Mortgage and Financial News From 2009-1-10 Page 01

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  • NJ Gov Signs Anti-Foreclosure Measure - 1010Wins

    TRENTON, N.J. (AP) -- Housing advocates are praising new legislation meant to help financially distressed homeowners in New Jersey. But they also say there's much more to be done as the housing crisis is expected to worsen in the months ahead. The ...
    2009-01-10 05:05:00

  • Falling values devour equity (The Press-Enterprise)

    Enticed by the lowest mortgage rates in decades, many Inland Southern California homeowners are eager to refinance to lower their monthly house payments.
    2009-01-10 10:29:49

  • Food and beverage tax could help expand convention center (Bedford Times-Mail)

    State Rep. Peggy Welch is expected to introduce legislation this week for a local food and beverage tax that, if approved by the Indiana General Assembly and adopted by the Monroe County Council, could be used to expand the Bloomington Convention Center of Monroe County.
    2009-01-10 10:43:47

  • Good, bad news surrounds refinancing (ABC12 Mid-Michigan)

    For those of you thinking of refinancing a home, there's good news and bad news.
    2009-01-10 11:14:40

  • Builders want incentives enhanced (Pittsburgh Tribune-Review)

    How badly is the credit crunch hurting the local home-building industry? The Builders Association of Greater Pittsburgh hopes to have a better idea this month, when the trade group gets the results a survey of its 300 members.
    2009-01-10 11:15:43

  • Oregon jobless rate ranks among worst (The World)

    Unlike the last recession, today’s unemployment hot spots are all over the map.
    2009-01-10 05:19:57

  • Office market to worsen before it recovers (Connecticut Post)

    Don't expect emergency federal spending to immediately kick-start the region's commercial real estate market, said Kenneth McCarthy, managing director of research for the New York region of Cushman
    2009-01-10 05:41:11

  • Chris Watling: Britain is headed for the wilderness if we borrow more instead of saving (Independent)

    Once again, the Bank of England has brought interest rates down. This time it was a 0.5 percentage point cut, taking rates down to 1.5 per cent – their lowest since the central bank was established in 1694.
    2009-01-10 06:05:31

  • How mortgage and savings providers are reacting to the base rate cut (Guardian Unlimited)

    This month's 0.5 percentage point cut in the Bank of England base rate brings interest rates to their lowest level in history, but the cost of mortgages may not necessarily fall in line with it. Here's a round-up of what lenders have said so far about mortgage rates. We will be updating it over the comings days. Halifax is to cut its standard variable rate (SVR) by 0.25%, to 4.50% with ...
    2009-01-10 06:13:30

  • On the House: Low rates, but banks hold back - Philadelphia Daily News

    As mortgage rates decline, the question most readers are asking me these days is this: How low can they go? What the experts are telling me is that the rates could fall below 4 percent without more government intervention. The Fed's decision to ...
    2009-01-04 08:59:00

  • Mortgage Rates Forced Down by the Fed - Voiceof San Diego

    As I noted a couple weeks back, the Federal Reserve will be conjuring money out of thin air to buy "large quantities" (their words) of mortgage-backed securities. The mere anticipation of this flood of freshly-printed cash into the mortgage market ...
    2009-01-01 05:59:00

  • China banks begin offering reduced mortgage rates - Xinhua - CNBC

    BEIJING (XFN-ASIA) - China's major commercial banks are beginning to offer mortgage rates for eligible borrowers at 70 pct of the benchmark rate from 80 pct, in accordance with a central bank ruling late last year, the official Xinhua news agency ...
    2009-01-03 05:57:00

  • Rates attract business - Colorado Springs Gazette

    Low interest rates have sparked what some are calling an unprecedented flurry of home mortgage refinancing applications in recent weeks, a bright spot in a bleak local real estate market. Still, some mortgage bankers said they're seeing some ...
    2009-01-09 05:57:00

  • Now is a great time to refinance your mortgage - Anderson Independent-Mail

    I do not know if you have been watching mortgage rates lately, but it might be a great time to refinance your existing mortgage or purchase a home. According to Zillow.com on Wednesday, fixed rates on 15-year mortgages are at 4.51 percent and 4.87 ...
    2009-01-10 07:21:00

  • Nightmare street for house buyers (The Star)

    It's a great dream that has turned into a nightmare for many Australian families whose debts are overtaking their earnings.
    2009-01-10 06:41:05

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