Mortgage and Financial News From 2008-12-29 Page 01
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EDITOR'S PICK - Marketwatch
Rates on 30-year mortgages at lowest since at least 1971 Freddie Mac: 30-year fixed rate mortgage falls to new low Week-to-week mortgage applications skyrocket 48%: MBA U.S. stock futures gain steam after data You'll need this 'Noah's Ark' survival ...
2008-12-24 12:11:00 -
Mortgage applications soar as rates fall - CNN Money
NEW YORK (CNNMoney.com) -- Near record low mortgage rates sent mortgage applications shooting higher last week, especially for refinances, according to an industry report. The Mortgage Bankers Association reported that its overall Market Composite ...
2008-12-24 06:56:00 -
Questions/Answers (Inland Valley Daily Bulletin)
Is 2009 the time to buy a home in the Inland Empire?
2008-12-29 12:40:50 -
MORTGAGE RATES CAN STILL FALL (New York Post)
US mortgage rates, already the lowest since Freddie Mac started tracking them in 1971, have plenty of room to fall, if history is any guide. Bloomberg data show the average 30-year fixed-rate mortgage is still relatively costly compared with the...
2008-12-29 01:38:04 -
Low interest rates make refinancing attractive option (The Joplin Globe)
If $1.39 per gallon of gas isn’t making you feel better about the economy, then try this: Rates on 30-year, fixed-rate mortgages fell before Christmas to a record low, causing refinancing applications to surge to the highest level in more than five years.
2008-12-29 10:00:14 -
FAST MONEY FEATURES - CNBC
"Question of the Day" right now. There’s no doubt that 2008 will be remembered as the year of the Fed. The central bank’s actions have been nothing short of historic. Following are just some of the unprecedented moves Ben Bernanke and company ...
2008-12-29 04:44:00 -
Low interest rates have homeowners refinancing and not selling - KHOU
HOUSTON -- Dr. Cleve Lewis is making improvements to his home. But he’s not planning on selling; he's looking to refinance. "I know this is the time to seize the moment," said Dr. Cleve Lewis, homeowner. Mortgage rates have hit an historic low ...
2008-12-28 05:57:00 -
Video: Dismal economic news expected this week (NBC 13 Birmingham)
The latest curve in the auto crisis comes from GMAC, the financial arm of General Motors that lends money to dealers to stock showrooms and lends cash to customers to buy cars.
2008-12-29 07:28:06 -
Top Scoops (Scoop.co.nz)
Dec. 30 – The New Zealand dollar reached a seven-month high against the British pound after a report showed the slump in U.K. property prices would extend into next year, indicating a prolonged recession.
2008-12-29 08:32:43 -
Gordon Brown press conference - live (Guardian Unlimited)
11:35am: Here he is. The lesson he's learnt from previous recessions is that you should not slow down on public service reform, he says. So he's telling us about the moves he's making on welfare reform, the post office and energy supplies. He's matching "tough decisions" with investment. "Even in the midst of a recession it's vital that we don't lose sight of [the need for reform]." The ...
2008-12-29 08:49:49 -
Beat meltdown heat: Pack lunch, avoid eating out (IBN live)
That's what a Canadian bank is telling people in a five-point blueprint.
2008-12-29 09:21:36 -
(AFX UK Focus) 2008-12-30 03:03 Nikkei up on last day in 2008 but logs worst year ever (Interactive Investor)
By Elaine Lies
2008-12-29 09:29:34 -
Low interest rates have homeowners refinancing and not selling (11 News Houston)
Incredibly low interest rates have many homeowners wondering if now is the time to refinance. But should you sieze the moment?
2008-12-29 09:30:34 -
5.7bn scramble to pay off home loans: Worried families making record ... - Daily Mail
Homeowners are ploughing money back into their properties at a record pace in an attempt to slash their debts, official figures show. An astonishing £5.7billion in mortgage debt was paid off between July and September this year. The mammoth cash ...
2008-12-29 06:17:00 -
Home owners no longer cashing in on value of homes - Daily Telegraph
The Bank of England said that between July and September, instead of withdrawing money, borrowers increased the equity in their homes by £5.7 billion - the largest injection of cash since records began in 1970. Falling house prices have eroded much ...
2008-12-29 06:53:00
