Mortgage and Financial News From 2008-1-3

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• US 30-year mortgage rates lowest in 4 weeks

  Reuters - Last: WASHINGTON, Jan 3 (Reuters) - Interest rates on U.S. 30-year mortgages fell to their lowest averages in four weeks, according to a weekly survey released by mortgage giant Freddie Mac (FRE.N: Quote , Profile , Research ) on Thursday. U.S. 30 ...
  2008-01-03 12:19:00

• 30-year mortgage rate slips to 6.07%

  Chicago Sun-Times - Rates on 30-year mortgages fell last week to the lowest level in a month as investors found new reasons to worry about a possible recession. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.07 percent ...
  2008-01-03 02:07:00

• Regions sees $360 mln loan loss, $131 mln charges - Guardian Unlimited

  Regions sees $360 mln loan loss, $131 mln chargesGuardian Unlimited, UK - 1 hour agoOn Wednesday, Cleveland-based National City Corp eliminated 900 mortgage jobs, cut its dividend 49 percent, and said it hired Goldman Sachs to raise more ...
  2008-01-03 03:09:23

• Subprime mortgage problems will hit home soon - Bloomington Pantagraph

  Subprime mortgage problems will hit home soonBloomington Pantagraph,  USA - 1 hour agoThough historically low around 6 percent, mortgage rates could be lower now if it weren’t for the subprime loans, said Chris Haag, chartered financial ...
  2008-01-03 03:10:52

• Can't Live Without Credit Cards? Here's How to Live with Them - AllBusiness

  Can't Live Without Credit Cards? Here's How to Live with ThemAllBusiness, CA - 1 hour ago... card increases your interest rate if you are late on an unrelated payment to a different credit card company, a utility company, or a mortgage lender, ...
  2008-01-03 03:13:28

• Peru not to be Affected by US Subprime Mortgage Crisis - Living in Peru

  Peru not to be Affected by US Subprime Mortgage CrisisLiving in Peru, Peru - 1 hour ago(LIP-ir) -- Investment flows to Peru will not stop in 2008 in spite of the subprime mortgage crisis in the United States, said today Jose Luis Escriváthe, ...
  2008-01-03 03:17:24

• S&N joins sector’s fall - Times Online

  S&N joins sector’s fallTimes Online, UK - 1 hour agoIt was Next’s warning that hurt most since it said it expected higher mortgage rates to hit consumer spending in 2008. Home Retail Group, owner of Argos and ...
  2008-01-03 03:22:52

• Credit Card Delinquency: The High Price of Late Payments - Creditor Web

  Credit Card Delinquency: The High Price of Late PaymentsCreditor Web, OK - 59 minutes agoThe card issuers argue that the mortgage crisis is leaving them with too many delinquent card holders, and that they should have the right to regulate their ...
  2008-01-03 03:31:28

• Ease the squeeze: Swan says govt helping with petrol prices - Scopical

  Ease the squeeze: Swan says govt helping with petrol pricesScopical, Australia - 52 minutes agoThe hike will lift the bank's official variable interest rate to 8.69%, and is expected to add an additional $20 to an average mortgage of $200000. ...
  2008-01-03 03:39:00

• 2008 Legislative Preview: After tackling taxes, Assembly faces ... - Daily Record (subscription)

  2008 Legislative Preview: After tackling taxes, Assembly faces ...Daily Record (subscription), MD - 46 minutes agoMortgage regulation should also be a hot topic during the session. Many legislators have indicated that they would like to crack down on mortgage ...
  2008-01-03 03:44:42

• Credit supply to worsen - Guardian Unlimited

  Credit supply to worsenGuardian Unlimited, UK - 40 minutes agoIts latest credit conditions survey also showed that mortgage defaults are likely to increase. More than a million borrowers will come off cheap fixed-rate ...
  2008-01-03 03:51:09

• Soaring Oil Price a Warning Signal for Korea¡¯s Economy - Chosun Ilbo

  Soaring Oil Price a Warning Signal for Korea¡¯s EconomyChosun Ilbo, South Korea - 33 minutes agoOil prices skyrocketed by more than 50 percent year-on-year, destabilizing commodity prices and interest rates unstable and putting exporters on alert. ...
  2008-01-03 03:57:27

• Track to win the mortgage race - MSN Money UK

  Track to win the mortgage raceMSN Money UK, UK - 27 minutes agoIn October, almost 70% of new mortgage loans were on a fixed rate basis, but with two-year fixed rates and base rate trackers neck-and-neck in terms of the ...
  2008-01-03 04:03:13

• Pimco founder tops fixed-Income fund managers - Financial News Online US

  Pimco founder tops fixed-Income fund managersFinancial News Online US, UK - 23 minutes agoBut in October, the bond manager which is part of German insurer Allianz bought more than $5bn in mortgage-backed securities, signaling price declines on ...
  2008-01-03 04:07:57

• Credit conditions to tighten further - The Herald

  Credit conditions to tighten furtherThe Herald, UK - 23 minutes ago... crisis as banks and building societies cut materially the amount of mortgage lending they are willing to do and demand higher interest rates on loans. ...
  2008-01-03 04:08:07

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