Mortgage and Financial News From 2008-3-16 Page 6

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  • Home affordability at worst point since 1990: RBC

    CBC News - Housing affordability in Canada ended last year at its lowest level since 1990, Royal Bank said Friday. ... Rising fixed mortgage rates continue to push up home-ownership costs, but RBC said it sees some improvement on the horizon.
    2008-03-13 05:54:00

  • Mortgage rates riding the roller coaster

    Union Leader - Mortgage rates riding the roller coaster By CHRIS KISSELL Scripps Howard News Service ... The lowest rate was 4.25 percent. Six months ago, the average rate in the U.S. was 5.94 percent.
    2008-03-15 08:44:00

  • The Truth About Bankruptcy

    24-7PressRelease.com - ... 16, 2008 - Michigan leads the nation in unemployed residents and foreclosure rates. This is no surprise. Michigan also boasts the lowest ... mortgage , payments , rates Other Similar Press Release Topics: Fairinvestment.co.uk chooses to support ...
    2008-03-16 10:05:00

  • Stocks face rocky ride with banks, Fed

    CNBC - Will the Fed cut rates? And if so, how much? And most importantly, what will the ... tumbled as much as 50 percent on Friday to a session low at $28.42, its lowest ... Bear, which has been hard hit by its heavy exposure to the faltering U.S. mortgage ...
    2008-03-16 10:13:00

  • How to Win in Today's Housing Market

    Canton Daily Ledger - The site does not access your credit report, so completing an inquiry with them does not impact your credit score. To tap some of the lowest mortgage rates in history, visit www.the-best-mortgage-rate.com
    2008-03-12 05:55:00

  • A lender's recipe for downfall

    Baltimore Sun - Consumers just exiting bankruptcy could get a mortgage with few questions. They could have some of the lowest possible credit scores. ... As interest rates rose and competition intensified, Fieldstone pushed to make more loans to ...
    2008-03-15 10:10:00

  • Dollar caught in Fed, ECB cross-fire

    Boston Globe - Federal Reserve is poised to cut interest rates again this week while the ... quarter-point cut would take the federal funds rate to 2.25 percent, the lowest ... There's no subprime mortgage (market) to be melting down.
    2008-03-16 01:04:00

  • Northern Rock set to lose thousands of jobs to earn EU approval

    Times Online - The difficulties in the mortgage market are underlined today by figures showing that ... The lowest rate on offer with an equivalent deal now is 5.58 per cent. ... who had chosen the longer-term deals in preference to cheaper two-year fixed rates ...
    2008-03-16 02:59:00

  • RPT-Wall St Week Ahead: Stocks face rocky ride with banks, Fed (Reuters via Yahoo! Malaysia News)

    (Repeats column initially sent late Friday; updates with more on volatility, bonds, the dollar, oil and gold)
    2008-03-16 08:32:42

  • Economist expects Fed to cut rates at least a half-point (USA Today)

    David Berson anticipates the Federal Reserve will cut interest rates by a half-percentage point Tuesday, or possibly more. And Fed officials will continue slicing in 2008 as central bankers combat a recession that appears to have started and is likely to end later this year.
    2008-03-16 10:37:54

  • N.Z. Dollar Drops as Bear Stearns Bailout Deters Carry Trades (Bloomberg.com)

    March 17 (Bloomberg) -- New Zealand's dollar declined after the Federal Reserve's bailout of Bear Stearns Cos. fueled concerns the global economy will weaken and prompted investors to shun holdings of higher-yielding assets.
    2008-03-16 01:49:25

  • Dollar caught in Fed, ECB cross-fire (Muzi)

    The U.S. Federal Reserve is poised to cut interest rates again this week while the European Central Bank remains on hold for a while, leaving the beleaguered U.S. dollar caught in the cross-fire.
    2008-03-16 02:29:17

  • Northern Rock set to lose thousands of jobs to earn EU approval (Times Online)

    Northern Rock faces being shrunk to half its present size, with big job losses, under plans drawn up to satisfy European Union competition rules, The Times was told last night.
    2008-03-16 02:37:43

  • Moribund Housing Lets U.S. Mortgage Bonds Diminish Treasuries (Bloomberg.com)

    March 17 (Bloomberg) -- Investors in Treasuries dejected by the lowest yields on 10-year notes since 2003 may get some relief from the housing market.
    2008-03-16 03:10:24

  • Tuesday could be a big day for Fed rate moves (USA Today)

    Fed Chairman Ben Bernanke and his colleagues are expected to cut their target for short-term interest rates by three-quarters of a percentage point to 2.25%, the lowest in more than three years, according to a market in which investors bet on future Fed actions.
    2008-03-16 04:35:03

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