Mortgage and Financial News From 2007-8-30 Page 17

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  • Decline in Home Prices Pulls the Carpet out from under the Mortgage Market (PRWeb)

    Martin Weiss, Ph.D. examines the relationship between falling home prices and the declining mortgage market. In this issue of Money and Markets, Dr. Weiss discusses the reasons why these two markets are correlated. (PRWeb Aug 30, 2007)
    2007-08-30 07:10:18
  • Thai 10-Year Bonds Fall as Rates Remain on Hold; Baht Unchanged

    Bloomberg - Aug. 30 (Bloomberg) -- Thailand's 10-year government bonds fell on speculation the central bank may slow the pace of interest rate reductions for the remainder of this year. The baht was little changed. The yield on the benchmark debt rose to the ...
    2007-08-30 04:12:00
  • Nation should follow N.C. on mortgage reforms

    Asheville Citizen-Times - About two-thirds of those have adjustable interest rates, he said. The expansion of subprime mortgage lending has made homeownership possible for households that in the past might not have qualified for a mortgage and has contributed to the rise in ...
    2007-08-30 04:55:00
  • US shares rebound drives markets

    BBC News - Sub-prime default levels have risen to record highs in the US over the past year in the face of higher mortgage rates. This has raised fears that this could hamper credit availability in the broader market, not just in America, but around the world ...
    2007-08-29 11:33:00
  • Sub-prime borrowers not alone

    Los Angeles Times - Unlike many sub-prime loans, the alt-A loans did not have prepayment penalties or big jumps in interest rates after two years. "These are very spooky times for borrowers trying to find mortgages and even for mortgage brokers trying to find mortgages ...
    2007-08-30 05:24:00
  • Report: BOJ official says Japan's low interest rates may have ...

    CNBC - The bank had been expected to raise interest rates at its last meeting earlier this month, but speculation changed course after the emergence of the U.S. subprime mortgage crisis, which sent share prices around the world nose-diving. "Recent turmoil ...
    2007-08-30 04:55:00
  • ANZ says revenue, expense rates high

    Age - If this high liquidity premium between cash and bill funding rates is sustained, it would put upward pressure on mortgage rates. "Pricing for corporate debt will increase as risk premiums rise, while there is likely to be some deferral of corporate ...
    2007-08-30 06:14:00
  • Fed chief seeks better mortgage products

    Boston Globe - Higher interest rates and weak home values have made it impossible for some to pay or to keep up with mortgage payments. Some overstretched homeowners can't afford to refinance or even sell their homes. Bernanke said developing "a broader range of ...
    2007-08-30 04:26:00
  • ANZ says position strong, despite credit crisis

    News.com.au - If this high liquidity premium between cash and bill funding rates is sustained, it would put upward pressure on mortgage rates. "Pricing for corporate debt will increase as risk premiums rise, while there is likely to be some deferral of corporate ...
    2007-08-30 04:48:00
  • Home loan demand falls despite lower rates

    MSNBC - NEW YORK - U.S. mortgage applications fell for a second consecutive week, reflecting a drop in demand for home purchase and refinancing loans even as interest rates sank, an industry group said on Wednesday. The Mortgage Bankers Association said its ...
    2007-08-29 12:49:00
  • Consumers bid 'farewell to ARMs' as rates surge

    The Washington Times - The sudden jump in mortgage rates is the result of the continuing extreme difficulty of raising funds for nonconventional mortgages in the credit markets, analysts say. More than 100 mortgage brokers have gone bankrupt and even some of the biggest ...
    2007-08-30 05:17:00
  • US mortgage rates unchanged on Wednesday - BestInfo

    Reuters - NEW YORK, Aug 29 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points was unchanged on Wednesday at 6-5/8 percent, according to BestInfo Inc. If the mortgage market on Thursday continues in its current direction, rates may ...
    2007-08-29 09:38:00
  • Higher rates for risky mortgages (Australian Broadcasting Corporation)

    Adelaide Bank will increase interest rates on some of its riskier home loans in the wake of the United States subprime mortgage crisis.
    2007-08-30 03:42:39
  • Interest rates have peaked, Nationwide predicts (Daily Telegraph)

    Mortgage lender Nationwide is predicting that interest rates in the UK will now peak at 5.75pc as the threat from a slowdown in the US economy increases and inflation eases.
    2007-08-30 07:25:47
  • Mizuno Says Loan Crisis Shows Why Rates Need to Rise (Update1) (Bloomberg.com)

    Aug. 30 (Bloomberg) -- Overinvestment was a major cause of the U.S. subprime mortgage crisis and illustrates why the Bank of Japan needs to raise interest rates, central bank policy maker Atsushi Mizuno said.
    2007-08-30 03:35:20