Mortgage and Financial News From 2008-11-27 Page 01
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Jobless surge plus auto-bailout flop send markets to lowest level in ... - New York Daily News
Workers huddle on the floor after the morning bell at the New York Stock Exchange on Thursday. The Bears tore through lower Manhattan again Thursday as a flood of bad financial news sent the stock market skidding 445 points - and sent the fear factor ...
2008-11-21 12:11:00 -
Unemployment rates climb in Marin and state - Marin Independent Journal
The Marin unemployment rate eked its way up a percentage point last month to 4.9 percent, and job seekers said the search is getting tougher. Novato resident Terry Pellegrini, who has been looking for a job since she was laid off from her position as ...
2008-11-20 05:59:00 -
UPDATE 1-Norway 3-mth rate falls to lowest in 13 months - Forbes
OSLO, Nov 21 (Reuters) - Norway's three-month market interest rate fell to its lowest level since October last year, down to 5.62 percent at Friday's fixing from 6.04 percent on Thursday. The tomorrow/next market interest rate fell to 5.09 percent ...
2008-11-21 05:55:00 -
Wage, holiday cuts coming for Globe's union drivers - Boston Globe
The Boston Globe said yesterday that it reached a two-year agreement with the newspaper's nearly 200 union drivers to cut wages 5 percent and eliminate all 10 of their paid holidays, starting in 2009. Globe senior vice president Greg Thornton said ...
2008-11-27 05:51:00 -
Torrent of gloomy news gives US little to be thankful for (Guardian Unlimited)
The US consumer freeze deepened yesterday as the biggest fall in spending since the 2001 terrorist attacks gave the Thanksgiving shopping season its worst possible start. Americans cut their high-street expenditure by 1% in October, a worse-than-expected decline and the steepest in seven years. The figures from the US department of commerce came 24 hours after the US treasury secretary, ...
2008-11-27 01:40:23 -
Mortgage rates fall for 2nd straight day (Montgomery Advertiser)
MIAMI -- Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven't seen this year.
2008-11-27 05:09:45 -
Economists tip 0.75pc rate cut (Adelaide Now)
OFFICIAL interest rates are tipped to be cut by between 75 and 100 basis points before Christmas as the global financial crisis stirs fears of a possible recession.
2008-11-27 06:00:00 -
Economists can’t agree size of next rate cut (The West Australian)
Official interest rates are tipped to be slashed before Christmas as the worst global financial crisis in decades stirs fears about a possible recession in Australia next year. All 18 economists surv
2008-11-27 06:05:25 -
RBA's Christmas gift a hefty rate cut (Daily Telegraph)
INTEREST rates are set to be slashed before Christmas, as the worst global financial crisis in decades stirs recession fears.
2008-11-27 06:13:00 -
Mortgage rates decline - Los Angeles Times
Rates on 30-year fixed-rate mortgages averaged 6.04% this week, down from 6.14% last week, mortgage company Freddie Mac said. Rates on 15-year fixed-rate mortgages dropped to 5.73% from 5.81% last week, while five-year adjustable-rate mortgages fell ...
2008-11-21 01:58:00 -
ANZ drops fixed mortgage rates - The Age
ANZ has matched National Australia Bank's and Commonwealth Bank's cut to interest rates on fixed home loans, lowering the rates by up to 100 basis points. ANZ has dropped the interest rate on one and two year fixed home loans by 1.00 percentage point ...
2008-11-20 09:05:00 -
U.S. Consumer Loan Aid Will Only Trickle So Far - Free Internet Press
If you’re buying a home, refinancing a mortgage or seeking an auto or student loan, the new government plans to make borrowing cheaper and easier sound like a gift. One problem, however, is that whole categories of people may be ineligible. If you ...
2008-11-27 02:52:00 -
World markets up after Wall Street rally - Santa Cruz Sentinel
LONDON — European stock markets closed higher Thursday in the wake of earlier gains in Asia and Wall Street's fourth consecutive rise on Wednesday, before the Thanksgiving holiday. Indian markets were closed after deadly attacks in the country's ...
2008-11-27 04:53:00 -
Clock ticks for sovereign debt markets (Sydney Morning Herald)
The recent rally in government bonds globally may be nearing its eleventh hour after a historic flight to safer assets pushed yields down to their lowest since World War II.
2008-11-27 04:49:53 -
What is it like to be a mortgage broker? (BBC News)
What is it like trying to help people take out mortgages when the housing market is plummeting and products keep being withdrawn?
2008-11-27 05:04:55