Mortgage and Financial News From 2007-9-13 Page 9

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  • Rates on 30-year mortgages drop sharply

    Miami Herald - Rates on 30-year mortgages dropped this week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages ...
    2007-09-13 08:51:00

  • Saving Money through Refinancing

    Best Syndication - ... have an escalating source of wealth to draw format the time of need. Martin Lukac represents RateEmpire.com Mortgage and Refinance Loan marketplace. RateEmpire.com is a destination site of personal finance, investing and taxes. For more information ...
    2007-09-13 12:55:00

  • Drastic Move of Some Mortgage Rates

    Best Syndication - ... financial marketplace which connects consumers with multiple mortgage companies that compete for their business. RateEmpire.com is a destination site of personal finance, investing, taxes and mortgage rate predictions. For more information please ...
    2007-09-13 12:55:00

  • Mortgage banks hit hard

    Guardian Unlimited - Mortgage banks suffered heavy losses on the stock market today after the credit squeeze began to force lenders to increase rates for customers. Northern Rock lost 4.9% and Alliance & Leicester shed 2.7% after data showing the first dip in UK house ...
    2007-09-13 12:48:00

  • Greenspan opposed to hurried rates cut

    MSNBC - Mr Greenspan admitted that he was slow to realise the extent of questionable practices taking place in the subprime mortgage lending market, such as selling adjustable rate mortgages with low teaser rates without adequately explaining what would ...
    2007-09-13 12:55:00

  • Greenspan Defends Low Interest Rates

    CBS News - Greenspan Defends Low Interest Rates Former Federal Reserve Chairman Talks To Lesley Stahl About Sub-Prime Mortgage Meltdown
    2007-09-13 11:43:00

  • Positive mortgage developments

    Boston Online - More confirmation about a bright corner of the mortgage market: Freddie Mac, one of the largest purchasers of US mortgages, said that interest rates for 30-year, fixed-rate mortgages dropped to 6.31 percent today, down from 6.45 a week ago. The rate ...
    2007-09-13 12:05:00

  • Halifax raises its mortgage rates as banks bite back

    This is London - Britain's biggest mortgage lender yesterday joined the rush to raise rates on many of its home loans. Halifax announced it would lift repayment costs on 20 of its tracker products by between 0.1 and 0.2 percentage points. Its move came as banks found ...
    2007-09-13 01:52:00

  • Rise in State's Foreclosure Rates Has Michigan Mortgage Lenders ...

    Forbes - SHELBY TOWNSHIP, Mich., Sept. 13 /PRNewswire/ -- The Michigan Mortgage Lenders Association (MMLA) announced today that it is positioning itself as the "go-to" media source for mortgage and foreclosure-related stories in Michigan. MMLA's Director of ...
    2007-09-13 11:29:00

  • Credit Crunch Fears Ease As Countrywide Finds New Loans

    Forbes - That created a vicious circle of falling prices and defaults, exacerbated by the end of low-cost introductory mortgage rates. Countrywide has slashed jobs and borrowed billions of dollars to stay in business (See: “Cuts Claimed At Countrywide” ...
    2007-09-13 01:45:00

  • Savings rates hit six-year high

    BBC News - For the first time in six years, it is now possible to earn interest on your savings of 7%. The recent rise in the cost of lending between banks, which has pushed up some mortgage rates, is now leading to higher savings on some accounts. The Stroud ...
    2007-09-13 08:16:00

  • Halifax hikes mortgage rates amid credit crunch

    MSN UK News - LONDON (Reuters) - Halifax said on Thursday it was increasing some of its mortgage rates in the wake of a global credit crunch. The lender -- which accounts for a fifth of the mortgage market -- said it would raise rates on around 20 of its tracker ...
    2007-09-13 07:04:00

  • Interest Rates Hit British Retailing

    BusinessWeek - Interest Rates Hit British Retailing Figures out this month show families are avoiding big ticket retail items and experts point to higher mortgage rates for the cautious spending by Martin Hickman
    2007-09-13 01:02:00

  • U.S. mortgage rates rose on Thursday -BestInfo

    Reuters - NEW YORK, Sept 13 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront "points" rose by 0.125 percentage point on Thursday to 6.50 percent, according to BestInfo Inc., a mortgage analysis firm. The 30-year rate also climbed 0.125 ...
    2007-09-13 01:45:00

  • (AFX UK Focus) 2007-09-13 16:02 GMT: HBOS raises mortgage rates in response to credit crunch (Interactive Investor)

    LONDON (Thomson Financial) - HBOS, the UK's biggest home loan provider, has become the latest bank to hike its mortgage rates in response to a rise in wholesale borrowing costs as a result of the recent credit crunch.
    2007-09-13 08:31:57

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