Mortgage and Financial News From 2007-9-26 Page 16

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  • Fed rate cut has had opposite effect on long-term mortgages (Market Watch)

    BOSTON (MarketWatch) -- Greg McBride, senior financial analyst for BankRate.com, says that many would-be home buyers are about to be stripped of a misperception, namely the idea that when the Federal Reserve Board is cutting interest rates mortgage rates will fall as a result.
    2007-09-26 08:19:17
  • Mortgage lenders reach out to owners in distress (The Toledo Blade)

    Fearing that foreclosure was only one more missed payment away, Ernest Frye, Jr., took the first steps yesterday to get help with the mortgage on his South Toledo home.
    2007-09-26 03:31:13
  • Banking Fees Reach Record Highs

    MSN MoneyCentral - The fee charged by banks when their customers go to another bank's ATM remains the lowest since 2002 ... and Mortgage Market Information Services, Inc. and Interest.com, Inc., each of which publishes mortgage guides and financial rates and ...
    2007-09-26 05:01:00
  • UPDATE 1-ECB lends 3-month funds at highest rate since 2001

    Reuters - Three-month Euribor interbank rates fixed at 4.726 percent earlier ... as uncertainty about who is overexposed to losses from the U.S. subprime mortgage ... The highest bid at the ECB auction was 4.80 percent, and the lowest successful bid ...
    2007-09-26 06:34:00
  • House party hangover

    Globe and Mail - Conference Board's consumer confidence index tumbled to its lowest level in nearly two years ... home prices is that it removes a key source of consumer spending power, namely mortgage refinancings. When home prices were soaring and interest rates were ...
    2007-09-26 08:57:00
  • Late Payments Down for Credit Cards

    Newsday - That was down from 4.41 percent in the first quarter and was the lowest reading ... fared reasonably well in the second quarter despite turmoil in the subprime mortgage ... A combination of higher interest rates and weaker home values clobbered both ...
    2007-09-26 08:29:00
  • Asian Stocks Climb for a Third Day; Mizuho, Banks Lead Gains

    Bloomberg - Federal Reserve will cut interest rates. Mizuho Financial Group Inc. and ... are selling at the slowest rate in five years and consumer confidence is the lowest ... in four years, helping stem a rout in global credit markets that forced U.K. mortgage ...
    2007-09-26 05:16:00
  • Yen Falls as Investors Resume Buying Assets Financed in Japan

    Bloomberg - ... resumed carry trades in which they take loans in a country with low interest rates ... 5 percent target lending rate and Switzerland's 2.75 percent rate are the lowest ... the dollar since June 2006 as higher borrowing costs related to subprime mortgage ...
    2007-09-26 11:13:00
  • Brokerage offers mortgage-rate deal

    Durango Herald - Wells compared buyers' perceptions of interest rates to their perceptions of gas prices: You always remember the lowest rate in your lifetime. Bankrate.com reported a national rate of 6.09 percent Tuesday for a 30-year fixed mortgage. Freddie Mac ...
    2007-09-26 06:56:00
  • U.K. Commercial Banks Shun BOE Money-Market Auction (Update3)

    Bloomberg - ... Bank of England's three-month money auction after a drop in market interest rates ... to longer- term funding on Sept. 19 after a credit-market slump forced mortgage ... The market rate on three-month money dropped to 6.31 percent today, the lowest ...
    2007-09-26 08:36:00
  • U.K. Commercial Banks Shun BOE Money-Market Auction (Update1) (Bloomberg.com)

    Sept. 26 (Bloomberg) -- U.K. commercial banks shunned the Bank of England's emergency auction of three-month loans after market interest rates dropped, making banks unwilling to borrow at the penalty rate on offer.
    2007-09-26 05:19:45
  • U.K. Commercial Banks Shun BOE Money-Market Auction (Update3) (Bloomberg.com)

    Sept. 26 (Bloomberg) -- U.K. commercial banks shunned the Bank of England's three-month money auction after a drop in market interest rates enabled them to avoid the potential stigma of borrowing at a penalty rate.
    2007-09-26 08:43:19
  • Mortgage applications slide 2.8% as purchases fall (USA Today)

    Home loan applications slumped last week after climbing for three straight weeks, an industry group said Wednesday, as falling demand for home purchase loans overshadowed a fourth weekly rise in refinancing requests.
    2007-09-26 06:46:28
  • Confidence at post-Katrina level

    The Washington Times - Consumer confidence and home sales plummeted after jobs as well as jumbo and exotic mortgage loans suddenly became hard to get last month, new figures showed yesterday. Confidence fell to the lowest level since fall 2005, when Hurricane Katrina ...
    2007-09-26 04:54:00
  • NCRC Targets Morgan Stanley on Loans

    Forbes - The Washington-based NCRC, which promotes equal access to credit and financial services to underserved communities, in July said in a study that higher income does not protect blacks and Hispanics from receiving mortgage loans with above-market rates ...
    2007-09-24 11:30:00