Mortgage and Financial News From 2008-6-11 Page 5
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U.S. Mortgage Activity Edges Up (Forbes)
Rates don't seem to be going any lower, so borrowers are committing.
2008-06-11 12:55:13 -
US mortgage rates up 1/8 pt on Monday - BestInfo - Reuters
NEW YORK, June 9 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points increased by 1/8 percentage point to 6-5/8 percent on Monday, according to BestInfo Inc. The 30-year mortgage rate with one upfront point climbed by 1/8 ...
2008-06-09 12:57:00 -
Halifax wants 40% deposit for top mortgage - Times Online
Halifax, Britain’s biggest mortgage lender, is planning to reduce the cost of its best tracker deals - but only for those borrowers who can afford to put down deposits of at least 40 per cent. Two and three-year tracker deals, with a starting rate ...
2008-06-11 11:07:00 -
Mortgage Rates Continue Their Climb - HULIQ.com
Mortgage rates on fixed and adjustable mortgages increased throughout the week according to the Mortgage Bankers Associations weekly survey released June 11th. Mortgage applications, on the other hand, increased 10.9 percent throughout the week on a ...
2008-06-11 10:17:00 -
Washington Mutual Leads Home Lenders Down on Rate Concern - Bloomberg
June 11 (Bloomberg) -- Washington Mutual Inc. slid as much as 14 percent, leading mortgage-related stocks lower on concern rising interest rates will hurt home values and lead to more foreclosures. Bets in futures markets that the U.S. Federal ...
2008-06-11 10:24:00 -
Halifax latest to reprice mortgages - International Herald Tribune
LONDON : Mortgage lender Halifax is poised to re-price its mortgage range amid the ongoing fallout from the credit crunch. The banking giant plans to cut the cost of some of its deals, while hiking fixed rates for those without a sizeable deposit ...
2008-06-11 10:02:00 -
Stock Investors Get More Bearish on U.S., U.K., Japan (Update1) - Bloomberg
June 11 (Bloomberg) -- Investors from the U.S. to Europe to Japan are growing more convinced stocks will drop the next six months as commodity prices curb profits and force central banks to raise interest rates, a survey of Bloomberg users showed ...
2008-06-11 07:46:00 -
Russell continues descent on soaring oil prices (SmallCapInvestor.com via Yahoo! Finance)
Small caps are in a steady downward slide as crude oil prices gushed higher, keeping inflation concerns forefront in investors’ minds.
2008-06-11 11:17:15 -
Real estate remains hot in emerging economies (International Herald Tribune)
The global credit crunch appears to have done little to slow the real estate sector in emerging economies like Brazil and Russia.
2008-06-11 11:18:35 -
European markets fall, led by banks - European commentary (Nasdaq)
(RTTNews) - The European markets fell Wednesday on speculation that central banks will raise interest rates to curb inflation, stoking concern that higher borrowing costs will erode earnings of banks. A jump in crude oil prices also hurt investor sentiments.
2008-06-11 11:23:10 -
The Fed's In A Groove (Forbes)
Central bankers indicating they'll keep monetary policy unchanged for the time being.
2008-06-11 11:25:23 -
Stocks Remain Sharply Lower Following Beige Book Report - U.S. Commentary (Nasdaq)
(RTTNews) - Following the release of the Federal Reserve's Beige Book report, stocks remain sharply lower in mid-afternoon trading on Wednesday. Higher oil prices are contributing to the weakness within the stock markets.
2008-06-11 11:37:40 -
Satyajit Das: Frisking financial assets (Business Standard India)
Immediate steps need to be taken to restore the functioning of banks and supply of credit. The current focus is on reforming the financial system. It is like discussing lifestyle changes with a patient admitted to ER with a full cardiac arrest. What is needed are defibrillator paddles!
2008-06-11 11:38:33 -
Report: Florida sees growth in mortgage delinquency (The Business Journal of Jacksonville)
Florida saw the second highest mortgage loan delinquency rates in the U.S. in the first quarter of 2008, second only to Nevada, data from credit and information management company TransUnion showed.
2008-06-11 11:48:14 -
Home price drop means $4 trillion in lost capital (EARTHtimes.org)
NEW YORK (Reuters) - No one knows when the credit crisis will end.
2008-06-11 11:49:00