Mortgage and Financial News From 2008-1-31 Page 2

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• All not welcome this time - Chicago Daily Herald

  All not welcome this timeChicago Daily Herald, IL - 48 minutes agoFor the first time since 2005, mortgage rates have slipped well below 6 percent, ending last week at about 5.87 percent, according to mortgage tracker HSH ...
  2008-01-31 10:58:42

• Contribute to my RRSP or pay down the mortgage? - Morningstar.ca

  Contribute to my RRSP or pay down the mortgage?Morningstar.ca, Canada - 45 minutes agoThe DEX Mortgage Index (an indicator of mortgage rates), averaged 7.2% during that period, while the DEX Universe Bond Index returned just slightly more, ...
  2008-01-31 11:01:36

• Experts say economic rebound may take time - Elmira Star-Gazette

  Experts say economic rebound may take timeElmira Star-Gazette, NY - 45 minutes ago"The national housing market is in a slump, the sub-prime mortgage issues are still affecting the credit industry and overall economic conditions aren't ...
  2008-01-31 11:02:10

• Business Glance - Salt Lake Tribune

  Business GlanceSalt Lake Tribune, United States - 44 minutes agoHome Depot Inc. helped lead the Dow Jones Industrial Average to a 208 point gain after Deutsche Bank AG said shoppers will spend more as interest rates fall ...
  2008-01-31 11:03:18

• Market ripe for buying, refinancing - Salt Lake Tribune

  Market ripe for buying, refinancingSalt Lake Tribune, United States - 44 minutes agoBy Lesley Mitchell When Steve VanHorn and his girlfriend, Tazia Asplund, first got preapproved for a home loan in December, 30-year mortgage rates were ...
  2008-01-31 11:03:18

• Katherine Heerbrandt Cornering deadbeats - Frederick News Post (subscription)

  Katherine Heerbrandt Cornering deadbeatsFrederick News Post (subscription), MD - 40 minutes agoFor custodial parents like Kristen Haga, featured in Bernhardt's story, this means being late on the rent, mortgage and utilities, or short on food. ...
  2008-01-31 11:06:53

• Bush disaster declaration will mean quick relief for area flood ... - Journal and Courier

  Bush disaster declaration will mean quick relief for area flood ...Journal and Courier, IN - 39 minutes agoHomeowners with mortgages who achieve a loan "will be allowed to roll their current mortgage into the loan," Copher said. That could save them significant ...
  2008-01-31 11:08:16

• Indexes poised to bounce off bottom - Financial Post

  Indexes poised to bounce off bottomFinancial Post, Canada - 5 minutes agoThe entire yield curve has come down, which augurs well for mortgage borrowers and the like, he says. "A lower bond yield is also good for stocks. ...
  2008-01-31 11:42:25

• Orleans Homebuilders Reports Results for Second Quarter 2008 (PR Newswire via Yahoo! Finance)

  Orleans Homebuilders, Inc. is a residential homebuilder with operations in Southeastern Pennsylvania; Central and Southern New Jersey; Orange County, New York; Charlotte, Raleigh and Greensboro, North Carolina; Richmond and Tidewater, Virginia; Chicago, Illinois; and Orlando, Florida.
  2008-01-31 10:00:00

• Poor Housing Market Hurts Governments' Bottom Line (The Memphis Daily News)

  The topsy-turvy housing market and related mortgage mess are hitting state and local governments where it hurts: right on the bottom line.
  2008-01-31 10:13:31

• Reserve Bank leaves rates unchanged (Mail and Guardian)

  South Africans received a slight inflation breather when the repo rate, at which the South African Reserve Bank (SARB) lends money to banks, was left unchanged at 11% on Thursday.
  2008-01-31 10:45:26

• Bush disaster declaration will mean quick relief for area flood victims (Journal and Courier)

  BUFFALO -- Earl and Jo Ellen Hissett of Buffalo had standing water inside their home 5 to 6 inches deep during the January floods.
  2008-01-31 11:07:50

• Market ripe for buying, refinancing (The Salt Lake Tribune)

  When Steve VanHorn and his girlfriend, Tazia Asplund, first got preapproved for a home loan in December, 30-year mortgage rates were around 6 percent.     Today, the couple, still hunting for the perfect house, is looking at rates closer to 5 percent.
  2008-01-31 11:08:52

• Mortgage brokers switch to survival mode (Provo Daily Herald)

  Mortgage brokers who have not fled the industry or been forced out are in survival mode.
  2008-01-31 11:31:18

• Eurozone Inflation Rising at Record Pace (NYTimes.com via Yahoo! Finance)

  The increase highlighted the difficult task facing the European Central Bank as it seeks to enforce price stability in the face of slowing economic growth.
  2008-01-31 11:41:00

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