Mortgage and Financial News From 2007-11-18 Page 4
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Skeptical analysts question Fannie Mae mortgage-loss calculations
Seattle Times - ... Fannie Mae executives today defended a change in the way the mortgage ... disclose what proportion of high-risk mortgages it is able to refinance into fixed-rate loans and save from default. "The problem is that we don't have the underlying information ...
2007-11-16 12:33:00 -
Dare to compare loan costs before selecting a mortgage
Herald Tribune - When it comes to comparing the true cost of one mortgage to another, there are ... the full term, say, 15 or 30 years, when in reality, most people sell or refinance ... 3635, Gaithersburg MD 20885; or call toll-free at (800) 888-6781 for more information
2007-11-18 12:10:00 -
Retail woes: Customers will benefit from bargains as stores fight ...
North County Times - Locally and nationwide, falling home prices and rising mortgage rates are making people more hesitant about buying such big-ticket items as vehicles, local economists Kelly Cunningham and Alan Gin said. Rising gas prices also have consumers feeling ...
2007-11-18 09:39:00 -
Annual house price inflation eases
MSN UK News - A slump in mortgage demand ... is a further sign of the need for a downward movement in interest rates early in the New Year to boost the current low volume of sales," the report said. The Bank of England signalled on Wednesday that it would need to ...
2007-11-18 04:06:00 -
City house prices fall 5.6% in three months
Scotsman - The bondholders will first raise mortgage rates top compensate themselves for risk, then, as governments throw money at the problem in a vain attempt to prevent the inevitable (as with Northern Rock), they'll raise mortgage rates again to protect ...
2007-11-18 02:40:00 -
The Effect on the Real Estate Market of a Divided Jerusalem
Arutz Sheva - When taking into account the causes that influence the real estate market, one usually considers factors such as current trends in real estate purchases, the economy, stock market, mortgage rates, employment resources, the area’s crime rate ...
2007-11-18 10:51:00 -
Hopeful Holidays
Dubuque Telegraph Herald - With higher gas and heating fuel prices, with a lot of homes coming up for adjustable mortgage rates here, that's going to affect a lot of those folks for spending that ultimate dollar this Christmas," Smith said. Citing some economic concerns, the ...
2007-11-18 01:35:00 -
Americans to cut spending for holidays
Gulf Times - Compared to last year at this time, retail spending is distinctly slower as measured by same-store sales, as consumers have been squeezed by higher energy prices and higher mortgage rates.” Chicago-based Mesirow Financial economist Diane Swonk ...
2007-11-18 03:30:00 -
Mortgage rates stable at 6.24%
Fort Wayne Journal Gazette - WASHINGTON – Rates on 30-year mortgages were unchanged last week after posting three consecutive declines. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages remained at 6.24 percent, the same as the previous ...
2007-11-18 02:51:00 -
Interest rate rise overkill
News.com.au - ... spending that is really affecting that underlying inflation rate,'' Ms Montgomery said. "Look at putting (extra) money into your mortgage rather than splurging.'' Mortgage Choice spokesman Warren O'Rourke said the best defence against interest rates ...
2007-11-18 04:27:00 -
Small investors exit buy-to-let
Financial Times - Reports by mortgage lenders and surveyors suggest that rising interest rates, property market uncertainty and a squeeze on credit lending are deterring small investors from the buy-to-let market. Investors are reportedly now favouring cash over ...
2007-11-18 02:11:00 -
Tony Jackson: Banks can stand the pain
Financial Times - Today, by contrast, mortgage rates are rising only slightly, and probably not for long. The other big difference, though, is in subprime and all that. The theme is now so familiar that we forget how extraordinary it is. Consider that two UK banks ...
2007-11-18 03:30:00 -
Small investors exit buy-to-let (FT.com via Yahoo! News)
Reports by mortgage lenders and surveyors suggest that rising interest rates, property market uncertainty and a squeeze on credit lending are deterring small investors from the buy-to-let market. Investors are reportedly now favouring cash over bricks and mortar.
2007-11-18 02:20:12 -
Beware of Rudd and rates, says Costello (Adelaide Now)
AUSTRALIANS will regret electing Labor when mortgage interest rates begin to soar under a Rudd government, Treasurer Peter Costello said yesterday.
2007-11-18 06:21:56 -
Business Minute: Stocks finish in the plus column...Oil rises...Two ...
Idaho8.com - WASHINGTON (AP) - Fannie Mae executives are defending a change in the way the mortgage finance company calculates losses on home loans, responding to analysts' concerns as its stock price fell. Shares of Fannie Mae, the largest U.S. buyer and backer ...
2007-11-16 11:58:00