Mortgage and Financial News From 2009-4-25 Page 01

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• Rate on 30-Year Fixed Mortgage Inches Down to 4.8% - CNBC

  FRE   Loading...       ( )   ] . Three weeks earlier, mortgage rates were 4.78 percent, which was the lowest since Freddie Mac started surveying them in 1971. The drop is a glimmer of hope for the U.S. housing market amid otherwise dismal ...
  2009-04-23 10:05:00

• Mortgage Rates Dip Slightly To 4.80% - HULIQ.com

  The most recent Freddie Mac mortgage market survey, released Thursday, showed that 30-year, fixed mortgage rates slipped to 4.80 percent this week, down from 4.82 percent. One year ago, mortgage rates for a 30-year fixed rate mortgage sat at 6.03 ...
  2009-04-25 02:57:00

• Are Utica schools making the grade? - Utica Observer Dispatch

  Are Utica schools making the grade?Utica Observer Dispatch, NYBut test scores and graduation rates cannot just be compared to the money spent, said Barbara Bradley, deputy director of communications and research for the state School Boards Association. “You have to look at what the student population is and what ...
  2009-04-25 10:49:40

• What we want from government - renewamerica.us

  What we want from governmentrenewamerica.us, DCBack in the 1990's government started interfering with the mortgage market to force down interest rates and to compel banks to make insecure loans. Right after we got over the dot-com bubble, the real-estate bubble started blowing up. ...
  2009-04-25 04:47:26

• Tax bill squeaks through Minnesota House; calls for higher taxes ... - Pioneer Press

  Tax bill squeaks through Minnesota House; calls for higher taxes ...Pioneer Press, MNImpose one the highest income tax rates in the nation on couples who make more than $300000 a year. The bill also would eliminate dozens of income and corporate tax breaks and replace the deductions for home mortgage interest and charitable ...
  2009-04-25 10:53:55

• Rates are low, but hurdles are high for mortgage refinancing - Contra Costa Times

  Rates are low, but hurdles are high for mortgage refinancingContra Costa Times, CA"The appraisal is like hitting a brick wall," said Maley, a 22-year veteran of the mortgage industry. "People can qualify (for loans), but I've seen banks tear appraisals apart and want further explanation on comps (comparable nearby sales) from ...
  2009-04-25 10:57:08

• Wednesday: Commerce Department releases first-quarter gross ... - Atlanta Journal Constitution

  Wednesday: Commerce Department releases first-quarter gross ...Atlanta Journal Constitution,  USAThursday: Labor Department releases weekly jobless claims, 8:30 am; Commerce Department releases personal income and spending for March, 8:30 am; Freddie Mac, the mortgage finance company, releases weekly mortgage rates. ...
  2009-04-25 11:03:47

• Giving, receiving assistance - Myrtle Beach Sun News

  Giving, receiving assistanceMyrtle Beach Sun News, SCPeppertree Ocean Club is giving free rooms for three nights to people displaced from the Barefoot area and discounted rates for others affected by the fire. They don't allow pets. Call 249-1421 for information or to make a reservation. ...
  2009-04-25 11:04:16

• Equal-opportunity calamity - Albany Times Union

  Equal-opportunity calamityAlbany Times Union, NYSuddenly, it becomes impossible to pay a mortgage of, say, $2400 or $2500 a month. Meanwhile, credit card balances swell and interest rates get hiked. At the Consumer Credit Counseling Service of the Capital Region and Hudson Valley, a nonprofit in ...
  2009-04-25 11:15:22

• First-timers, it's time to buy - Reading Eagle

  First-timers, it's time to buyReading Eagle, PAIn addition to low interest rates and reasonably-priced homes currently on the market, that is the case thanks in large part to the $8000 tax credit currently being offered by the federal government. Initially, the credit was a $7500 repayable credit ...
  2009-04-25 11:17:50

• Even in a recession, some companies are hiring - Palm Beach Post

  Even in a recession, some companies are hiringPalm Beach Post,  United StatesMortgage servicing companies - those that collect payments for the lenders that originated them - are also hiring as lower mortgage rates fuel mortgage refinance applications. Marina Walsh, associate vice president of industry analysis at the Mortgage ...
  2009-04-25 11:19:19

• Credit changes can cost plenty - GoErie.com

  Credit changes can cost plentyGoErie.com, PAAs a result, Greg McBride, a senior financial analyst at Bankrate.com, said that if you're in the market for a mortgage in six months or so, you do not want to cancel a card. Others could be better off sticking with the lower rate, even if it means ...
  2009-04-25 11:36:29

• GET OFF THE SIDELINES AND BUY A HOUSE - Florida Times-Union

  GET OFF THE SIDELINES AND BUY A HOUSEFlorida Times-Union, FLI've tested the waters, and I've got a very low fixed interest rate and a great price to build my first house on a prime lot in a highly-valued Jacksonville community. I'm so glad I waited on home prices to fall before applying for a mortgage. ...
  2009-04-25 11:48:06

• Bonds are not yet due a reversal of fortunes - Peninsula On-line

  Bonds are not yet due a reversal of fortunesPeninsula On-line, Qatar... a new era of rising long-term rates, “all investment portfolios will be shredded to ribbons”. Instead, the market for corporate and mortgage debt went into turmoil, and government bond yields shot down once more as investors headed for safety. ...
  2009-04-26 12:02:53

• Banks see brighter days ahead - Gainesville Times

  Banks see brighter days aheadGainesville Times, GAAmong the contributing factors were a huge drop in interest rates. "Rates had the biggest drop ever, 375 basis points in an 11-month period," Quinn said. "When rates drop that much everybody's net interest margins get squeezed and nobody can make any ...
  2009-04-26 12:09:00

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