Mortgage and Financial News From 2007-8-31 Page 13

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  • Dollar Falls on Concern Bernanke to Signal Aversion to Rescue

    Bloomberg - ... Federal Housing Administration guarantee loans for delinquent borrowers, allowing them to refinance at more favorable rates ... paper, which accounted for half the market, tumbled $59.4 billion to $998 billion in the week ended yesterday, the lowest ...
    2007-08-31 07:10:00

  • Bush administration readies subprime bailout plan

    Marketwatch - Under the plan, the Federal Housing Administration mortgage insurance program will be changed to allow more people to ... required to pay each month increases, as has happened on many adjustable loans with so-called "teaser" introductory rates ...
    2007-08-31 01:08:00

  • Asian Currencies Have Monthly Drop on Credit Markets' Turmoil

    Bloomberg - Bush's plans to help mortgage borrowers revived confidence in riskier assets. Bank Indonesia is concerned about the ... The currency snapped five months of gains and slumped to the lowest since October 2006 this month as fund managers abroad ...
    2007-08-31 09:40:00

  • Freddie Mac says rates down

    San Diego Union-Tribune - Freddie Mac, the mortgage company, reported yesterday that 30-year, fixed-rate mortgages averaged 6.45 percent. That was down from 6.52 percent last week and was the lowest level since the week of May 31, when rates stood at 6.42 percent. The ...
    2007-08-31 09:33:00

  • 'Interest rates to remain on hold'

    MSN UK News - ... the banking sector's exposure to increasing default levels from borrowers in the US sub-prime mortgage market, with concerns that higher default rates ... Elsewhere, survey data has shown high street sales growing at their lowest levels since November ...
    2007-08-31 09:19:00

  • July inflation steady as rates seen on hold -

    Worldnews.com - OTTAWA - Higher mortgage rates helped push Canada's consumer price index (CPI) up 0.1 per cent in July from June, holding the year ... Canada's unemployment rate fell to 6.0 percent in July from 6.1 percent in June, the lowest rate since 1974, as the oil ...
    2007-08-31 11:20:00

  • Speculators fuel mortgage defaults

    Miami Herald - ... and Nevada also happen to be among the states experiencing the most rapid increase in delinquency rates nationwide, as the mortgage and ... Those investors were often taking out mortgages with the lowest payments possible, such as interest-only or ...
    2007-08-31 11:35:00

  • 30-year mortgage rates drop to lowest mark since May 31

    Tacoma News Tribune - WASHINGTON – Rates on 30-year mortgages fell this week to the lowest level in three months. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.45 percent. That was down from 6.52 percent last week and ...
    2007-08-31 07:24:00

  • 30-year mortgages fall to lowest rate in 3 months, 6.45%

    Baltimore Sun - WASHINGTON - Rates on 30-year mortgages have fallen to the lowest level in three months, according to a national survey by Freddie Mac. The mortgage company's survey found that 30-year, fixed-rate mortgages averaged 6.45 percent for the week ending ...
    2007-08-31 07:17:00

  • BOJ's Mizuno says loan crisis shows why rates need to rise (The Japan Times)

    The Bank of Japan needs to raise interest rates to prevent excess borrowing that helped trigger the U.S. subprime mortgage crisis and subsequent financial-market turmoil, central bank Policy Board... Read more ...
    2007-08-30 11:49:19

  • 'Interest rates to remain on hold' (ic Ealing.co.uk)

    Policymakers are set to keep interest rates at current levels next week after new evidence that households are struggling to keep up with higher mortgage repayments.
    2007-08-31 09:26:54

  • Mortgage lending growth near 5 1/2yr low (Ireland Business World)

    The annual growth rate of residential mortgage lending slipped to its lowest rate in nearly five and a half years in July, according to new figures from the Central Bank.
    2007-08-31 10:21:29

  • 30-year mortgages fall to lowest rate in 3 months, 6.45% (Baltimore Sun)

    Rates on 30-year mortgages have fallen to the lowest level in three months, according to a national survey by Freddie Mac.
    2007-08-31 07:52:12

  • Speculators fuel mortgage defaults (Miami Herald)

    Mortgage defaults on investment properties are playing a major role in rising loan delinquency rates nationwide -- especially in Florida -- as speculators who can't find buyers amid a housing slump simply walk away from mortgages, says the Mortgage Bankers Association.
    2007-08-31 11:52:38

  • Mortgage rates drop to 3-month low (Provo Daily Herald)

    By MARTIN CRUTSINGERAP Economics WriterWASHINGTON (AP) -- Rates on 30-year mortgages fell this week to the lowest level in three months.Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.45 percent.
    2007-08-31 08:08:22

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