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(AFX UK Focus) 2008-12-03 12:19 RPT-US mortgage applications surge by record amount (Interactive Investor)
NEW YORK, Dec 3 (Reuters) - U.S. mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance ...
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US mortgage applications surge largest amount on record-MBA (The Forex Market)
NEW YORK, Dec 3 (Reuters) - U.S. mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday.
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Money 911: Your recession, credit woes (MSNBC)
Should the recession affect your money management? Is it a good idea to take money out of a 401K to pay off your mortgage? TODAY financial editor Jean Chatzky offers useful advice to protect your credit, manage your investments and more.
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Recession Lowers Mortgage Rates for VA Loans, Flagship Financial Services Issues Challenge (PRWeb via Yahoo! News)
Interest Rates have fallen dramatically and are at a three year low. Flagship is offering to pay vets $250 if they can find VA and FHA loans with a lower APR than the company can offer. VA loans are much easier to qualify for than other types of loans. Find out more at www.YourVAPro.com.
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Treasuries Are Little Changed With Yields Near Record Lows (Bloomberg)
Dec. 3 (Bloomberg) -- Treasuries were little changed as traders judged the rally that pushed yields to record lows in the past week was unsustainable given U.S. government efforts to revive the economy.
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Treasuries Fall for First Time in a Week After Record Rally (Bloomberg)
Dec. 3 (Bloomberg) -- Treasuries fell for the first time in six days as traders ignored reports showing the U.S. economy sank further into recession, saying the rally that pushed yields to record lows was unsustainable.
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As Loan Rates Fall, Borrowers Seek 'Taste of the Bailout Pie' (Washington Post)
Would-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending.
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Fighting foreclosure: How one couple got caught in mortgage crisis (Everett Herald)
MARYSVILLE -- Terry and Lloyd Berger live in their dream house in Marysville. Members of their extended family live nearby. "I love Marysville," said Terry Berger, 52. "I'm from here. I don't want to move out of here."
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Credit card companies quick to raise rates, fees (Atlanta Journal-Constitution)
Greg Fischer was already fed up with Bank of America for doubling his credit card's interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April. What sent him over the top, he said, was the bank's decision to rule his September payment late, too. He paid on the due date on the bank's Web site. But he paid at 4:10 p.m. — past a 3:30 cutoff that Fischer said ...
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Good buys in home loans (Baltimore Sun)
U.S. move cuts mortgages to lowest rate since February Home loan borrowers with good credit could be in for some of the best mortgage rates in months, analysts said yesterday, a day after the Federal Reserve announced intervention designed to make financing less costly and more readily available.
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