Mortgage and Financial News From 2008-1-26 Page 5

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  • Commercial-Mortgage-Bond Yield Spreads Rise Most Ever (Update1)

    Bloomberg - ... yields paid under contracts in which floating-rate payments tied to short-term market rates are offered in return. A basis point is 0.01 percentage point. BBB- Securities Commercial-mortgage bonds rated BBB-, the lowest ...
    2008-01-25 01:55:00

  • Fed’s finger in the dike on mortgage rates

    Minneapolis Star Tribune - In the wake of this week's sharp rate cut by the Federal Reserve, mortgage interest rates dipped to their lowest level in at least four years -- perhaps presenting a strong opportunity for people who have been waiting to refinance adjustable-rate ...
    2008-01-24 03:58:00

  • What the turmoil will mean - Times Online

    What the turmoil will meanTimes Online, UK - 2 hours agoFirst Direct has a two-year offset mortgage that is fixed at 4.75% – 0.75 points below Bank rate. Interest rates would therefore need to fall three times ...
    2008-01-26 07:14:02

  • STEPHANIE SALTER: You want your fix in pill form or straight from ... - Terre Haute Tribune Star

    STEPHANIE SALTER: You want your fix in pill form or straight from ...Terre Haute Tribune Star, IN - 2 hours agoIf you must seek medical care, immediately charge it to the credit card with the lowest balance in your wallet. 8. Apply for and use every credit card offer ...
    2008-01-26 07:33:26

  • Sellers Sweeten The Deal - Hartford Courant

    Sellers Sweeten The DealHartford Courant, United States - 2 hours agoAlthough mortgage rates are favorable, homes are staying on the market longer than last year, Mansolillo said. Many sellers believe their home should sell ...
    2008-01-26 07:56:43

  • Renovated homes are strongest sellers in NO market - The Times-Picayune - NOLA.com

    Renovated homes are strongest sellers in NO marketThe Times-Picayune - NOLA.com, LA - 1 hour agoInterest rates, at their lowest point in decades, could help tempt them back into the market. "It will be easier to sell your home in 2008 than it was in ...
    2008-01-26 08:27:47

  • In a slump: Low home sales hit Carroll - Carroll County Times (subscription)

    In a slump: Low home sales hit CarrollCarroll County Times (subscription), MD - 1 hour agoFollowing the Federal Reserve’s cut in interest rates Tuesday, the typical interest rate on a 30-year fixed-rate mortgage in the county was 5.632 percent, ...
    2008-01-26 08:28:37

  • Shaky economy has worried consumers cutting back - MetroWest Daily News

    Shaky economy has worried consumers cutting backMetroWest Daily News, MA - 1 hour agoThe housing market is certainly the most often cited cause of economic conditions these days as is the mortgage crisis that followed it, with bad loans ...
    2008-01-26 08:36:03

  • Amid chaos, local financial planners urge investors to be patient - The Tribune-Democrat

    Amid chaos, local financial planners urge investors to be patientThe Tribune-Democrat, PA - 1 hour agoHe said mortgage rates that low have not been seen since the months following the terrorist attacks of Sept. 11, 2001. Carpenter said falling interests ...
    2008-01-26 08:45:59

  • Reviewer of Subprime Loans Agrees to Aid Inquiry - New York Times

    Reviewer of Subprime Loans Agrees to Aid InquiryNew York Times, United States - 53 minutes ago“At the heart of the subprime meltdown is the inability to get information,” said Howard Glaser, a mortgage industry consultant who used to work for Mr. ...
    2008-01-26 09:06:44

  • Mortgaged first, then bankrupt - The Union Leader

    Mortgaged first, then bankruptThe Union Leader, NH - 53 minutes ago"It's going to allow bankruptcy courts to modify mortgage rates for people who have adjustable rate mortgages," he explained. "So that if the mortgage ...
    2008-01-26 09:06:53

  • Engle offers incentives galore at Cypress Creek - Tampa Tribune

    Engle offers incentives galore at Cypress CreekTampa Tribune, FL - 45 minutes agoLots of inventory, motivated sellers and good mortgage rates are playing into the hands of buyers, she says. "Now is the time to buy because I doubt there ...
    2008-01-26 09:15:02

  • Governor's Task Force Helps Those Facing Foreclosure - KMPH Fox 26

    Governor's Task Force Helps Those Facing ForeclosureKMPH Fox 26, CA - 4 minutes agoUnexpected rises in interest rates have forced many residents into debt, as they try to pay off their mortgages. On Saturday, a Sub-Prime Mortgage Workshop ...
    2008-01-26 09:55:22

  • Wall Street, Main Street feel economy's ills (The Press-Enterprise)

    DOWNTURN: Experts may balk at using the "R-word," but consumers and businesses see signs of trouble.
    2008-01-26 05:30:43

  • Renovated homes are strongest sellers in N.O. market (New Orleans Times-Picayune)

    The owner who walked away from a flooded house, stuck a for-sale sign out front and crossed his fingers for a buyer in search of a bargain did not exactly get a rush of interest last year.
    2008-01-26 08:28:24

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