Mortgage and Financial News From 2008-1-25

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  • Home sales tumble to lowest rate in decades

    WBIR - Calling it a buyer's market with some of the lowest interest rates in four years. Financial Adviser Suse Orman said, "At these ... Next week, Americans could get see mortgage rates go even lower, if the Federal Reserve decides to cut interest rates ...
    2008-01-25 04:44:00
  • Sales of existing single-family homes drop in 2007 by largest amount ...

    International Herald Tribune - ... has been a severe drag on the economy and resulted in record levels of mortgage defaults and the prospect of millions more homeowners losing their homes because they cannot afford sharply higher monthly payments as their introductory mortgage rates ...
    2008-01-24 02:03:00
  • Core prices cool to two-year low

    Globe and Mail - Core inflation sank to the lowest level in two years last month as car dealers ... The central bank, which plans to cut interest rates, keeps a close watch on core ... Mortgage interest costs were 7.3 per cent higher last month and homeowners ...
    2008-01-25 04:51:00
  • Hong Kong's New Mortgages Rise 52% to 10-Year High (Update1)

    Bloomberg - HSBC's benchmark Hong Kong lending rate now stands at 6 percent, the lowest since July 2005. Banks typically offer mortgage borrowers discounts of at least 2.5 percentage points to their best lending rates. Inflation in Hong Kong stood at 3.8 percent ...
    2008-01-25 01:38:00
  • Recipient’s E-mail: - Texas Observer

    Recipient’s E-mail:Texas Observer, TX - 3 hours agoThen such scams are legal, unregulated, and have respectable banker monikers like “subprime mortgage pools.” The ongoing collapse of the subprime loan ...
    2008-01-25 01:06:32
  • Will Gold Crash in a Recession? - Gold Seek

    Will Gold Crash in a Recession?Gold Seek - 3 hours agoThe flight to quality by investors who no longer trust packages of mortgage loans, or anything that is not strictly labeled as government backed, ...
    2008-01-25 01:09:25
  • Unloved Stocks Ready to Shine - Motley Fool

    Unloved Stocks Ready to ShineMotley Fool - 2 hours agoIt lost $900 million last year as a result of writing off the GreenPoint Mortgage unit, for example, but the finance company will be better for having done ...
    2008-01-25 01:36:28
  • Ohio Celebrates 2007 as ‘Memorable’ Year for Home Buyers - RisMedia.com (press release)

    Ohio Celebrates 2007 as ‘Memorable’ Year for Home BuyersRisMedia.com (press release), CT - 2 hours ago“We’re expecting that, with the additional drop in mortgage interest rates, more buyers will also realize that now really is a great time to buy a home. ...
    2008-01-25 01:36:37
  • Consumers at Heart of Stimulus Plan - The Associated Press

    Consumers at Heart of Stimulus PlanThe Associated Press - 2 hours agoHistorically low interest rates then created a boom in home refinancing. That put more money in consumers' pockets and lowered mortgage payments. ...
    2008-01-25 02:01:33
  • No Rest on Wall Street: Data-Packed Week Ahead - FOXBusiness

    No Rest on Wall Street: Data-Packed Week AheadFOXBusiness - 1 hour agoMost observers are expecting another one-half percentage point cut in the target Fed Funds rate to 3.0%, which would be lowest rate since May 2005. ...
    2008-01-25 02:35:24
  • Trailing market's wild ride this week - Mortage 101

    Trailing market's wild ride this weekMortage 101 - 1 hour agoand mortgage-defining jobs data is out next Friday. Ultimately the economy drives rates, loopy Fed or no. Lou Barnes is a mortgage broker and nationally ...
    2008-01-25 03:09:11
  • Silicon Valley gets back to basics - San Jose Mercury News

    Silicon Valley gets back to basicsSan Jose Mercury News,  USA - 1 hour ago10, Freddie Mac said the average fixed interest rate on 30-year mortgages was 5.87 percent. That's the lowest rates have been since the week ending Sept. ...
    2008-01-25 03:09:46
  • Industry breaks the 700000 guestroom barrier - Hotel & Motel Management Magazine

    Industry breaks the 700000 guestroom barrierHotel & Motel Management Magazine, OH - 1 hour agoThis is where the hotel industry could be vulnerable, with consumers cutting back on vacations and getaways, and shopping aggressively for the best rates in ...
    2008-01-25 03:11:41
  • North Texas foreclosures jumped 10% - KERA

    North Texas foreclosures jumped 10%KERA, TX - 1 hour agoSo the best local mortgage rates are down to their lowest point in nearly 4 years. Embattled Countrywide - with a huge local office - is advertising lower ...
    2008-01-25 03:12:58
  • How you can survive a recession - Guardian Unlimited

    How you can survive a recessionGuardian Unlimited, UK - 46 minutes agoThat could mean lower borrowing costs for millions of mortgage-holders. However, the credit crunch means it will be harder for some to remortgage. ...
    2008-01-25 03:44:32