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Today's Mortgage Terms starting with H Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral. Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose. Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration. View all Terms

Pacific mortgage rates news:

HK shares open higher, property in focus - FXStreet.com
HONG KONG, Dec 5 (Reuters) - Hong Kong stocks rose 1.6 percent on Friday tracking a gain in the Japanese market with investors picking out beaten down finance and property stocks despite the gloomy outlook of the real estate sector. The benchmark ...

Hong Kong Home Prices May Fall More on Tighter Credit (Update1) - Bloomberg
Dec. 5 (Bloomberg) -- Hong Kong home prices, down almost a quarter from their five-year high in March, may drop further as the credit crisis drives up joblessness and threatens to spark defaults. “There’s a real lack of funds,” Leland Sun ...

Sensex opens down 0.62% - Zee News
Mumbai, Dec 05: The BSE Sensex opened 0.62 percent lower on Friday, despite expectations of an imminent cut in interest rates and gains in Asian markets. At 9:59 am, the 30-share BSE index was down 0.62 percent at 9,172.40 points. The 50-issue NSE ...

Pimco's Gross sees lower US 30Y mortgage rate-CNBC - Reuters
NEW YORK, Dec 3 (Reuters) - U.S. 30-year fixed mortgage rates, which are pivotal to the fortunes of the battered housing market, will fall steeply in reaction to government steps to buy mortgage-related securities, the manager of the world's biggest ...

Europe poised to slash rates as global economy reels - Washington Post
TOKYO/BEIJING (Reuters) - Central banks in Europe were poised to cut interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policymakers had anticipated. Asia-Pacific nations kept up the flood of ...

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 ...

UPDATE 1-Pimco's Gross sees lower US 30Y mortgage rate-CNBC - Reuters
NEW YORK, Dec 3 (Reuters) - U.S. 30-year fixed mortgage rates, pivotal to the fortunes of the crumbling housing market, will fall steeply in reaction to government steps to buy mortgage-related securities, the manager of the world's biggest bond fund ...

Europe set to slash rates as economy reels - International Herald Tribune
Central banks in Europe were poised to cut interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policymakers had anticipated. Asia-Pacific nations kept up the flood of grim news after U.S. data ...

UBS Picks Bharti Airtel, Cathay Pacific to Lead 2009 Rebound - Bloomberg
Dec. 3 (Bloomberg) -- Bharti Airtel Ltd. , India’s largest mobile-phone operator, and Hong Kong’s Cathay Pacific Airways Ltd. are among UBS AG’s top 10 stock picks in Asia for 2009. The list, favoring telecom and financial companies, includes ...

Europe poised to cut rates as global slump deepens - Reuters India
TOKYO/ BEIJING (Reuters) - Central banks in Europe are poised to slash interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policy makers in the industrialised countries had anticipated. Asia ...