Mortgage and Financial News From 2008-1-28 Page 18

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  • Another rate cut would aid home owners (The Press-Enterprise)

    The escape hatch for homeowners worried about losing their homes to foreclosure could open wider if the Federal Reserve votes today or Wednesday to further lower its key interest rate.
    2008-01-28 06:46:16

  • Wall Street rises on rates hope

    News.com.au - Lower rates could ease the strain on mortgage borrowers. Shares of insurer American International Group Inc climbed 2.7 per cent to $54.67, while Bank of America Corp , the No 1 US bank by market value, jumped 2.7 per cent to $40.55 on the NYSE. On the ...
    2008-01-28 12:18:00

  • Wall Street advances on rates cut hopes

    Xinhua News Agency - While the report renewed market's concern that the housing and mortgage crises are causing a recession, it also raised hopes that the Fed might cut rates again due to weakening U.S. economy. Fast food seller McDonald's said Monday its quarterly ...
    2008-01-28 03:17:00

  • Price plunge spurs rise in housing stocks

    CNN Money - Better affordability, driven by lower home prices and mortgage rates, will likely help to spur sales activity in coming months," wrote Banc of America analyst Daniel Oppenheim. Homebuilders have been slashing prices to try to sell a glut of inventory ...
    2008-01-28 01:30:00

  • Overview: US recession worries hit Asia and Europe

    Financial Times - ... US economist at Barclays Capital, said: “Overall, the report suggests that demand for homes has yet to find a bottom as tighter credit and heightened uncertainty more than offset the stimulus from greater bargaining power and lower mortgage rates ...
    2008-01-28 03:03:00

  • Anworth Mortgage Asset Corporation Announces Quarterly Preferred Stock ...

    CNBC - Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including increases in the prepayment rates on the mortgage loans securing our mortgage ...
    2008-01-28 02:06:00

  • Bank of America mortgage volume up 13%

    MSN MoneyCentral - While last year was quite volatile for U.S. mortgage bankers, recent actions by the Federal Reserve as well as a flight to quality by investors has helped push mortgage rates lower," says Sam Garcia, MortgageDaily.com publisher. "As a result ...
    2008-01-28 11:14:00

  • Whitehouse backs expanded stimulus package - Providence Journal

    Whitehouse backs expanded stimulus packageProvidence Journal, RI - 1 hour ago“With many Americans already grappling with sharp increases in day-to-day costs, rising foreclosure rates and turmoil in the mortgage securities markets ...
    2008-01-28 04:43:50

  • Stimulating an economy not in recession - Reporter-Times

    Stimulating an economy not in recessionReporter-Times, IN - 1 hour agoMoreover, the proposed rebate is simply too small to bail out those about to face foreclosure because of rising mortgage interest rates. ...
    2008-01-28 04:48:03

  • Will Fed cut rates again this week? - Orange County Register

    Will Fed cut rates again this week?Orange County Register, CA - 1 hour agoThe subprime mortgage market remains firmly shut and is unlikely to reopen, regardless of how low interest rates go during this easing cycle. ...
    2008-01-28 04:53:18

  • Countrywide still top mortgage lender - Bizjournals.com

    Countrywide still top mortgage lenderBizjournals.com, NC - 1 hour ago... by the Federal Reserve as well as a flight to quality by investors has helped push mortgage rates lower," says Sam Garcia, MortgageDaily.com publisher. ...
    2008-01-28 04:54:02

  • Housing cost 'worst in years' - The Nelson Mail

    Housing cost 'worst in years'The Nelson Mail, New Zealand - 1 hour agoBuyers of a median-priced house in Nelson-Marlborough in December needed at least $1344.97 of weekly after-tax income for the mortgage to be considered ...
    2008-01-28 04:55:11

  • Bush to promise action on economy, environment - CTV.ca

    Bush to promise action on economy, environmentCTV.ca, Canada - 1 hour agoUS economic troubles were largely sparked by a fallout from the subprime mortgage crises, in which homeowners were hit hard by rising interest rates after ...
    2008-01-28 04:55:20

  • The Best Time to Purchase a Home? If You're Thinking of Buying a ... - American Chronicle

    The Best Time to Purchase a Home? If You're Thinking of Buying a ...American Chronicle, CA - 1 hour agoMortgage interest rates are at historic lows (5.45% for a fixed rate 30-year mortgage at the writing of this article) and, although they may continue to ...
    2008-01-28 05:03:53

  • Families spend four times more on their homes than 50 years ago - This is London

    Families spend four times more on their homes than 50 years agoThis is London, UK - 1 hour agoWe spend four times as much on the mortgage and household running costs as 50 years ago - but only half as much on food, a comparison of family spending ...
    2008-01-28 05:12:06

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