Mortgage and Financial News From 2008-2-22 Page 10

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  • Top tips: Avoid rollover and refinancing penalties (CNNMoney.com via Yahoo! Finance)

    Question 1:
    2008-02-22 08:58:00

  • Avoid rollover and refinancing penalties (CNN Money)

    Do we have to claim our government rebate checks as income on our 2008 tax return? - Dusti, Idaho
    2008-02-22 10:24:28

  • News Digest: (Argus Observer)

    OREGON — Subprime mortgage reform bill makes it through Oregon House
    2008-02-22 01:07:54

  • Avoid rollover and refinancing penalties

    CNN Money - And, just keep in mind, just because the Fed cuts rates, it doesn't mean the interest rate on a 30-year mortgage will go down. That's because mortgages are tied to what the market does, not what the Fed does.
    2008-02-22 10:01:00

  • Sales and median down, but not necessarily a crash

    New Zealand Herald - Mortgage rates were high, with floating rates heading higher. Property commentator and publisher of suburbwatch.co.nz, Kieran Trass, is blunter.
    2008-02-22 10:44:00

  • UA real estate center says housing market affordability improved in ...

    Birmingham News - Both median prices and mortgage rates decreased in the fourth quarter, boosting affordability, the center said. A report from the center shows details for specific areas of the state.
    2008-02-22 07:10:00

  • Lenders fighting mortgage rewrite

    MSNBC - The Democrats and their allies see the plan as an antidote to the recent mortgage crisis, especially among low-income ... The reason, banks say, is that they would pass along the added risk to borrowers in the form of higher interest rates ...
    2008-02-22 05:36:00

  • Rates back above 6 percent

    Boston Globe - The window to refinance may be closing. Average interest rates on new 30-year loans climbed to 6.09 percent from 5.71 percent last week, the Mortgage Bankers Association reported this morning . It's a big jump that may seem bigger to some borrowers ...
    2008-02-20 07:33:00

  • Obama-Clinton Debate Starts Warm, Heats Up

    Washington Post - ... moratorium on mortgage foreclosures and a five-year interest rate freeze on existing, adjustable-rate mortgages, despite withering criticism from economists -- and from Obama -- that the plan would wreck the housing market and send new mortgage rates ...
    2008-02-22 09:11:00

  • Southland rents rise despite falling home prices

    Los Angeles Times - If rents get high enough and house prices get low enough and mortgage rates become attractive enough, households will flow in the opposite direction -- out of rental status and into homeownership status," he said.
    2008-02-22 07:10:00

  • Abbey tweaks mortgage rates

    MyFinances.co.uk - Abbey is offering new deals for remortgagers but tracker rates are being hiked in the latest raft of changes to its mortgage range. The bank's core two-year fixed rate deal, available through intermediaries, is undergoing a rate cut of 0.2 per cent ...
    2008-02-20 03:54:00

  • Northern and Birmingham close 125% mortgages

    Times Online - Homeowners who switch the "mortgage" portion of their loan to rival lenders will have to pay punitive rates on the remaining unsecured loan. Northern Rock will charge nearly 15 per cent interest, while Coventry and Alliance & Leicester will charge ...
    2008-02-22 08:14:00

  • Clinton’s lead fades in blue-collar Ohio

    Financial Times - But Mrs Clinton’s detailed plans to stem home foreclosures, which include a 90-day stay on bank repossessions and a five-year freeze on subprime mortgage rates, are not at the forefront of people’s minds.
    2008-02-22 10:37:00

  • ALL BUSINESS: Fed rate cut futility

    Forbes - If only that were so. Instead, jumbo mortgage rates are higher now than they were when the Fed began taking monetary action in September and have even shot up since the central bank's aggressive rate cuts late last month. That makes it harder for ...
    2008-02-22 09:18:00

  • PIMCO's Gross: Fed easing no help to mortgage market

    Reuters - NEW YORK (Reuters) - The Federal Reserve's aggressive interest-rate cuts have not helped the battered mortgage-market with rates still at elevated levels, said Bill Gross, chief investment officer at PIMCO, the world's largest bond fund. The Fed's ...
    2008-02-22 07:10:00

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