Mortgage and Financial News From 2008-5-15 Page 3
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Japanese Stocks Advance After Mizuho Forecasts Higher Earnings (Bloomberg.com)
May 16 (Bloomberg) -- Japan's stocks advanced after Mizuho Financial Group Inc. said profit will almost double this year, easing concern falling security values will force banks to write down their investments.
2008-05-15 05:51:29 -
Housing rescue deal stalls in Senate (The Arizona Republic)
The delay on a homeowner rescue package until next week clouded the prospects of an emerging compromise
2008-05-15 06:55:17 -
Japan Stocks Rise, Head for Weekly Gain, Led by Banks, Shippers (Bloomberg.com)
May 16 (Bloomberg) -- Japan's stocks advanced, set for the best week in almost six months. Financial stocks rose after Mizuho Financial Group Inc. said profit will almost double.
2008-05-15 08:37:25 -
National business briefs: Mortgage rates fall (The Kansas City Star)
Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.01 percent for the week ending May 15, down from last week's 6.05 percent and the lowest since mid-April, when rates averaged 5.88 percent.
2008-05-15 08:39:43 -
Freddie Mac: US mortgage giant doing better than expected - Banking Business Review
Freddie Mac's losses in Q1 2008 were significantly lower than its Q4 2007 loss of $2.5 billion, and it is taking steps to ensure the health of its business by reserving $1.2 billion for losses as a result of rising mortgage delinquency rates, and ...
2008-05-15 05:23:00 -
Mortgage rates drop to one-month low - Inside Bay Area
WASHINGTON — Rates on 30-year mortgages edged down this week to their lowest point in a month, a spot of welcome news to would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.01 ...
2008-05-15 02:24:00 -
Orange County Home Prices Continue To Drop While Mortgage Interest ... - Best Syndication
(Best Syndication News) Cypress CA – No area around the country is immune to falling home prices, including Orange County California. From Cypress to Lake Forest and from Brea to Huntington Beach prices have been falling. The credit crunch has ...
2008-05-15 05:23:00 -
Marshall Loeb's Daily Money Tip: Keeping your retirement on track in a recession (Market Watch)
If you’re like most people, chances are you are feeling the effects of the slowing economy. While you may be tempted to short-change your retirement to meet present needs, that could be a disastrous move in the long run.
2008-05-15 04:53:29 -
Home Sales, Prices to Pick Up In Second Half of 2008, Says NAR Chief Economist (PR Newswire via Yahoo! News)
Home sales and prices throughout most of the country are poised for improvement in the second half of 2008, and the recovery will vary by market, Lawrence Yun, chief economist for the National Association of Realtors(R) said today during NARs Midyear Legislative Meetings & Trade Expo. More than 9,000 Realtors(R) and guests are attending the conference that runs here through Saturday.
2008-05-15 05:25:00 -
Cost of fixed-rate mortgages soars (ic Ealing.co.uk)
Homeowners refinancing their mortgage face the highest fixed-rates deals since the start of the decade, it was reported.
2008-05-15 05:59:01 -
Buyer's Market? (WYTV Youngstown)
In the first three months of 2008, home sales in the state of Ohio dropped fifteen percent from the same time last year. But don't let that statistic fool you. According to officials with the Ohio Association of Realtors, this is truly a buyers market, especially right here in the Valley.
2008-05-15 06:02:23 -
When the economy gets tough, the tough get buying (USA Today)
The stock market may be deeply analytical in nature, but it's also highly emotional. The past few months, its mood swings have been unusually pronounced. As you might expect, bad news has depressed investors. That may be a good thing. Investor sentiment is a contrary indicator: Typically, the best time to buy is when the public is thoroughly disgusted with the stock market.
2008-05-15 06:18:16 -
Banks rein in home equity (The Record)
Large lenders such as Bank of America, Countrywide Financial and J.P. Morgan Chase & Co. have withdrawn home-equity lines of credit they previously extended because of falling real estate prices.
2008-05-15 06:36:42 -
The incredible shrinking nest egg (USA Today)
Like millions of other people, Patty Stewart is counting on her 401(k) and her home equity to pay for retirement. But since the start of the year, the value of her 401(k) has fallen about 4%, and rising consumer prices have forced her to reduce her contributions to it. Meantime, home prices in her neighborhood are off about 25% over the past two years, making it less likely she can rely on her ...
2008-05-15 07:08:07 -
Fed Should Avert Price `Bubbles' With Regulation, Mishkin Says - Bloomberg
May 15 (Bloomberg) -- Central bankers should strengthen regulation to avert a credit-fueled increase in asset prices and forgo raising interest rates in an effort to reverse a future price surge, Federal Reserve Governor Frederic Mishkin said. ``It ...
2008-05-15 04:54:00