Mortgage and Financial News From 2008-2-14 Page 8

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• Mortgage rates rise to highest level in 5 weeks

  MSNBC - WASHINGTON - Rates on 30-year mortgages rose to the highest level in five weeks but still remained below the 6 percent level. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.72 percent this week, up ...
  2008-02-13 03:56:00

• Foreclosures up as rates increase

  News.com.au - WITH interest rates set to rise further, many borrowers will struggle to meet their mortgage payments while some face the prospect of losing their home altogether ... breed of card sharps on the prowl Prices soar despite rate rises Lenders at their lowest ...
  2008-02-14 04:45:00

• Lower rate fixed rates may become more accessible - Thrifty Scot (press release)

  Lower rate fixed rates may become more accessibleThrifty Scot (press release), UK - 5 hours agoShe added: : 'Even so, trackers will prove best value for most as Bank rate is widely expected to fall to 5% or lower this year. Discounts could also prove ...
  2008-02-14 04:15:59

• Gillard calls for wage restraint - The Age

  Gillard calls for wage restraintThe Age, Australia - 5 hours ago"And for most working Australians, the biggest fixed cost they've got in their lives is servicing the mortgage. Those who were a bit better off, ...
  2008-02-14 04:31:17

• Rent Your Way To Good Credit - FOXBusiness

  Rent Your Way To Good CreditFOXBusiness - 5 hours agoSecured cards generally charge high interest rates and an annual fee, but after paying your bills on time for about a year, you may qualify for unsecured ...
  2008-02-14 04:39:35

• Student loans stung by subprime mortgage crisis - MLive.com

  Student loans stung by subprime mortgage crisisMLive.com, MI - 5 hours ago... proposals from 40 private lenders last summer and decided to recommend only three which offered students the lowest interest rates and best terms. ...
  2008-02-14 04:54:13

• Credit crisis seeps into bond auctions - Philadelphia Inquirer

  Credit crisis seeps into bond auctionsPhiladelphia Inquirer, PA - 3 hours agoThis disruption, the latest in the credit markets spawned by the subprime-mortgage meltdown, is causing major headaches for government and nonprofit ...
  2008-02-14 06:56:02

• Report: sales of Wash. homes, prices slip in 4th quarter - Seattle Post Intelligencer

  Report: sales of Wash. homes, prices slip in 4th quarterSeattle Post Intelligencer - 3 hours agoThat's the lowest annual home sale total since 2001, the report said. Six counties - Adams, Chelan, Columbia, Douglas, Walla Walla and Whatcom - recorded ...
  2008-02-14 06:57:08

• Obama vs. Clinton: Neither Experience nor Change Will Overcome ... - The Women's International Perspective

  Obama vs. Clinton: Neither Experience nor Change Will Overcome ...The Women's International Perspective, CA - 3 hours agoHe wants mortgage paperwork to be more transparent, but isn’t at all focused on how speculative trading in mortage product could be curtailed to eliminate ...
  2008-02-14 06:57:27

• No Recession Yet, Greenspan Says - The Associated Press

  No Recession Yet, Greenspan SaysThe Associated Press - 2 hours agoUnder Greenspan, the US Federal Reserve slashed interest rates between early 2001 to the summer of 2003 to their lowest level in decades. ...
  2008-02-14 07:01:20

• Considering A HUD Reverse Mortgage? Some Questions You Should Ask ... - American Chronicle

  Considering A HUD Reverse Mortgage? Some Questions You Should Ask ...American Chronicle, CA - 2 hours agoThere is currently one program that does offer a fixed rate. So, before deciding on whether a HUD reverse mortgage is right for you, you should ask yourself ...
  2008-02-14 07:27:40

• New Zealand's Retail Sales Growth Slows to 0.1% (Update3) - Bloomberg

  New Zealand's Retail Sales Growth Slows to 0.1% (Update3)Bloomberg - 1 hour agoThe interest rate on a two-year fixed mortgage was 9.38 percent in December, up from 8.18 percent a year earlier, according to central bank figures. ...
  2008-02-14 08:24:20

• 'Worst month ever' for area home sales - San Jose Mercury News

  'Worst month ever' for area home salesSan Jose Mercury News,  USA - 1 hour agoAnd, in the aftermath of the credit crunch that sent rates for large mortgages soaring and Silicon Valley home sales sliding, fewer homes sold in January ...
  2008-02-14 08:44:04

• Despite fewer sales, home prices steady - Milwaukee Journal Sentinel (subscription)

  Despite fewer sales, home prices steadyMilwaukee Journal Sentinel (subscription), WI - 1 hour agoLow interest rates and a good number of houses on the market are helping sales, said Jonathan Hyndiuk, owner of Esquire Realty, New Berlin, and a member of ...
  2008-02-14 08:44:27

• Bay Area home sales fall to 20-year-low - San Francisco Chronicle

  Bay Area home sales fall to 20-year-lowSan Francisco Chronicle,  USA - 49 minutes agoBarbara Boxer, D-Calif., a proponent of the change, estimated that on a $650000, 30-year, fixed-rate mortgage, the eased limit could save homeowners $417 a ...
  2008-02-14 09:10:50

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