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AIG, GMAC drive CD rates higher - Detroit Free Press
If there's one place consumers have the upper hand these days, it's as depositors -- especially if they're willing to stash their cash with money losers. The banking units of American International Group Inc., the insurer bailed out by the U.S ...

U.S. mortgage rates fall for second week - The Money Times
Washington -- Interest rates for 30-year, fixed-rate U.S. mortgages declined slightly in the last week, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 6.14 percent with an average 0.7 points in the week ...

Loan rates slide again - Fort Wayne Journal Gazette
WASHINGTON – Mortgage rates dropped for a second straight week, reflecting the effect the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 ...

Mortgage rates drop again - HometownAnnapolis.com
WASHINGTON, D.C. (AP) - Mortgage rates dropped for a second consecutive week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages ...

Powered by Inform - Washington Post
GM shares sink, says GMAC mortgage unit may not survive San Jose Mercury News 11/23/2008 2:44:51 AM Fannie Mae posts $29B loss in Q3, may tap government funding San Jose Mercury News 11/23/2008 2:44:51 AM Mortgage rates drop for third week San Jose ...

US bank lending rates up for 3rd day running - The Washington Times
LONDON (AP) - Dollar lending rates between banks rose for the third day running Monday after last week's turnabout by U.S. Treasury Secretary Hank Paulson on the $700 billion U.S. financial rescue program fostered renewed uncertainty in credit ...

Housing woes are bad but will likely get worse, some economists ... - Atlantic City Press
WASHINGTON If you think the housing slump can't get much worse, Martin Feldstein thinks that both home prices and the broader economy can - and very likely will - get a whole lot worse. The Harvard University professor and former chief economic ...

Obama picks point men for crisis fight back - Yahoo News
WASHINGTON/LIMA (Reuters) – President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers , to spearhead the fight against the global financial crisis -- appointments which should bring some cheer to ...

TOPWRAP 1-Obama picks point men for crisis fight back - Forbes
WASHINGTON/LIMA, Nov 23 (Reuters) - U.S. President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers, to spearhead the fight against the global financial crisis -- appointments which should bring some ...

No U.S. turnaround till mid-2009: Bank of America CEO - Washington Post
DETROIT (Reuters) - Bank of America Corp Chief Executive Kenneth Lewis said on Tuesday it is "pretty clear" the U.S. economy is in a recession, and forecast no recovery until the housing market stabilizes around the middle of 2009. "We won't ...