Mortgage and Financial News From 2008-3-8
Previous Day: 2008-03-07
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UK house prices continue to cool
Financial Times - Halifax, the UK’s biggest mortgage lender, said house prices ... and the annual rate of increase down to 4.2 per cent, the lowest since October 2005.
2008-03-06 01:18:00 -
California gets first crack at new FHA mortgage limits
San Francisco Gate - ... mortgages - so-called jumbo loans - backed by Fannie and Freddie, the two biggest mortgage financers in the country. That would drive interest rates lower ... Lassen, Modoc and Trinity counties are subject to a loan cap of $271,050 - which is the lowest ...
2008-03-05 11:45:00 -
Geithner Says Rates May Need to Stay Low `Some Time' (Update4)
Bloomberg - Money-market rates for euros and pounds climbed to the highest since mid-January ... financial conditions have tightened as investors demand higher yields on mortgage ... New-home sales fell in January to the lowest level since February 1995.
2008-03-06 12:31:00 -
Mortgage rates drop as investors fret
San Jose Mercury News - Mar 6: U.S. pending home sales remain at second-worst number on record Fed: Homeowner equity falls to lowest on record Industry group: home foreclosures at record high 10 things to know about Silicon Valley real estate - right now FHA boosts loan ...
2008-03-06 12:02:00 -
U.S. Stocks Drop to 18-Month Low After Foreclosures Hit Record
Bloomberg - Morgan Stanley dropped $1.80 to $39.67, the lowest since October 2004. Thornburg Mortgage lost $1.75, or 51 percent, to $1.65. ... Treasuries rose and three-month bill rates fell to the lowest level since 2004 as investors took refuge in ...
2008-03-06 02:39:00 -
European Stocks Decline for Second Week; STMicro, Axa Slump
Bloomberg - ... fourth- quarter profit fell 18 percent on declining insurance rates ... UBS dropped 12 percent to 30.20 euros, the lowest since 2003. JPMorgan Chase & Co. said the Zurich-based bank probably sold $24 billion in holdings of mortgage-backed securities in ...
2008-03-08 12:40:00 -
UT foreclosure
Daily Herald - The Mortgage Bankers Association reports that home foreclosures in Utah rose from 0.61 percent to 0.8 percent since 2006. ... Confidence at lowest point since 2002 WASHINGTON ...
2008-03-07 11:14:00 -
Homeowner equity is lowest since 1945
Fort Worth Star-Telegram - Home equity, which is equal to the percentage of a home's market value minus mortgage ... expect foreclosures to rise as more homeowners struggle with adjusting rates on ... Homeowner equity is lowest since 1945
2008-03-06 09:10:00 -
Americans’ home equity lowest since 1945
Philadelphia Inquirer - Americans’ home equity lowest since 1945 By Alan J. ... levels - the percentage of the home owned by the family rather than the mortgage ... This happened when the initial, or teaser, rates were adjusted upward.
2008-03-06 03:22:00 -
US 30-year mortgage rates fall in latest week
Reuters - U.S. 30-year mortgage rates averaged 6.03 percent compared to 6.24 percent a week earlier, while 15-year mortgages fell to an average of 5.47 percent from 5.72 percent.
2008-03-06 09:17:00 -
Oil Rally May Be Economy's Undoing
Baltimore Sun - And, the summer's subprime mortgage collapse continues to threaten financial institutions around the world. ... A growing number of economists are becoming concerned that the Federal Reserve, which has been cutting rates in hopes of ...
2008-03-07 11:42:00 -
Dollar inches higher after new low against euro (Zawya)
NEW YORK, March 7, 2008 (AFP) - The dollar sank to a new low on the euro Friday on dismal US jobs data but later clawed back losses after the Federal Reserve said it would pump more liquidity into the cash-strapped banking system.
2008-03-07 09:59:23 -
UT foreclosure (Provo Daily Herald)
Utah foreclosure rate below U.S. average
2008-03-07 11:31:29 -
Recession fears rise as firms slash jobs (Boston Globe)
The US economy may have slid into a recession, and the risks are growing for a long and deep downturn, economists said.
2008-03-07 11:46:38 -
USInsuranceOnline.com Launches Improved Site with More Insurance Providers and Better Consumer Information (PRWeb)
UsInsuranceOnline.com, an informative insurance comparison shopping site announced today the launch of a new version of its three-year-old site. It now provides free customized quotes on 20 different lines of insurance from more than 200 different companies. (PRWeb Mar 8, 2008) Read the full story at http://www.prweb.com/releases/insurance/online/prweb750274.htm
2008-03-08 12:24:08