Mortgage and Financial News From 2007-10-24 Page 5

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  • Stocks Broadly Lower as Financials, Tech Plummet

    CNBC - ... announced write-downs of $7.9 billion due to problems in the subprime mortgage market ... hover around these levels as investors await a Fed decision on interest rates next ... Treasuries gained more ground on Wednesday after data on existing home sales for ...
    2007-10-24 11:02:00

  • C.A.R. Reports Sales Decrease 38.9 Percent, Median Home Price Falls 4 ...

    Forbes - ... year fixed-mortgage interest rates ... Adjustable-mortgage interest rates averaged 5.66 percent in September 2007 compared with 5.56 percent in September 2006. -- The median number of days it took to sell a single-family home ...
    2007-10-24 01:46:00

  • Home-sales slump shows no signs of abating

    Miami Herald - And sales remain sluggish, still down considerably from a year ago. Broward's single-family home sales were off last year ... before it is resolved, it will rival the 1980-82 housing slump -- when the industry was battered by double-digit mortgage rates ...
    2007-10-24 05:28:00

  • Costello warns banks on interest rates

    Age - Treasurer Peter Costello has warned banks not to use problems in the US as an excuse to raise local home mortgage rates. He said banks borrowing in the US had to pay more for funds because the US economy was in trouble and they were saying they were ...
    2007-10-24 05:35:00

  • With Buyers Sidelined, Home Prices Slide

    Wall Street Journal - That trend is likely to persist as more people who took out home loans with low teaser rates face "resets" to higher monthly payments on their home loans. Nationally, payments were at least 30 days overdue on 3.4% of all first-lien home-mortgage ...
    2007-10-24 05:21:00

  • Existing home sales take historic plunge

    MSNBC - Existing home sales plunged by a record amount in September. CNBC's Diana Olick ... of existing homes plunged by a record amount in September as turmoil in mortgage ... rate for the first time in four years last month, will continue cutting rates in a ...
    2007-10-24 05:35:00

  • Steep slump seen as home sales fall

    Minneapolis Star Tribune - WASHINGTON - Sales of existing homes saw a record decline in September, while median home prices fell by the largest ... Back then, the industry was battered by double-digit mortgage rates and the economy was in a steep recession. The National ...
    2007-10-24 05:28:00

  • Americans Turn Negative on Economy, Expect Recession, Poll Says

    Bloomberg - ... pessimistic turn comes just before the Federal Reserve meets next week to decide whether to further reduce interest rates ... Americans were closely divided over how to address the crisis among subprime mortgage holders who are in danger of defaulting ...
    2007-10-24 05:00:00

  • ANZ net profit up, CEO flags possible mortgage rate rise

    News.com.au - But higher funding costs triggered by the US sub-prime mortgage crisis could force Australia's third largest bank to hike rates on its variable home loans. Just three weeks into his tenure as ANZ's new boss, Mike Smith, said lending rates may have to ...
    2007-10-24 05:57:00

  • ANZ set to raise rates on its own

    News.com.au - But higher funding costs triggered by the US sub-prime mortgage crisis could force Australia's third largest bank to hike rates on its variable home loans. Just three weeks into his tenure as ANZ's new boss, chief executive Mike Smith said ANZ (anz ...
    2007-10-24 07:23:00

  • Treasury prices up on home sale decline (AP via Yahoo! News)

    Treasury prices rose Wednesday after data showing a surprisingly large drop in home sales raised hopes that the Federal Reserve will cut interest rates next week.
    2007-10-24 08:06:06

  • Has the Mortgage Crisis Finally Peaked? (BusinessWeek)

    Existing-home sales were down 8% in September, but the National Association of Realtors claims mortgage availability is finally improving
    2007-10-24 12:50:14

  • Treasurys rise on low home sales (CNN Money)

    Report says existing home sales dropped 8%, fueling hopes that the Federal Reserve will cut rates at next week's meeting.
    2007-10-24 02:37:27

  • LoanInsights, Inc. Revolutionizes Mortgage Process, Leveling Playing Field for Consumers in Washington State (Marketwire via Yahoo! Finance)

    LoanInsights, whose online custom mortgage search service is revolutionizing the home mortgage process, today announced that it is expanding its services to the State of Washington. Offering direct access to wholesale rates, the unique LoanInsights platform enables homebuyers in Washington to find the best rates they qualify for through a free, web-based search platform located at ...
    2007-10-24 11:00:00

  • Howard's Election Prospects Fall as Home Prices Soar (Update1)

    Bloomberg - During the same period, wages have risen only 19 percent, which means mortgage ... to A$2,506 in the second quarter of this year, pushing affordability to its lowest ... who managed to buy when prices were lower are struggling with interest rates that ...
    2007-10-24 05:00:00

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