Mortgage and Financial News From 2008-12-17 Page 01
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NAMB Names AllRegs as Association's Official and Exclusive Training ... - PR Inside
training, hera, fha, continuing education, mortgage brokers - AllRegs, the leading information provider for the mortgage lending industry, today announced that it is now the official and exclusive training provider for the National Association of ...
2008-12-17 03:11:00 -
Expectations mounting for Bank of Japan rate cut - PR Inside
TOKYO (AP) - The U.S. Federal Reserve's interest rate cut to new lows has intensified speculation that Japan's central bank will follow suit this week and also slash its key rate to nearly zero. Goldman Sachs predicts that the Bank of Japan's policy ...
2008-12-17 09:59:00 -
Morgan Stanley Posts $2.36 Billion Loss (New York Times)
Revenues in every corner of the bank fell, even when compared to last quarter, showing a deteriorating environment that cut across businesses.
2008-12-17 09:35:13 -
A refinancing rush as interest rates come down (San Jose Mercury News)
Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Fed's extraordinary decision. Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.
2008-12-17 11:01:55 -
Home sales in Fayetteville plunge during November (The Fayetteville Observer)
The recession jitters that have paralyzed many potential homebuyers across the U.S. have apparently caught up with the Fayetteville market. In November, home sales declined 41 percent from the same month in 2007, according to figures from the Fayetteville Regional Association of Realtors.
2008-12-17 11:13:08 -
It's refi -- not buy -- in Seattle's housing market (Seattle Post-Intelligencer)
Unusually low interest rates have spurred a run of mortgage refinancings in the Seattle area, but not necessarily more home purchases.
2008-12-17 11:24:53 -
A refinancing rush as interest rates come down (Bay News 9 Tampa Bay)
By ALAN ZIBEL (AP) -- Tony Jabon had an e-mail in to his mortgage broker by 10 a.m. The 35-year-old environmental consultant in Charlotte, N.C., had heard about the Federal Reserve's decision to cut its key interest rate to nearly zero and wanted to refinance to something lower than 5.5 percent.
2008-12-17 11:28:36 -
Rate cut spurs refinancing surge (Asheville Citizen-Times)
Tony Jabon had an e-mail in to his mortgage broker by 10 a.m.
2008-12-17 11:29:49 -
Chrysler, Ford idle factories; GM delays new plant (Asheville Citizen-Times)
DETROIT (AP) -- Chrysler announced Wednesday it is closing all its North American manufacturing plants for at least a month, the starkest move taken by U.S. automakers as they anxiously await word about government loans....
2008-12-17 11:31:10 -
Homeowners make dash for low interest rates - Fort Lauderdale Sun-Sentinel
Homeowners in South Florida and across the nation rushed to contact their mortgage brokers on Wednesday to take advantage of the Federal Reserve 's decision the day before to cut its key interest rate to nearly zero. "They're calling big-time," said ...
2008-12-17 09:16:00 -
Rates are down, but refinancing not best for all - St. Petersburg Times
Story Tools With mortgage interest rates dipping as low as 4.75 percent on Wednesday, Tampa Bay area homeowners should be clamoring to refinance with some of the cheapest home loans in generations. Or should they? Thanks to a 30 percent drop in home ...
2008-12-17 08:54:00 -
Home Builders Association Wants To See 2.9% Mortgages - Wall Street Journal
WASHINGTON (Dow Jones)--The National Association of Home Builders wants to see mortgage rates fall even lower than the 4.5% the U.S. Treasury had been mulling a plan to offer. The association is pushing a plan to bring mortgage rates to 2.9% for the ...
2008-12-17 04:37:00 -
Mortgage Rate Cuts Good for Housing Market (KIFI Idaho Falls)
Mortgage rates are as low as 4.5 percent in south eastern Idaho. The housing market has been in a slump here locally, and that's why this rate cut couldn't come at a better time and season.
2008-12-17 07:54:30 -
Housing loan approvals surge after big OCR cut (The New Zealand Herald)
Alan Bollard's latest move has sent house buyers scurrying on to the market to finalise deals on properties. Housing loan approvals jumped 30.6 per cent in the week to December 12 to 9,314, the highest weekly number since June 2007 when the housing boom was at its peak.
2008-12-17 07:56:48 -
Fed rate cut sparks a rush of refinancing (MSNBC)
Homeowners across the United States on Wednesday took advantage of the Federal Reserve's extraordinary decision to lower interest rates, refinancing their homes.
2008-12-17 08:05:04