Mortgage and Financial News From 2008-1-5 Page 5

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  • Despite record supply of homes for sale, demand hits lowest point

    Palm Beach Post - But Douglas Rill, head of Century 21 America's Realty in West Palm Beach, predicts home prices will fall 3 percent to 4 percent this year - and mortgage rates will spike by the end of 2008. Likewise, local housing analyst Jack McCabe takes issue with ...
    2008-01-05 09:14:00

  • Law erases penalty in debt forgiveness

    St. Petersburg Times - The law also will benefit people who stay in their homes under "workout" arrangements in which lenders agree to change the mortgage's terms to make them more favorable to the borrower. The Bush administration's plan for freezing the rates on certain ...
    2008-01-05 09:14:00

  • Mortgage rates fall to a one-month low

    Denver Post - National rates on 30-year mortgages fell last week to the lowest level in a month. Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.07 percent, down from 6.17 percent the week before. Below are average mortgage rates in ...
    2008-01-05 10:44:00

  • 30-Year Mortgages Rates Decline

    FOX News - WASHINGTON — Rates on 30-year mortgages fell last week to the lowest level in a month as investors found new reasons to worry about a possible recession. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages ...
    2008-01-02 03:55:00

  • National Australia Bank Raises Mortgage Rates (Update4)

    Bloomberg - Jan. 4 (Bloomberg) -- National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. raised interest rates on mortgages to recoup higher funding costs, the first time in more than a decade major lenders changed home loan rates without ...
    2008-01-03 09:59:00

  • Swings and Roundabouts - Webdiary

    Swings and RoundaboutsWebdiary, Australia - 2 hours ago... people were feeling over the rising cost of living - particularly the higher prices of food and petrol and rising mortgage interest rates. ...
    2008-01-05 07:08:13

  • FX round-up: Mortgage data saps sterling - ShareCast

    FX round-up: Mortgage data saps sterlingShareCast, UK - 2 hours ago... the likelihood that the Bank of England will cut interest rates next Thursday. Latest figures from the Bank of England show mortgage approvals fell for ...
    2008-01-05 07:19:35

  • Don’t put all the blame for subprime mortgage crisis on the borrowers - Kansas City Star

    Don’t put all the blame for subprime mortgage crisis on the borrowersKansas City Star, MO - 1 hour agoPeople vacuumed up as fast as they could interest rates of 5 percent and lower. This frenzy attracted a horde of new mortgage lenders and brokers who wanted ...
    2008-01-05 08:17:07

  • Analysis: Greenspan off the beam on subprime mortgages - Kansas City Star

    Analysis: Greenspan off the beam on subprime mortgagesKansas City Star, MO - 1 hour ago•February 2004: “American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage,” ...
    2008-01-05 08:18:05

  • Special Session issues could take time - Carroll County Times (subscription)

    Special Session issues could take timeCarroll County Times (subscription), MD - 1 hour agoIt would also crack down on “teaser” rates, in which people who take out a mortgage are offered one rate for a period of time and then made to pay a higher ...
    2008-01-05 08:30:40

  • Interest rates have been hijacked by politics - The Business Magazine

    Interest rates have been hijacked by politicsThe Business Magazine, UK - 1 hour agoI also accept last week's Bank of England data showed the credit crunch has made it difficult for lenders to finance new mortgage business, so tempering the ...
    2008-01-05 08:34:04

  • Fed rate cuts ultimately destabilizing - Knoxville News Sentinel

    Fed rate cuts ultimately destabilizingKnoxville News Sentinel, TN - 45 minutes agoWhat has brought us to this point was the Greenspan Fed's policy of keeping interest rates low. This created a boom in the mortgage market and soaring home ...
    2008-01-05 09:05:11

  • Save €1000s on your mortgage - Irish Independent

    Save €1000s on your mortgageIrish Independent, Ireland - 44 minutes agoOther lenders, including Ulster Bank and Permanent TSB, increased some of their mortgage interest rates before Christmas. IF you have not checked how the ...
    2008-01-05 09:05:49

  • Here comes Greenspan's recession - Pittsburgh Tribune-Review

    Here comes Greenspan's recessionPittsburgh Tribune-Review, PA - 43 minutes agoBut he has made it look as though his only choice would have been to raise interest rates and thereby risk taking down the entire economy much earlier. ...
    2008-01-05 09:06:37

  • The Year Ahead For Local Industries - Tampa Tribune

    The Year Ahead For Local IndustriesTampa Tribune, FL - 39 minutes agoMany homeowners who took out risky loans saw interest rates rise, adjusting their mortgage payments beyond what they could afford. ...
    2008-01-05 09:10:57

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