Mortgage and Financial News From 2007-9-25 Page 9

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  • U.S. Economy: Consumer Confidence Slumps, Home Sales Decline

    Bloomberg - Sept. 25 (Bloomberg) -- Consumer confidence slumped to the lowest level in almost ... and bolstering the case for the Federal Reserve to keep cutting interest rates ... As lenders make it tougher to get loans following a surge in subprime mortgage ...
    2007-09-25 11:50:00

  • Home owner shift

    Financial Times - ... prices have defied gravity as owners who were unwilling to sell at reduced rates ... homes hit its highest level in 18 years in August and demand dropped to its lowest ... cancellation rate came in at a whopping 32 per cent thanks to the difficult mortgage ...
    2007-09-25 04:01:00

  • Stocks trade flat after early losses

    Denver Post - ... indications about the health of the consumer and the housing market could bolster the case for lower interest rates. The ... In the reports, the Conference Board said its Consumer Confidence Index for September fell to its lowest level in almost two ...
    2007-09-25 11:22:00

  • U.S. existing-home sales drop for sixth month in a row

    Seattle Times - ... in credit markets, fell for a sixth straight month in August, pushing activity to the lowest ... The unusual disruptions in the mortgage market, including a significant rise in jumbo loan rates, resulted in a fairly high number of postponed or ...
    2007-09-25 03:18:00

  • Home sales thud to 5-year low point

    CNN Money - ... as the number of existing homes sold dropped for the sixth straight month to their lowest level ... The unusual disruptions in the mortgage market, including a significant rise in jumbo loan rates, resulted in a fairly high number of postponed or ...
    2007-09-25 02:49:00

  • Dollar hit as homes data show oversupply

    MSN MoneyCentral - The dollar fell to its lowest level in 15 years on Tuesday after data showed US ... investors more confident that the Federal Reserve – which cut interest rates by ... of 5.5m as market turmoil increased the cost and limited the availability of mortgage ...
    2007-09-25 03:11:00

  • Consumer Loses Cool

    Forbes - As a result consumer confidence fell to its lowest level in almost two years in September. The ... The unusual disruptions in the mortgage market, including a significant rise in jumbo loan rates, resulted in a fairly high number of postponed or ...
    2007-09-25 04:08:00

  • Home sales thud to 5-year low point (CNN Money)

    Housing markets continued to slump across the nation in August as the number of existing homes sold dropped for the sixth straight month to their lowest level in five years, according to the latest report from the National Association of Realtors.
    2007-09-25 07:40:12

  • Existing home sales down (AP via Yahoo! News)

    Sales of existing homes, depressed by turmoil in credit markets, fell for a sixth straight month in August, pushing activity to the lowest point in five years.
    2007-09-25 11:38:14

  • Dollar hit as homes data show oversupply (FT.com via Yahoo! News)

    The dollar fell to its lowest level in 15 years on Tuesday after data showed US consumer confidence fell and the overhang of unsold homes grew.
    2007-09-25 02:36:29

  • US housing crisis deepens (Daily Telegraph)

    The pace of American home sales slowed to its lowest rate in five years as the country's economy continues to be gripped by the problems of the sub-prime mortgage crisis.
    2007-09-25 10:15:47

  • Housing woes pinch wallet (The Providence Journal)

    Consumer confidence hits its lowest point since November 2005, leading some economists to predict a further lowering of interest rates.
    2007-09-25 04:35:37

  • U.S. Economy: Consumer Confidence Slumps, Home Sales Decline (Bloomberg.com)

    Sept. 25 (Bloomberg) -- Consumer confidence slumped to the lowest level in almost two years and home sales weakened, threatening U.S. household spending and bolstering the case for the Federal Reserve to keep cutting interest rates.
    2007-09-25 08:49:26

  • Census Bureau Tip Sheet: Home Equity Lines of Credit - Who Uses This ...

    Forbes - ... Uses This Source of Credit? -- This report profiles single-family homeowners who used home equity lines of credit in 2001 and compares them to their counterparts from 10 years earlier, including age, home value, mortgage, age of home, number of loans ...
    2007-09-25 01:59:00

  • First Northern Bank Offers Country Home Mortgages - One of Few Banks ...

    Forbes - Our new Country Home Mortgage program is designed for loans that can't go through normal home-mortgage channels because the property has too much agricultural use or has acreage involved," says Curt Houston, Senior Vice President and Real Estate ...
    2007-09-25 01:52:00

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