Mortgage and Financial News From 2007-9-20 Page 6

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  • Northern Rock made Mervyn King panic

    Daily Telegraph - Alliance & Leicester increased its mortgage rates last night. Britain's eighth largest lender said rates on tracker mortgages would rise by between 0.1 per cent and 0.2 per cent for new customers and people remortgaging. Halifax and Abbey have ...
    2007-09-20 05:54:00

  • Bernanke: Fed eased to "get out ahead" of crisis

    CNBC - As the Federal Reserve lowered interest rates to one percent and then raised them gradually, mortgage rates did not respond very much to those short-term rates. They were in fact primarily determined by the long-term rates determined in ...
    2007-09-20 01:44:00

  • Lender raises tracker mortgage rate

    Channel 4 News - Alliance & Leicester has become the latest lender to increase some of its mortgage rates as a result of the turmoil in global credit markets. The UK's eighth largest lender said it was raising rates on its tracker mortgages by between 0.1% and 0.2 ...
    2007-09-20 05:04:00

  • Vital Signs: Getting a Read on the Damage

    BusinessWeek - But the Fed's rate cut has touched off concerns about higher inflation down the road, which is causing the 10-year Treasury yield -- the rate generally used to set mortgage rates -- to shoot up in recent days. That could curtail near-term demand even ...
    2007-09-20 03:45:00

  • Long-term interest rates inflated housing-Bernanke

    Reuters - As the Federal Reserve lowered interest rates to one percent and then raised them gradually, mortgage rates did not respond very much to those short-term rates. They were in fact primarily determined by the long-term rates determined in ...
    2007-09-20 12:25:00

  • 30-year mortgage rates edge up from 4-month lows

    USA Today - WASHINGTON — Rates on 30-year mortgages, after dropping to their lowest point in four months, edged up this week. Freddie Mac, the mortgage finance company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.34% this week, up slightly ...
    2007-09-20 01:15:00

  • US mortgage rates rose on Thursday - BestInfo

    Reuters - NEW YORK, Sept 20 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points rose 1/8 of a percentage point on Thursday to 6-1/2 percent, according to BestInfo Inc. If the mortgage market on Friday continues in its current ...
    2007-09-20 02:27:00

  • 30-year mortgage rates edge up from 4-month lows (USA Today)

    Rates on 30-year mortgages, after dropping to their lowest point in four months, edged up this week.
    2007-09-20 12:49:54

  • (AFX UK Focus) 2007-09-21 01:38 GMT: Hong Kong banks to raise mortgage rates - report (Interactive Investor)

    HONG KONG (Thomson Financial) - Hang Seng Bank, Standard Chartered Bank and other Hong Kong banks plan to raise their mortgage rates to ease pressure on their earnings after they cut their prime lending rates this week, the South China Morning Post reported Friday.
    2007-09-20 06:09:15

  • Mortgage rates rise slightly (Bankrate.com via Yahoo! Finance)

    The Federal Reserve cut interest rates this week. So naturally, mortgage rates went along for the ride, right? Wrong.
    2007-09-20 03:00:00

  • Long-term U.S. mortgage rates inch higher (Market Watch)

    CHICAGO (MarketWatch) -- Long-term mortgage rates moved slightly higher this week, with the 30-year fixed rate averaging 6.34%, up from last week's 6.31% average, according to Freddie Mac's weekly survey released on Thursday.
    2007-09-20 08:04:33

  • Mortgage rates creep up (CNN Money)

    Mortgage rates rose slightly in the latest week, but remained near recent lows, Freddie Mac reported Thursday.
    2007-09-20 07:55:27

  • Bush voices optimism about economic outlook

    Minneapolis Star Tribune - WASHINGTON — President Bush on Thursday cited "some unsettling times" in the U.S. housing and credit markets as he ... 3 people charged in mortgage fraud case Firefighters rescue drunken man trapped in chimney 50 ways to save Landis found guilty of ...
    2007-09-20 11:28:00

  • Floyd Irons Facing Fraud Charges

    KSDK - KSDK - Floyd Irons, once the most successful high school baseketball coach in the state, was in court to face mortgage fraud charges Thursday. A co-defendant pleaded guilty Thursday. Irons is facing two counts of mortgage fraud, which could bring 30 ...
    2007-09-20 09:47:00

  • Grandma to the rescue

    Minneapolis Star Tribune - Guest blogger and Star Tribune business reporter H.J. Cummins finds that much has changed since she was a working ... 3 people charged in mortgage fraud case Firefighters rescue drunken man trapped in chimney Star Tribune to begin search for new ...
    2007-09-20 01:51:00

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