Mortgage and Financial News From 2007-9-27 Page 01

RSS Feed

Previous Day: 2007-09-26

Return to the mortgage news archive home.

  • New-Home Sales Hit 7-Year Low

    Wall Street Journal - Home buyers faced more restrictive terms for mortgages; rates also rose for jumbo loans, those over $417,000. Meanwhile, ... time before a recovery begins," said Jeffrey Mezger, KB Home's president and chief executive. He said lenders' tighter mortgage ...
    2007-09-27 08:59:00
  • Experts say another interest rate rise is likely soon

    News.com.au - UBS expects the Reserve Bank of Australia to lift interest rates in February 2008 ... Wall St up on energy shares Market forces: Banks push Euro stocks higher Home groan ... been beyond me that having people gainfully employed means everyone with a mortgage ...
    2007-09-27 03:44:00
  • Rates on 30-Year Mortgages Rise

    US News and World Report - WASHINGTON (AP) -- Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.42 percent this week, up ...
    2007-09-27 09:46:00
  • Asian Bond Sales Fall 75%, Most Since 2001, on Rout (Update1)

    Bloomberg - ... 75 percent in the third quarter, the biggest fall in six years, as losses sparked by defaults on U.S. subprime mortgage ... Bank Ltd., India's biggest lender to consumers, sold $2 billion of bonds on Sept. 26, after the Fed cut interest rates to ...
    2007-09-27 09:35:00
  • Japanese Jobless Rate Worsens, CPI Drops

    Newsday - Get Home Delivery ... on the Bank of Japan's decision to raise rates in the coming months, even as the central bank deals with lingering concerns over a U.S. economic slowdown and the fallout from the subprime mortgage ...
    2007-09-27 10:54:00
  • China Bank Ups Mortgage Interest Rates

    US News and World Report - SHANGHAI, China (AP) -- China has raised mortgage interest rates and increased the down payment needed for loans to finance purchases of second homes, the central bank said in a notice seen Friday. The moves were widely expected due to official ...
    2007-09-27 11:08:00
  • Kenneth Harney: Mortgage funds, rates near 6% plentiful (San Jose Mercury News)

    WASHINGTON - The term "mortgage meltdown" has become so commonplace - on TV, in headlines and even casual conversations - that you might assume that this is a tough time to get a mortgage.
    2007-09-27 08:17:42
  • Money $marts: Many factors affect loan rates & fees (Naples Daily News)

    The recent interest rate reduction by the Fed in the wake of the housing slump will have minimum impact on the rates and credit card fees paid by consumers. The previously booming home market was artificially bolstered by lax credit standards, very low interest rates and mortgage structures that deferred the true economic costs of home ownership for a short period (2-3 years) until monthly ...
    2007-09-27 12:07:46
  • Banks to Increase Rates (St. Petersburg Times)

    MOSCOW (Bloomberg) — Russian banks will increase mortgage-lending rates and some may temporarily stop issuing home loans because of the rise in borrowing costs, the deputy chairman of Russia’s central bank said.
    2007-09-27 02:42:46
  • China ups mortgage rates, down payments to cool prices (MENAFN)

    China ups mortgage rates, down payments to cool prices
    2007-09-27 10:03:20
  • New Home Sales and Prices Off Sharply in August

    New York Times - ... to write down almost $800 million in inventory and goodwill value after the subprime mortgage crisis caused turmoil in the credit market and high rates of ... economy, the number of new unemployment claims filed last week dipped to 298,000, its lowest ...
    2007-09-27 03:08:00
  • New-Home Sales Tumble 8.3% As Prices Decline More Than 7%

    Wall Street Journal - The level of 795,000 was the lowest since 793,000 in June 2000. Year-to-year, new ... Tightening of lending standards and troubles in the mortgage market have made it more ... in pushing central bank to act sooner, rather than later in easing interest rates. ...
    2007-09-27 03:16:00
  • Thomson Financial Europe AM at a glance share guide: stocks firm; oil ...

    CNBC - ... Department's report that sales of new homes plunged 8.3 pct in August to the lowest ... ended higher on takeover talk surrounding Sweden's Nordea and embattled UK mortgage ... mixed signals about the state of the US economy and the path of interest rates ...
    2007-09-27 10:11:00
  • Business Minute: Stocks rally....Home sales slide...Oil cruises to ...

    WDAM-TV - This Week in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal ... New home sales fell in August to the lowest level in seven years. WASHINGTON (AP) - Mortgage finance company Freddie Mac will pay $50 million to ...
    2007-09-27 02:26:00
  • New-Home Sales Tumble to 7-Year Low

    Forbes - New-homes sales tumbled in August to the lowest level in seven years, a stark sign ... The hope is that lower rates will induce more spending and investment and thus ... Hedge funds and other investors in subprime-related mortgage securities got clobbered
    2007-09-27 03:30:00