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All types of mortgages see rate increases - Kansas City StarMortgage rates shot up this week with 30-year mortgages climbing to the highest level in nearly a year, reflecting concerns in financial markets about the troubles at corporate giants Fannie Mae and Freddie Mac. Freddie Mac reported Thursday that its ...
The slump persists: Home sales tumble across US - Kansas City StarA pedestrian walks past a house bearing a lender foreclosure sign, Thursday, July 24, 2008, in Shaker Heights, Ohio. Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in ...
Home sales at 10 year low - CNN MoneyNEW YORK (CNNMoney.com) -- Sales of existing homes in June slowed more than expected and hit their lowest level in 10 years, according to an industry trade group report released on Thursday. The National Association of Realtors reported that sales by ...
Jobless claims jump as housing market gets weaker - Miami HeraldWASHINGTON Two cornerstones of the economy - jobs and housing - sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing ...
Buy Fannie Mae, Freddie Mac Mortgage Bonds, UBS Says (Update1) - BloombergJuly 23 (Bloomberg) -- Investors should add Fannie Mae and Freddie Mac mortgage bonds as increased purchases from mutual funds and foreign central banks make up for a drop in buying at the U.S. government-chartered companies, UBS AG said. The option ...
Housing market weakens again - CNN MoneyNEW YORK (CNNMoney.com) -- Sales of existing homes slowed more than expected in June while inventory increased, according to an industry trade group reading of the sluggish housing market released Thursday. The National Association of Realtors ...
The Empire District Electric Company Earnings Report and Declaration ... - ForbesAt the Board of Directors meeting of The Empire District Electric Company (NYSE:EDE) held today, the Directors declared a quarterly dividend of $0.32 per share on common stock payable September 15, 2008, to holders of record as of September 1, 2008 ...
Fed Says All District Banks Report `Price Pressures' (Update2) - BloombergJuly 23 (Bloomberg) -- The Federal Reserve said all 12 of its regional bank districts reported ``elevated or increasing'' price pressures during June and July amid slower economic growth. Five of the districts indicated ``a weakening or softening ...
Raise Rates, If It Makes You Feel Better - Barron's OnlineWATCH WHAT THEY SAY , and what they do. That twist on the advice from Richard Nixon's attorney general, John Mitchell, would seem to apply to maverick Federal Reserve regional bank presidents who are backing their tough anti-inflation rhetoric with ...
Foreclosure rescue could boost housing - Miami HeraldU.S. House leaders Wednesday approved a colossal housing package that allows the federal government to back up to $300 billion in refinanced loans for at-risk borrowers, a measure that could save thousands of South Florida homeowners from foreclosure ...
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