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US, European stocks trade lower - Skynews.com
Wall Street shares fell hard on Thursday as investors sought cover after a series of big job-slashing announcements that highlighted the weak economic outlook. The Dow Jones Industrial Average tumbled 215.45 points (2.51 per cent) to close at 8,376 ...

TREASURIES-Fall in Asia before U.S. jobs report - FXStreet.com
TOKYO, Dec 5 (Reuters) - U.S. Treasuries fell in Asia on Friday before an expected dismal U.S. jobs report later in the day that could reinforce expectations for further extreme monetary measures from the Federal Reserve. The benchmark 10-year yield ...

Rally on mortgage-related buying, stock slide - Guardian Unlimited
NEW YORK, Dec 4 (Reuters) - U.S. Treasuries prices rallied on Thursday, propelled by hedging as mortgage rates fell and by the continuing flight to the safety of government debt as stocks fell further. The jump in home owners refinancing their ...

Mortgage Rates Falling as Economy Worsens - KGMB9
As a direct result of the crazy markets, it's possible to get an unusually low mortgage rate, a major window of opportunity for first-time home buyers with secure employment. Bonds are safe investments with low returns. In good times, investors don't ...

U.S. Treasury Yields Drop to Record Lows on Recession Concern - Bloomberg
Dec. 1 (Bloomberg) -- Treasuries rose, pushing yields on longer-maturity debt to record lows, as a report showing U.S. manufacturing contracted at the fastest pace in 26 years added to speculation the recession may lead to deflation. Bonds gained for ...

Insured mortgage defaults top 80,000 in October - Reuters
NEW YORK (Reuters) - Defaults on privately insured U.S. mortgages rose 35 percent in October, and topped 80,000 for the first time, as the troubled economy caused more homeowners to fall behind on payments. The Mortgage Insurance Cos of America on ...

You can qualify for mortgage, it's just tougher - San Francisco Gate
Sunday, November 30, 2008 While it is certainly harder to get a loan today than it was two years ago, lenders say it's far from impossible for would-be borrowers with the right credentials. In fact many in the industry praise the return to normal ...

RBA slashes rates by 1 per cent - West Online
The Reserve Bank has slashed official interest rates by one percentage point, taking them to just 4.25 per cent. The move, which if passed on by the commercial banks, would save a person with a $300,000 mortgage $193 a month. In a statement, bank ...

P log biggest 5-day percentage gains since the 1930s, even as holiday ... - Chicago Tribune
NEW YORK (AP) _ Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show more ...

Kill the competition: Mortgage reprieve ... stimulus quandary ... plea ... - Times Online
The Times : The Royal Bank of Scotland will announce today that borrowers who cannot keep up with their mortgage repayments will have a six-month breathing space . New York Times : After spending almost $1.4 trillion to stabilise the US financial ...