Mortgage and Financial News From 2008-2-26 Page 16

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  • European government bonds drift lower after upside US housing data ...

    CNBC - ... homes and condominiums were down 0.4 pct in January to a seasonally-adjusted annual rate of 4.89 mln units, the lowest ... new phase with previously unaffected creditworthy borrowers now getting caught up in the turmoil as fixed mortgage rates for ...
    2008-02-25 08:32:00

  • Business Minute: Housing outlook still downbeat...Gas prices rise ...

    Idaho8.com - The National Association of Realtors says sales of existing homes fell 0.4% in January to the lowest level in nearly a decade. NEW YORK (AP) - Gas prices at the pump added more than 2 cents a gallon over the weekend.
    2008-02-25 11:02:00

  • Housing prices still falling

    Record Searchlight - January home sales in Shasta County dipped to their lowest level in the 14 years ... of a pool and waiting for somebody to jump in," lender Ken Lawrence of Silverado Mortgage said of the state of the market. With prices falling and interest rates ...
    2008-02-26 04:27:00

  • Need to know

    Times Online - Mortgage approvals rose slightly in January to 44,288, up from from 42,343 in ... US house sales fell to their lowest in nine years in January. ... for more than 75 per cent of a property’s value that they will pay higher rates ...
    2008-02-25 04:24:00

  • US home sales fall less than expected

    Financial Times - However, resales of homes still hit their lowest level since the National Association of Realtors’ records began in 1999 ... As home prices have fallen and mortgage rates have remained relatively stable in recent months, the environment for home ...
    2008-02-25 09:51:00

  • Illinois home sales plunged in January

    Chicago Sun-Times - ... worse than the nation, where sales of single-family homes and condominiums slid 0.4 percent last month, the lowest ... given the severe snow and cold, but looking ahead to the spring market some positives to point to are low mortgage interest rates ...
    2008-02-25 11:24:00

  • Aircastle shares surge after upgrade

    MSN MoneyCentral - On Friday, the stock plummeted to its lowest point ever following a disappointing ... company "a defensive name within our otherwise-troubled coverage universe of mortgage ... and funding-sensitive names, despite solid industry fundamentals (i.e. lease rates ...
    2008-02-25 11:09:00

  • U.S. Existing-home Sales Fall to Lowest Level in Decade

    HispanicBusiness.com - Existing-home sales in the United States fell to the lowest level in nearly a decade, the ... Falling prices and rising interest rates have made many borrowers hard to keep up with their mortgage payments.
    2008-02-25 11:45:00

  • Take steps to bump up your credit score

    Springfield News-Leader - But before you start shopping for a new car or mortgage, check your credit reports. These days, even a minor dent or ding could prevent you from getting the lowest rates.
    2008-02-26 12:17:00

  • Stocks rise on hopes of housing rebound

    MSNBC - Stocks rise on hopes of housing rebound Existing-home sales fall to lowest level in nearly a decade ... The credit industry, already slammed by the summer's mortgage crisis, could face further erosion if bond insurers were to ...
    2008-02-25 09:51:00

  • Home sales lowest since 1999

    News Sun - Sales of existing homes fell to the lowest level in nearly a decade in January while the median price for a home dropped ... Mortgage rates lower The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central region was 5.73 ...
    2008-02-26 01:57:00

  • Ahead of the Bell: Senate's Mortgage Fix

    BusinessWeek - ... S. bankruptcy code would allow judges to cut interest rates and reduce what's owed on troubled borrowers' mortgages. ... reported that sales of existing homes fell to the lowest level ...
    2008-02-26 03:30:00

  • U.S. Home Foreclosures Jump 90% as Mortgages Reset (Update1)

    Bloomberg - Nevada, California and Florida recorded the highest foreclosure rates among the 50 states, said RealtyTrac, a seller of U.S ... Sales of existing homes fell last month to the lowest in at least nine years, the National Association of Realtors said ...
    2008-02-26 03:52:00

  • Bernanke Fails to Cut Rates for Most Americans With Easy Credit

    Bloomberg - Lower fixed mortgage rates would avert foreclosures and give consumers more money to spend, said Diane Swonk, chief economist of ... Sales of existing U.S. homes declined in January to the lowest since records of combined condominium and single-family ...
    2008-02-26 06:29:00

  • Grand Theft Auto maker says no (The Plain Dealer)

    The company behind the hugely popular video game Grand Theft Auto says it is not going to jump at a $2 billion buyout offer from Electronic Arts Inc. The offer is "the wrong price at the wrong time," Take-Two Interactive Software Inc. Chief Executive Ben Feder said Monday after the news of the $26-per-share bid sent Take-Two's shares up 55 percent to a $26.89 close.
    2008-02-26 05:11:19

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