Mortgage and Financial News From 2008-9-11 Page 01
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U.S. mortgage rates fall in week - The Money Times
Washington -- Interest rates for 30-year, fixed-rate U.S. mortgages dropped significantly from the previous week, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.93 percent with an average 0.7 points ...
2008-09-11 09:14:00 -
Mortgage Rates Drop Gets Borrowers' Attention - Washington Post
For the first time in months, interest rates slipped below 6 percent this week, prompting Donna Gillis to immediately refinance the mortgage on her D.C. rowhouse. "It would have bothered me not to be in the 5 percent range, even though the monthly ...
2008-09-11 10:25:00 -
Mervyn King warns Alistair Darling over spending - Times Online
The Governor of the Bank of England yesterday ruled out an extension of the special liquidity scheme (SLS) and cautioned against a government guarantee for home loans. The SLS, which started in April, was designed to unblock the mortgage market by ...
2008-09-11 10:18:00 -
Culver lays out flood relief spending - Chicago Tribune
DES MOINES, Iowa - Iowa Gov. Chet Culver says the bulk of an $85 million flood relief package will go for a variety of housing assistance programs, ranging from buying ruined homes to helping victims stay current with mortgage payments. On Thursday ...
2008-09-11 09:03:00 -
BC BREAKING NEWS: (Kelowna Capital News)
Jason McLennan has developed a revolutionary new building systems that demands buildings leave a positive impact on the environment rather than asking the building industry to mitigate environmental damage.
2008-09-11 10:46:09 -
Resale shop is Little's way of helping foster children (Kirkwood-Webster Journal)
Jennifer Little looks around a 5,400-square-foot open space at 140 Four Seasons Shopping Center in Chesterfield. In October, it will be the home of her new Sharing Shop resale store, where sales will benefit local foster children.
2008-09-11 10:52:31 -
TV show does good deed for kind owner (Kirkwood-Webster Journal)
Coffee couldn't have provided more of a jolt than when the "Extreme Makeover: Home Edition" TV show designers, Callier Thompson Shea and Consolidated Construction surprised Sam Malek and his "More Than Coffee" kiosk shop Sept. 4.
2008-09-11 10:52:40 -
Shoppers look for value as housing market worsens (Gulf Times)
LONDON: Shoppers have become more cost-conscious and have slashed spending on their homes as the housing market continues to deteriorate, updates from three of Britain’s biggest retailers showed yesterday.
2008-09-11 10:56:31 -
Real estate experts say it's a 'buyers market' (The Greenville News)
If you question whether now is a good time to buy a house, real estate experts say that recent events are helping shape a classic buyers market.
2008-09-11 11:02:32 -
Breach at Countrywide (Journal Inquirer)
Troubled mortgage lender Countrywide Financial Corp. has revealed that private information on almost 30,000 Connecticut customers was stolen in a massive national security breach.
2008-09-11 11:05:37 -
Stocks surge on plan for mortgage giants - Huffingtonpost.com
Compare 11:46 AM EST 11:01 AM EST 10:24 AM EST 09:47 AM EST 09:46 AM EST 09:37 AM EST 09:36 AM EST 09:14 AM EST 09:12 AM EST 08:45 AM EST 08:12 AM EST 08:04 AM EST 07:32 AM EST 06:55 AM EST 06:54 AM EST and 11:46 AM EST 11:01 AM EST 10:24 AM EST 09 ...
2008-09-08 09:14:00 -
Who Can You Trust On House Prices? (The Motley Fool)
The leading house price indices are showing different rates of decline. They can’t all be right.
2008-09-11 08:29:05 -
(AFX UK Focus) 2008-09-11 19:02 UPDATE 1-ECB's Wellink sees risk of euro zone recession (Interactive Investor)
NICE, France, Sept 11 (Reuters) - There is a risk the euro zone economy will suffer a technical recession, European Central Bank Governing Council Member Nout Wellink said on Thursday, but he cautioned against too much emphasis on statistics.
2008-09-11 11:26:40 -
Waitakere City Council NZ Housing Plan Too Vague (Scoop.co.nz)
“The media release ‘Assessment of housing stocks a priority’ by the Waitakere City Council, New Zealand is too vague - lacking clear direction - in how this Local Authority intends to restore housing affordability to at or below three times annual household income, over a reasonable and realistic time frame” said Hugh Pavletich, co author of the Annual Demographia International Housing ...
2008-09-11 04:31:37 -
Auto Industry Pushes Hard for Loans (CQPolitics.com via Yahoo! News)
Domestic automakers are aggressively lobbying lawmakers to provide billions of dollars in loans before the end of the month to help them develop more fuel-efficient cars and trucks, and election-year politics are easing their way.
2008-09-11 05:36:14