targets predatory lenders - News-Leader.com

    Bill targets predatory lendersNews-Leader.com, MO - 1 hour agoIt also would require lenders to ensure consumers can afford monthly payments on variable rate mortgages when interest rates increase, create a legal ...
    2008-01-11 01:10:09

  • Business briefs - Lansing State Journal

    Business briefsLansing State Journal, MI - 1 hour agoRates on one-year ARMs fell to 5.37 percent from 5.47 percent last week. The mortgage rates do not include add-on fees known as points. ...
    2008-01-11 01:15:10

  • European Stocks Decline; L'Oreal, Unilever Drop on Downgrades - Bloomberg

    European Stocks Decline; L'Oreal, Unilever Drop on DowngradesBloomberg - 1 hour agoL'Oreal, the world's biggest cosmetics maker, dropped 4.7 percent to 87.17 euros, the lowest since Sept. 13. Clarins SA, the French maker of skin creams and ...
    2008-01-11 01:24:17

  • Hugo Radice: No reason to panic despite all the fears of recession - Yorkshire Post

    Hugo Radice: No reason to panic despite all the fears of recessionYorkshire Post, UK - 1 hour agoThe market grew very rapidly because the mortgage issuers found that they could "securitise" the loans. This means that they bundled them up into packages ...
    2008-01-11 01:24:45

  • London open: Mixed start for Footsie - ShareCast

    London open: Mixed start for FootsieShareCast, UK - 1 hour agoConcern about the dollar following the Fed's commitment yesterday to cut rates to keep the US economy moving may be having an impact. ...
    2008-01-11 01:32:57

  • Business briefs: Moody's may cut Freddie Mac rating - Sarasota Herald-Tribune

    Business briefs: Moody's may cut Freddie Mac ratingSarasota Herald-Tribune, FL - 1 hour agoFreddie Mac said that 30-year, fixed-rate mortgages averaged 5.87 percent this week. That was down from 6.07 percent last week and was the lowest level for ...
    2008-01-11 01:39:44

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