Mortgage and Financial News From 2007-10-5 Page 5

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  • American Dream turns to a nightmare for some owners (The Arizona Republic)

    A generation ago, families celebrated getting a mortgage and again when they retired the loan. A home meant security. But all that's changed, especially in places like Queen Creek.{s}Boom then bust{b} Valley foreclosure data{b} Recent home sales l Real estate blog
    2007-10-05 01:53:45
  • Web resources (Minneapolis-St. Paul Star Tribune)

    Trying to figure out how much your mortgage payment will be if you refinance? This website offers a variety of mortgage calculators and other financial information: www.mortgage-calc.com/.
    2007-10-05 01:08:56
  • Personal loans: up close – and jolly expensive

    Daily Telegraph - In the months ahead, many homeowners are going to be hit with higher interest rates on their mortgage and there is also Christmas ahead which is always an expensive time of year. If the credit crunch continues, we are likely to see more rate rises ...
    2007-10-05 03:56:00
  • Savings and loans diverge from Bank’s base rate

    Financial Times - Some mortgage rates are also on the rise. Abbey’s variable tracker has increased 0.1 per cent while its fixed deals for five and 10 years have dropped by 0.15 per cent. At Nationwide, discounted deals have increased by up to 0.2 per cent for two ...
    2007-10-05 06:31:00
  • FTSE rallies on Wall Street strength

    Financial Times - ABN Amro, which was previously “overweight” the sector, cautioned that the combination of higher mortgage rates, stricter lending criteria and lower consumer confidence would impact the UK housing market over the next two years, raising the ...
    2007-10-05 06:31:00
  • Renting 'now cheaper than buying'

    BBC News - Despite a long period of low interest rates, mortgage costs as a percentage of income - seen by some as a fairer measure of affordability - have also virtually doubled over the same period to more than 32%. The figures show the most expensive place ...
    2007-10-05 09:30:00
  • International CDs Come With Higher Rates, Risks

    Wall Street Journal - In fact, some banks with big mortgage-lending arms have sweetened rates for depositors in the past two months. Recently, Countrywide Financial Corp.'s bank unit was paying an annual percentage rate of 5.5% for its 12-month CD, for example. IndyMac ...
    2007-10-05 03:20:00
  • Mortgage rates fall after two weeks of increases

    MSNBC - WASHINGTON - Rates on 30-year mortgages fell this week after two consecutive increases, providing a break for potential home buyers and the beleaguered housing industry. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate ...
    2007-10-04 12:16:00
  • A Mortgage for Richer or Poorer

    Washington Post - When the index is down, payments go down, just as payments on an adjustable-rate mortgage go down when interest rates fall. How does the bank pay for this reduction in interest due when prices fall? The loan balance increases when prices rise. This ...
    2007-10-05 01:12:00
  • Market report: Property stocks rocky, builders down to earth

    Daily Telegraph - The broker thinks trading conditions in the housing market will become more difficult "as the combined effect of five interest rate rises and the recent credit market crunch result in higher mortgage rates, stricter lending standards and lower ...
    2007-10-05 04:39:00
  • Hawaii banks offer 6 percent for 30-year mortgage

    Pacific Business News - Hawaii's four largest banks each offered rates of 6 percent on 30-year fixed mortgages this week, as national mortgage rates dropped after three weeks of increases. American Savings Bank offered the loans for 1.875 points, while Bank of Hawaii ...
    2007-10-05 11:53:00
  • Business Events for the Coming Week

    Boston Globe - WASHINGTON -- Commerce Department reports on international trade for August, 8:30 a.m.; Labor Department reports on weekly jobless claims, 8:30 a.m.; Freddie Mac , the mortgage company, reports on mortgage rates. PURCHASE, N.Y. -- PepsiCo Inc. releases ...
    2007-10-05 03:35:00
  • US mortgage rates rose on Friday - BestInfo

    Reuters - NEW YORK, Oct 5 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points rose 1/8 of a percentage point on Friday to 6-5/8 percent, according to BestInfo Inc. U.S. bond markets will be closed on Monday in observance of the ...
    2007-10-05 01:47:00
  • House made of insulated panels is a first for building crew

    Minneapolis Star Tribune - Geometry lesson Consumers mistakenly believe it's a bad time to get good mortgage House ... Editor's note: Follow the Hammonds' progress with their new house by going to ... Sun is out, but more rain pending 2 arrested in lender fraud Zebra mussels found in ...
    2007-10-05 12:57:00
  • Tax firm charged with fraud

    Phoenix Business Journal - Tax firm charged with fraud The Business Journal of Phoenix - by W.J. Hennigan The Business Journal Eight members of an East ... In some occurrences, Accountable allegedly filed mortgage interest deductions for clients who didn't even own property ...
    2007-10-05 02:30:00