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News about Mortgages:
Mortgage Applications Skyrocket In Week - Post ChronicleMany borrowers missed an opportunity to take advantage when rates dropped sharply for a brief period when the GSEs (government-sponsored enterprises) were placed under conservatorship," said Orawin Velz, MBA's associate vice president of economic ...
Treasury Weighs Action on Mortgage Rates - Washington PostThe Treasury Department is considering a plan to force down mortgage rate and stimulate the housing market, sources said (By Steve Helber -- Associated Press) The Treasury Department is strongly considering a plan to intervene directly in the ...
Financial industry pushes for lower mortgage rates - Miami HeraldWASHINGTON -- Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4.5 ...
Mortgage applications more than double - CNN MoneyNEW YORK (CNNMoney.com) -- Mortgage applications more than doubled last week, a mortgage bankers' group said Wednesday, as government bailouts led to sinking interest rates that made refinancing especially more attractive. In the weekly report, the ...
Mortgage rates fall for 2nd day; won't help all - Huffingtonpost.comMIAMI — Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven't seen this year. That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy $600 ...
Mortgage rates dip for fourth straight week - Huffingtonpost.comWASHINGTON — Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to aid the U.S. housing market. Further drops ...
Trying to end the mortgage-rate lag - CNN MoneyClick chart for latest bond prices Click chart for latest bond prices Click chart for latest bond prices NEW YORK (CNNMoney.com) -- Bad news is good news for Treasury investors, and recently, there has been a whole lot of bad news. Mortgage rates ...
U.S. Stock Markets Rise in Final Hour of Trading - Washington PostStocks made solid gains in the last hour of trading today as investors shrugged off more evidence of a deepening recession. After taking a significant dive this morning, the Dow Jones industrial average closed up 2.1 percent, or 173 points, while the ...
ETFs Post Decent Gain in Late Rally - Smart MoneyThere was plenty of news for traders to mull over Wednesday. And although the market was up and down all day, it seemed traders were unable to grab on to one item in particular that caused them to become bullish or bearish -- at least until the last ...
World headlines today - The TimesHomeowners will be able to defer payments on their mortgage for up to two years if they lose their jobs, under plans to cut repossessions announced by British Prime Minister Gordon Brown. Financial Times: Western banks face snub by China fund China ...
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