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News about Mortgages:
Senate on course to vote Saturday on housing bill - ReutersWASHINGTON (Reuters) - The Senate was on course for a Saturday vote to approve a major housing market rescue bill with a lifeline for Fannie Mae and Freddie Mac and bond market action on Thursday indicated investors in the two mortgage finance giants ...
Fannie Mae - Chicago TribuneNEW YORK (AP) _ Wall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism. The major ...
Oil tries to advance after Wednesday's big drop - Seattle Post IntelligencerTraders work in the oil futures pit at the New York Mercantile Exchange in New York, Thursday, July 24, 2008. Oil market investors tried but failed to start a rally in crude Thursday, leaving prices hovering below $125 a barrel after an earlier move ...
Mortgage rates hit highest level in year - Nashua TelegraphMortgage rates took a big jump this week, to their highest point in a year. There's no single explanation for the rise. The benchmark 30-year fixed-rate mortgage rose 35 basis points, to 6.77 percent, according to the Bankrate.com national survey of ...
US Senate on course to vote Sat. on housing bill - Guardian UnlimitedWith Congress hoping that its measure would restore some economic stability, a survey released on Thursday by Freddie Mac reported that U.S. mortgage rates spiked upward this week amid fears of rising inflation, housing market weakness and possible ...
Fannie's new watchdog: All bark? - CNN MoneyNEW YORK (Fortune) -- Backers of the housing rescue bill have been trying to reassure skeptics in Congress by pointing to the bill's creation of a new world-class regulator for Fannie Mae and Freddie Mac. But opponents doubt any watchdog will have ...
US mortgage rates increase again - BBC BusinessThe cost of taking out a mortgage in the US has climbed again due to fears over the fate of two huge lenders, according to The New York Times. The interest rate on an average 30-year fixed rate mortgage rose to 6.71% from 6.44% on Friday, HSH ...
PRESS DIGEST - New York Times business news - July 23 - ReutersJuly 23 (Reuters) - The following were the top stories in the New York Times business pages on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * Mortgage rates are rising because of the troubles at the loan ...
Global stocks slide on economic news - Reuters UKNEW YORK (Reuters) - U.S. stocks fell sharply on Thursday, pulled down by a plunge in banking shares, as disappointing economic news snapped optimism that had been growing from last week and renewed a safe-haven bid for bonds. A drop in sales of ...
2.2 million vacant homes for sale - CNN MoneyNEW YORK (CNNMoney.com) -- The percentage of vacant homes available for sale remained relatively flat in the second quarter, but still hovered in record territory. Some 2.8% of homes, excluding rental properties, were empty and on the market from ...
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