Mortgage and Financial News From 2009-1-23 Page 01

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• Friday bounce a hollow victory (SmallCapInvestor.com via Yahoo! Finance)

  Even with a bounce off 7-week lows, the Russell 2000 still generated the second lowest close in more than five years on weekly studies.
  2009-01-23 06:46:15

• Run the Refinancing Numbers, Then Run Them Again (New York Times)

  There?s more to consider in a refinancing loan than the advertised interest rate.
  2009-01-23 07:35:54

• UK & World News: Rent 'cheaper for first-time buyer' (icNewcastle - Sunday Sun)

  It is still cheaper for first-time buyers to rent a home than buy one, despite house prices falling by 16% in the past year, according to a study.
  2009-01-23 07:50:54

• Costs and Tighter Rules Thwart Refinancings (Rocky Mount Telegram)

  As mortgage rates hit new lows every week, the number of homeowners seeking to refinance their homes...
  2009-01-23 08:07:50

• Eight Tips for Landing a Mortgage (BusinessWeek)

  
  2009-01-23 09:17:13

• Food prices eat in to household incomes (National Post)

  Car-driving Canadians continued to receive a welcome reprieve from lower gasoline prices in December. But for those that like to eat, which is likely most, food prices have persistently escalated and are predicted to remain costlier in the coming months.
  2009-01-23 11:45:24

• Run the Refinancing Numbers, Then Run Them Again - Atlanta Journal Constitution

  With mortgage rates at tantalizing lows, homeowners are trying to refinance their loans in droves. Should you join the crowd? If you have top-notch credit, substantial home equity and expect to stay in your home for several years, refinancing may ...
  2009-01-23 08:03:00

• Costs and Tighter Rules Thwart Refinancings - Atlanta Journal Constitution

  As mortgage rates hit new lows every week, the number of homeowners seeking to refinance their homes has spiked to its highest level in five years. But many have been unable to win approval for their applications. And even some of the homeowners who ...
  2009-01-23 08:03:00

• What's your take of the Fed's moves to engineer lower mortgage rates? - US News and World Report

  It is a bad thing. They are trying to maintain high home prices by keeping interest rates low. That's how they want to create more affordable housing. What's a much more efficient way [to create more affordable housing] is to let home prices fall so ...
  2009-01-23 04:21:00

• Mortgage rates creep up - Birmingham Business Journal

  After 11 straight weekly declines, mortgage rates rose modestly this week. Freddie Mac ’s weekly report shows the average interest rate for a 30-year, fixed-rate mortgage was 5.12 percent this week, up from last week’s 4.96 percent, the lowest 30 ...
  2009-01-23 05:33:00

• New bank package comes with 100 billion kroner fund (The Copenhagen Post)

  Banks and mortgage lenders can receive funding from a pool of 100 billion kroner over the next three years thanks to the government's new bank lending package, approved by parliament on Sunday.
  2009-01-23 09:16:50

• Eight Tips for Landing a Mortgage (BusinessWeek)

  
  2009-01-23 09:17:13

• Popular business directory searches (The Edmond Sun)

  EDMOND — Who doesn’t like to talk about the billions of dollars that are being pumped onto our economy by the government? Better yet, who doesn’t have an opinion on ways to improve the way it’s being spent? Oh, and by the way, when can I expect my stimulus check to hit my mailbox?
  2009-01-23 10:10:21

• HMN Financial, Inc. Announces Fourth Quarter Results (Business Wire via Yahoo! Finance)

  ROCHESTER, Minn.----HMN Financial, Inc:
  2009-01-23 10:30:00

• Chinese thriftiness no saving grace (The Globe and Mail)

  Someone must take up the slack. Why not China?
  2009-01-23 10:42:23

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