Mortgage and Financial News From 2007-10-25 Page 9
Previous Day: 2007-10-24
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Has the Mortgage Crisis Finally Peaked? (BusinessWeek Online via Yahoo! News)
In recent months, mortgage issues have been a main force hampering home sales but, according to a new report from the National Association of Realtors, mortgage availability is finally improving -- even as home sales continue to slide.
2007-10-25 05:08:41 -
Costello urges banks not to raise rates (Tenterfield Star)
Federal Treasurer Peter Costello has again called on the banks to resist raising mortgage interest rates. Mr Costello told reporters in Sydney there was no reason for banks to raise interest rates on home loans.
2007-10-25 02:14:36 -
Rates drop, and so do home sales (Bankrate.com)
Home sales are crashing and investors are losing billions of dollars on bad home loans. All in all, it spells great news for mortgage rates. The benchmark 30-year fixed-rate mortgage fell 18 basis points to 6.31 percent, according to the Bankrate.com national survey of large lenders.
2007-10-25 04:57:15 -
Sales of New U.S. Homes Probably Declined to Lowest Since 1997
Bloomberg - ... expect the real-estate recession to persist as stricter lending rules and higher mortgage rates ... Mortgage lending will tumble this year to $2.3 trillion, the lowest since 2000, as the ``credit shock'' restricts lending, the Mortgage Bankers ...
2007-10-25 12:31:00 -
September sales rise 4.8%, but at second-lowest level in 10 years
Marketwatch - Even accounting for September's rebound, the latest sales level is still the second lowest in more ... contracts, which have surged in recent months, especially since the seizing up of some mortgage markets. Builders have reported cancellation rates as ...
2007-10-25 10:18:00 -
Home-resales fall a record
Denver Post - The housing slump followed five straight years of record sales, a boom that was fueled by the lowest mortgage rates in four decades. Analysts blamed the ...
2007-10-25 12:05:00 -
Mortgage approvals slide
Reuters UK - LONDON (Reuters) - Mortgage approvals fell an annual 27 percent in September to their lowest for that month in seven years, a survey shows, suggesting higher interest rates and the credit crunch are starting to bite. The British Bankers' Association ...
2007-10-25 02:32:00 -
MBIA Reports First Loss on Slump in Mortgage Debt (Update1)
Bloomberg - MBIA Reports First Loss on Slump in Mortgage Debt (Update1) By Christine Richard Oct ... The share price is the lowest since May 2003. Concerns Rise ... or linked to specific events such as changes in the weather or interest rates ...
2007-10-25 04:27:00 -
Tumble in mortgage approvals fuels housing fears
Daily Telegraph - More news on the economy and interest rates MPC's top expert warns of buy-to-let dangers The British Bankers' Association (BBA) announced today that mortgage approvals tumbled to 160,879 in September - the lowest number for the month since 2000. While ...
2007-10-25 11:22:00 -
New Home Sales Rebound in September
CNBC - ... reports from banks and investment houses that they were having to take big write-offs due to losses in such areas as mortgage ... because the Federal Reserve, which cut a key interest rate for the first time in four years, will keep cutting rates to ...
2007-10-25 07:11:00 -
U.S. mortgage toll could keep soaring
International Herald Tribune - ... Department, also bolstered hopes that the Federal Reserve would cut interest rates ... after Merrill Lynch's admission that it had written off $7.9 billion in mortgage ... Sales of single-family homes hit their lowest level since January 1998. It was the ...
2007-10-25 11:58:00 -
Mortgage approvals slide (Reuters.co.uk)
LONDON (Reuters) - Mortgage approvals fell an annual 27 percent in September to their lowest for that month in seven years, a survey shows, suggesting higher interest rates and the credit crunch are starting to bite.
2007-10-25 02:57:12 -
Rates on 30-year mortgages drop sharply (AP via Yahoo! News)
Rates on 30-year mortgages fell to the lowest level in six weeks as financial markets grew more hopeful that the Federal Reserve will boost the sluggish economy by cutting interest rates further.
2007-10-25 02:07:02 -
Mortgage approvals slide in September (Reuters via Yahoo! UK & Ireland News)
Mortgage approvals fell an annual 27 percent in September to their lowest for that month in seven years, a survey showed on Thursday, suggesting higher interest rates and the credit crunch are starting to bite.
2007-10-25 03:03:00 -
Rates on 30-Year Mortgages Drop Sharply (San Francisco Chronicle)
Rates on 30-year mortgages fell to the lowest level in six weeks as financial markets grew more hopeful that the Federal Reserve will boost the sluggish economy by cutting interest rates further. Freddie Mac, the mortgage company, reported Thursday...
2007-10-25 02:25:43
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