Mortgage and Financial News From 2009-5-30 Page 01
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Home Sales Hit Lowest Point In Nearly 20 Years - Worcester Business Journal
Despite low mortgage rates, more affordable prices and federal tax credits for first-time buyers, single family home sales fell to their lowest April total since 1990 last month. April saw just 2,731 single family home sales compared to 3,196 during ...
2009-05-26 08:15:00 -
Future of coal discussed at meeting - Beckley Register-Herald
Future of coal discussed at meetingBeckley Register-Herald, WVAlthough renewable energy sources like wind, hydro and solar are becoming popular buzzwords politically, Cushman said implementing them practically will produce a huge mortgage for upcoming generations. “Solar, wind and hydro are low-cost alternatives ...
2009-05-30 10:03:19 -
Advice For Potential Homeowners - WAPT.com
Advice For Potential HomeownersWAPT.com, MSBut this week's surge in mortgage rates has effectively slammed the brakes on what was an avalanche of refinancings. Applications to refinance dropped almost 19% this week. Cash-strapped homeowners worry they've missed their chance to save a bundle. ...
2009-05-30 10:14:17 -
Commercial real estate in straits - Anchorage Daily News
Commercial real estate in straitsAnchorage Daily News, AKThe major provider of larger commercial real estate loans during the past 25 years has been "commercial mortgage backed securities," or CMBS. These are financing vehicles in which a lender pools various mortgages, slices them up and sells the pieces to ...
2009-05-30 10:17:04 -
Where should you put your money for the best returns? - Irish Independent
Where should you put your money for the best returns?Irish Independent, IrelandIn May 2007, the ECB rate stood at 3.75 per cent. Falling interest rates are great for borrowers -- but not so good for savers. Just as ECB rate cuts have been passed on to a lot of borrowers through lower mortgage repayments, savers have seen the ...
2009-05-30 10:56:49 -
Little faith, even less credit - Pittsburgh Tribune-Review
Little faith, even less creditPittsburgh Tribune-Review, PAThis would devastate long-dated Treasury prices, sending yields sky-high and, with them, mortgage rates. Should investors become unnerved as to the continued triple-A credit rating of US Treasuries or the stability of the US dollar, the resulting ...
2009-05-30 11:01:22 -
State House Dome: Lynch eyes new tax on refinancing - The Union Leader
State House Dome: Lynch eyes new tax on refinancingThe Union Leader, NHThat includes what the refi tax rate will be, and how it will apply to businesses that file multiple mortgages that, in essence, cover each other. Ralph Coppola, past president of the Mortgage Brokers and Bankers Association, hasn't met with Lynch's ...
2009-05-30 11:04:40 -
Mixed signals on home sales - The Union Leader
Mixed signals on home salesThe Union Leader, NHShe said young buyers are out looking, at least partly spurred by an $8000 government tax credit for first-time home buyers, as well as low interest rates that have begun creeping up. It can take up to 60 days once an offer is accepted until the ...
2009-05-30 11:04:44 -
Higher-education bubble could burst next - Boston Herald
Higher-education bubble could burst nextBoston Herald, United States... backed largely by the US government - have kept raising tuitions at rates far ahead of inflation and then spent every nickel they got. The higher-ed scenario that some see unfolding is eerily similar to the recent dot-com and subprime-mortgage ...
2009-05-30 11:07:01 -
Cities step up to fight foreclosures - Boston Herald
Cities step up to fight foreclosuresBoston Herald, United StatesBy Laura Crimaldi Fed up with inaction at the State House and slow aid from Washington, Bay State cities and towns are pushing ahead with grassroots efforts to halt bank seizures and protect neighborhoods ravaged by the national mortgage crisis. ...
2009-05-30 11:07:02 -
'Always look on the bright side of life' - Business Report
'Always look on the bright side of life'Business Report, South AfricaThere has been a cumulative 4.5 percentage point cut since December, which has taken the repo rate to 7.5 percent, and the benchmark prime and mortgage rates to 11 percent. The interest rate cuts have left borrowers with more in their pockets. ...
2009-05-30 11:10:42 -
Bargains may still be out of reach for many John L. Johnson - FayObserver.com
Bargains may still be out of reach for many John L. JohnsonFayObserver.com, NCOver the last year, 30-year mortgage rates have come down from just over 6 percent, and 15-year fixed loans have dropped from about 5.5 percent to about 4.5 percent. Need a car? Although production lines have slowed or stopped, ...
2009-05-30 11:10:58 -
How to climb out of debt trap - Sify
How to climb out of debt trapSify, IndiaIn India it is common to find individuals taking up debt in the form of mortgage, to fund consumption, for children's education or for marriage or medical needs. The self-employed may borrow to start or expand their business. However, while taking debt ...
2009-05-30 11:15:32 -
Congrats, grads! Now it's time for repaying loans - Asheville Citizen-Times
Congrats, grads! Now it's time for repaying loansAsheville Citizen-Times, NCTo start, the default will go on your credit profile and likely obliterate your chances of getting any other type of loan, such as a credit card or mortgage. That's because federal loans, with their favorable interest rates, are regarded as among the ...
2009-05-30 11:22:56 -
Climbing a wall of worry - Nashua Telegraph
Climbing a wall of worryNashua Telegraph, NHMost recent mortgage rates hit 5.44 percent, up from 4.78 percent a week ago. To spur housing demand, the Federal Reserve has been working to keep mortgage rates low. If rates continue to creep up it could dampen a potential housing recovery. ...
2009-05-30 11:29:30