MBA: Florida in top 4 foreclosure statesBizjournals.com, NCThe rate of foreclosures hit a record high in the first quarter, a fact the Mortgage Bankers Association said is “sobering, but not unexpected.” Foreclosure actions were initiated on 1.37 percent of first mortgages during the first quarter, …
MinnPost.comUp Next: Interest RatesReason Online, CAThe Calculated Risk blog predicted that the spike in Treasurys would lead to a rise in mortgage rates, using the following thumbnail: "[A] Ten Year yield at 3.7% suggests a 30 year mortgage rate of around 5.6%." That has nearly come to pass already: …Treasurys Sink, 10Y Yld Hits Fresh High Amid Mtge Related Selling Wall Street JournalBonds rise after auctions CNNMoney.comHedgers flood into market as spreads widen Euroweek.com (registration)The Associated Press - Chicago Tribuneall 695 news articles
Mortgage rate rise thwarts some refinancing plansThe Associated PressThe 30-year fixed mortgage rate hit a record low of 4.78 percent in April thanks in large part to the Fed's decision this year to buy as much as $1.25 trillion in mortgage securities and $300 billion in Treasury notes. So far, the Fed has bought $130.5 …
Dow jumps 103 pointsCNNMoney.comThe average 30-year fixed mortgage rate rose to 5.45% in the week ended Wednesday from 5.24% last week. Companies: Auto parts supplier Visteon (VSTN, Fortune 500) filed for bankruptcy protection for its US operations. The company, which is a major …
EconomistBonds rise after auctionsCNNMoney.comThe 30-year fixed mortgage rate moves off the benchmark yield, and with the yield on the 10-year note surging, the market fears that mortgage rates could work higher. A rally in home mortgage rates would threaten a recovery in the housing market. …Rise in Rates Jolts Markets Wall Street JournalTreasurys Sink, 10Y Yld Hits Fresh High Amid Mtge Related Selling Wall Street JournalTreasurys remain under pressure CNNMoney.comall 449 news articles
Boston GlobeForeclosure Crisis Hits Mortgage Holders with Good CreditKCBS, CA… areas of the city have the most homes at risk,” she said. Volunteers went block by block knocking on doors where the mortgage rate was about to go up or a default notice about to go out, hoping to educate tenants about their rights in such scenarios.MBA: Florida among states leading foreclosure activity Bizjournals.comReport: Nevada's 31 percent home price drop tops nation Las Vegas Sunall 691 news articles
The Associated PressApril new home sales inch upwardThe Associated PressWASHINGTON (AP) — Sales of newly built homes were flat last month, but were 7 percent above the rock-bottom lows of January as the battered US real estate market appears to be starting a slow and gradual recovery. The Commerce Department said Thursday …
Mortgage rates rise, remain below 5 pctForbes, NYBy ALAN ZIBEL , 05.28.09, 02:00 PM EDT Rates on 30-year home loans rose this week and were poised to go higher as investors demanded higher rates for long-term government debt, which is closely tied to mortgage rates. Mortgage finance giant Freddie Mac …
ReutersJob losses muddy outlook for US housing comebackReutersBy Tom Brown MIAMI (Reuters) - A pickup in US home sales has kindled hopes for a housing recovery, but plunging prices, rising unemployment and a new wave of foreclosures are clouding prospects for a quick end to the American real estate debacle. …
ABC NewsBuilder Stocks Tumble On Negative Housing DataWall Street JournalAccording to Credit Suisse, the 30-year conforming mortgage rate spiked 37 basis points Wednesday to 5.34%, the highest level since February. While rates have fallen in recent months, any tick upward could further impact the builders. …MBA: Florida among states leading foreclosure activity Bizjournals.comall 616 news articles