Mortgage and Financial News From 2007-12-27 Page 01

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  • ECONOMY HEADLINES

    CNBC - After a slow and stumbling start, official Washington is scrambling to try to prevent the unfolding mortgage crisis from ... China raised its benchmark interest rates on Thursday for the sixth time this year, in the latest in a series of tightening ...
    2007-12-26 08:40:00

  • Banks target cashed-up expats

    News.com.au - ... in Europe are being offered special mortgages to buy property back "home'' as the big four banks combat the lowest domestic home loan affordability rates in more than two decades. In the past, Australian banks have focused their expatriate mortgage ...
    2007-12-27 06:40:00

  • '08 forecasts: food at least 3% higher; gas up 10.7%

    Seattle Times - DALLAS — For cash-strapped consumers already beset by higher gasoline prices and escalating mortgage rates, the hits just keep on coming. This time, it's food. The sharp rise in food prices seen in 2007 is expected to be followed by another higher ...
    2007-12-24 03:59:00

  • Is there a silver lining locally in the national housing/mortgage ...

    Island Packet Online - Mortgage giant Freddie Mac reported Thursday that interest rates on 30-year, fixed-rate mortgages averaged 6.17 percent in the week ending Dec. 27, down from 6.74 percent in the middle of June. The Associated Press contributed to this report.
    2007-12-27 09:46:00

  • 'Vettes will serve as Indy 500 pace cars

    Detroit News - Vettes will serve as Indy 500 pace cars Associated Press INDIANAPOLIS -- A pair of Chevrolet Corvettes will be the pace ... get Michigan driver's license - 12/27/2007 Home Shopping Network settles pressure cooker case for $875,000 - 12/27/2007 Mortgage rates ...
    2007-12-27 02:44:00

  • Mortgage rates inch up

    Earthtimes - MCLEAN, Va., Dec. 27 The U.S. housing market saw mortgage rates inch up this week as a report showed home prices in 10 major U.S. cities continued to decline. The 30-year fixed-rate mortgage averaged 6.17 percent with an average 0.5 points, up from ...
    2007-12-27 07:56:00

  • 30-year mortgage rate up while 15-year remains pat

    Union Leader - WASHINGTON – Rates on 30-year and one-year mortgages climbed this week, while rates on some other home loans didn't budge. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.17 percent this week. That ...
    2007-12-27 08:49:00

  • Rates threaten housing recovery

    News.com.au - The warning comes at a time when the Australian housing market has so far shown it is immune to the US sub-prime mortgage crisis. But the managing director of business forecaster BIS Shrapnel, Robert Mellor, said the recovery could be stalled if ...
    2007-12-27 05:35:00

  • Mortgage Rates Gain During Week

    Street.Com - The mortgages in this week's survey had average origination fees and discount points of 0.5% of the total loan amount, up from 0.4% the previous week. At this time last year, rates on 30-year fixed-rate loans averaged 6.18%. They haven't spent the ...
    2007-12-27 02:58:00

  • Mortgage rates inch up this week (Detroit News)

    WASHINGTON -- Rates on 30-year and one-year mortgages climbed this week, while rates on some other home loans didn't budge.
    2007-12-27 12:36:14

  • Fitch Rates Bear Stearns Commercial Mortgage Securities Trust 2007-PWR18 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates Bear Stearns Commercial Mortgage Securities Trust 2007-PWR18, commercial mortgage pass-through certificates as follows:
    2007-12-27 11:35:00

  • MORTGAGES: U.S. Mortgage Rates Take A Holiday-Week Breather (Nasdaq)

    CHICAGO (Dow Jones) -- Mortgage rates stayed flat or moved up slightly this week as bond yields rose, Freddie Mac's chief economist said on Thursday.
    2007-12-27 09:29:37

  • U.S. mortgage rates take a holiday-weak breather (Market Watch)

    Mortgage rates stayed flat or moved up slightly this week as bond yields rose.
    2007-12-27 08:04:32

  • Floyd Norris: New wave of defaults in the offing for 2008

    International Herald Tribune - ... as if the financial world shakes every time a company reveals some new exposure to the disastrous world of subprime mortgage ... And there is no reason to think that fraud was a big factor in the corporate loan market, as it seems to have been in ...
    2007-12-27 11:30:00

  • Judge Rules for Genesco in $1.5B Buyout

    Houston Chronicle - NASHVILLE, Tenn. — A judge ruled Thursday that Genesco Inc. executives did not commit fraud during negotiations over ... in 2007 is do to general economic conditions such as higher gasoline, heating oil and food prices, housing and mortgage issues ...
    2007-12-27 03:34:00

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