Finance and Economy Archive


With No Room to Cut Rates, Fed Looks to Other Remedies

Thursday, January 29th, 2009
By Kevin G. Hall ...
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Bankrate – Mortgage Rates Slide Lower

Thursday, January 29th, 2009
RISMEDIA, January 30, 2009-Mortgage rates fell versus one week ago, with the average 30-year fixed mortgage rate now 5.48%. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.29 discount and origination points. ...
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Fannie Mae Tries Program to Speed Up ‘Short Sales’ in Orlando Area

Wednesday, January 28th, 2009
By Jerry W. Jackson ...
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Mortgage Applications Fall In Latest MBA Weekly Survey

Wednesday, January 28th, 2009
RISMEDIA, January 29, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 23, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 732.1, a decrease of 38.8% on a seasonally adjusted basis from 1195.3 one week earlier. This week's ...
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Consumers Get Conflicting Advice – Save More, Spend More

Monday, January 26th, 2009
By Scott Canon ...
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The Housing and Economic Crisis Includes Small Business Owners

Monday, January 26th, 2009
Commentary by Samuel D. Bornstein ...
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Mortgage Rates Rebound to Three-Week High

Thursday, January 22nd, 2009
RISMEDIA, January 23, 2009-Mortgage rates increased after falling in each of the previous three weeks. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage rate is now 5.59% with an average of 0.3 discount and origination points. ...
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Mortgage Job Losses Ease

Wednesday, January 21st, 2009
RISMEDIA, January 22, 2009-Mortgage-related layoffs have eased and may be near a bottom, according to employment data tracked by http://www.mortgagedaily.com/. Quarterly job cuts were down by nearly 25 percent, and annual migration out of real estate finance dropped by more than half. ...
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Mortgage Rates Shift Up Slightly Last Week, but Remain Below 5.00%

Wednesday, January 21st, 2009
RISMEDIA, January 22, 2009-The weekly average rate borrowers were quoted on Zillow for thirty-year mortgages rose slightly last week to 4.96 percent, up from 4.92 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Meanwhile, rates for 15-year fixed mortgages ...
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Obama Adviser Sees Stimulus Effects Next Month

Monday, January 19th, 2009
By Andrea Coombes ...
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