Mortgages Rates Lower This Week (Washington Post)

WASHINGTON -- Mortgage rates sank this week, with rates on 30-year mortgages dropping to a six-month low, a spot of welcome news to would-be home buyers.

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[Source: Yahoo! News Search Results for mortgages]

Are House Prices Falling?

Data on house prices are often unreliable. The government doesn’t actually have a national official house price statistics (it really ought to, given the extensive press and economic interest they generates)However, despite the fact that there are conflicting reports, there are an increasing number of reports which suggest house prices in the UK are now [...]

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[Source: Mortgage Blog]

Mortgage Interest Rates Explained

Mortgages are paid back over a period of 25-50 years. Monthly mortgage repayments depend upon the interest rate charged by the bank building society. Homeowners choose between variable interest rates and fixed interest rate mortgages.Variable mortgage interest rates.Most mortgages in the UK have a variable mortgage interest rate. This means that the interest rate [...]

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[Source: Mortgage Blog]

Bank Forecast Interest Rate Cuts

Despite inflation surging over the 2% target for the first time since June, the Bank of England indicated that 2008 is likely to see 3 cuts in interest rates. This will bring rates down to 5%.The rise in the CPI inflation rate from 1.8% to 2.1% is primarily due to rising food and fuel costs. [...]

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[Source: Mortgage Blog]

ASIC warns on reverse mortgages risks (AAP via Yahoo!7 News)

An investigation by Australian Securities and Investment Commission has found home-owners taking out "reverse mortgages" knew little about the product.

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[Source: Yahoo! News Search Results for mortgages]

Newcastle Building Society launches new mortgages range (Banking Business Review)

UK-based Newcastle Building Society has launched four fixed rate and one discount rate mortgages.

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[Source: Yahoo! News Search Results for mortgages]

Get out of debt Quick: 7 Tips

In order to get out of debt there are various steps that we need to look at. There is no magic cure or special product, it requires a careful look at our financial state and making practical changes to improve our situation. The important thing is to be willing to take bold and radical changes [...]

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[Source: Mortgage Blog]

UK House Prices to fall in 2008?

Interesting article in the New Statesman, written by housepricecrash.co.uk spokesman Jonathan Davis; - House prices set to TumbleBasically, the article argues that house prices are set to collapse. The arguments for this collapse in house prices are:House prices increased faster than incomes and inflation. They have increased by more than the long run trend [...]

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[Source: Mortgage Blog]

Advantages of Credit Cards

1. 6 week interest free Period before payingWhen you make a purchase on a credit card, it takes upto 6 weeks before you have to pay the credit card company. This is an easy way of gaining an interest free period. Useful, if you are expecting income soon.2. There is no need to pay [...]

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[Source: Mortgage Blog]

Foreign Mortgages for Oversees Property

In the past 10 years, UK house prices have increased by nearly 200%. Given the difficulties and costs of buying a house in the UK, many have looked oversees for the potential of getting on the property market.Popular destinations for buying an oversees property have included countries such as Bulgaria, Poland, Romania, Czech Republic and [...]

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[Source: Mortgage Blog]

Mortgages rates lower this week (Lexington Herald-Leader)

Mortgage rates sank this week, with rates on 30-year mortgages dropping to a six-month low, a spot of welcome news to would-be home buyers. Freddie Mac, the mortgage company, reported Wednesday, that 30-year, fixed-rate mortgages averaged 6.20 percent. That was down from 6.24 percent last week and was the lowest rate since the week ending May 10, when rates stood at 6.15 percent. Other mortgage ...

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[Source: Yahoo! News Search Results for mortgages]

A plunge in the 10-year Treasury yield will lower some mortgages but endanger portfolios (Canadian Business)

Leslie Wines, The Associated Press November 21, 2007 - 6:45 p.m. NEW YORK - A plunge in a closely watched Treasury bill yield Wednesday spells relief for some borrowers who want to buy homes and big-ticket items like cars, but is a threat to retirement portfolios and the broader economy.

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[Source: Yahoo! News Search Results for mortgages]

Mistakes of Using Credit Cards

These are some of the most common mistakes with using credit cards. These mistakes are easy to make and they can be very costly for your personal financial situation. If you are new to using credit cards make sure you avoid making them.1. Withdrawing Cash on a credit cardIf you withdraw cash on a credit [...]

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[Source: Mortgage Blog]

Sub Prime Mortgage News

Although the UK sub prime mortgage market is relatively smaller than the US. The UK sub prime sector is also less likely to have major defaults because generally UK lending stuck to stricter criteria than in America. However, the main concern at the moment is that the US Sub prime woes are increasingly affecting the [...]

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[Source: Mortgage Blog]

Treasury rally will lower mortgages, hurt some portfolios (USA Today)

NEW YORK (A) A plunge in a closely watched Treasury yield Wednesday spells relief for some borrowers who want to buy homes and big-ticket items like cars, but is a threat to retirement portfolios and the broader economy.

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[Source: Yahoo! News Search Results for mortgages]

Reducing mortgage interest payments

Mortgage interest payments are the biggest outgoing for most families. With a recent downturn in the economy, many households are struggling to meet their mortgage interest payments (especially those with a sub prime balloon mortgage)If you find yourself in this situation there are a few things you can do to reduce your mortgage interest payments.1. [...]

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[Source: Mortgage Blog]

Credit crunch begins to hit home as rising numbers turned down for cards and mortgages (Sunday Herald)

are beginning to feel the squeeze of the global credit crunch as banks get tougher on borrowers. The number of applicants turned down for a credit card has jumped by 17% to an estimated 3.3 million in the past six months, according to figures released last week by MoneyExpert.

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[Source: Yahoo! News Search Results for mortgages]

Second mortgages scarcer (Long Beach Press-Telegram)

WASHINGTON - The common practice of homebuyers with shaky credit taking out second mortgages for downpayments is ending because there's no investor demand for securities backed by such loans.

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[Source: Yahoo! News Search Results for mortgages]

Reverse mortgages may bear the brunt (Adelaide Now)

WHILE some retirees have welcomed the latest interest rate rise, there are concerns about the impact this week's increase will have on those with reverse mortgages.

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[Source: Yahoo! News Search Results for mortgages]

New-and-Improved VA Mortgages Look Better in a Difficult Market (Washington Post)

Veterans Day presents an opportunity to take a look at an important benefit available to military veterans and active-duty personnel, the zero-down payment VA mortgage.

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[Source: Yahoo! News Search Results for mortgages]

Second mortgages are vanishing (Long Island Business News)

The common practice of homebuyers with shaky credit taking out second mortgages is ending because there's no investor demand for securities backed by such loans.

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[Source: Yahoo! News Search Results for mortgages]

Few second mortgages going to subprime borrowers (Houston Chronicle)

The common practice of homebuyers with shaky credit taking out second mortgages for down payments is ending because there's no investor demand for securities backed by such loans.

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[Source: Yahoo! News Search Results for mortgages]

UK House Price Growth Coming to an End

On my economics blog, I recently posted an article about whether the UK could experience a house price crashOn balance, I feel that a house price crash is unlikely.The economy is relatively strongHouse price growth has mainly been based on supply and demand dynamicsInterest rates are unlikely to rise any further (for the medium term)The [...]

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[Source: Mortgage Blog]

Czech CSOB nine-month net climbs 10 pct on mortgages (Sharewatch)

PRAGUE (Thomson Financial) - Profit at CSOB, the Czech Republic's largest bank by total assets, rose 10 pct in the first nine months of 2007 on the back of mortgages and building loans.

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[Source: Yahoo! News Search Results for mortgages]

Second mortgages drying up (Sun-Sentinel)

The common practice of home buyers with shaky credit taking out second mortgages for down payments is ending because there's no investor demand for securities backed by such loans.

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[Source: Yahoo! News Search Results for mortgages]

Drawbacks of Mortgages

A mortgage is one of the few ways for people to be able to buy a house. Without the potential of mortgages, most people would never be able to get on the property ladder. However, if you are considering getting a mortgage, these are some of the drawbacks and potential disadvantages of a mortgage.Monthly [...]

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[Source: Mortgage Blog]

WEEKEND EDITION: Scarcity, Cost Of Jumbo Mortgages Portend Big Home-price Drops (Nasdaq)

WASHINGTON (Dow Jones) -- Home buyers with the very best credit are still having a difficult time getting mortgages in California, raising concerns that the real estate market in the nation's most populous state could fall much further, sending home values spiraling lower and toppling the state's economy into recession.

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[Source: Yahoo! News Search Results for mortgages]

$11 billion might not be end of write-down at Citigroup (USA Today)

Citigroup's problems deepened Monday when it couldn't promise that a potential $11 billion write-down for subprime mortgages won't grow, and its nearly pristine credit rating was downgraded.

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[Source: Yahoo! News Search Results for mortgages]

Latin America May Face Impact From U.S. Mortgages, Ortiz Says (Bloomberg.com)

Nov. 5 (Bloomberg) -- Mexico central bank Governor Guillermo Ortiz said Latin America may experience a ``significant'' effect from U.S. credit market losses caused by subprime mortgages.

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[Source: Yahoo! News Search Results for mortgages]

Citigroup shares drop on mounting woes (Reuters via Yahoo! News)

Citigroup Inc's problems deepened on Monday as it was unable to assure investors that a potential $11 billion write-down for subprime mortgages won't grow, and its nearly pristine credit ratings were downgraded.

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[Source: Yahoo! News Search Results for mortgages]

Poll Shows America Does Not Support Federal Intervention in Sub-Prime Mortgages: FreedomWorks poll shows 62 percent ... (PRWeb)

National headlines are dominated with stories about the housing market slowdown and growing defaults on subprime mortgages, which were often extended to people with bad credit. Believing that market problems need government solutions, Congress is debating federal intervention into the mortgage market. (PRWeb Nov 5, 2007) Post Comment:Trackback URL: ...

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[Source: Yahoo! News Search Results for mortgages]

Adding debt to Mortgage

Adding debt to your existing mortgage can be a convenient way to consolidate your debts into one place and save on interest payments.If you have credit card debts, incurring an interest rate of 15% or more, this strategy may be particularly effective.Can I add debt to my Mortgage?Many people who have witnessed a growth in [...]

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[Source: Mortgage Blog]

New Mortgage Blog Logo

We have a new Logo for Mortgage Blog.The logo was designed by UK Web SpaceSimple but effective. I like it

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[Source: Mortgage Blog]

What?s Behind the Race Gap? (New York Times)

There is probably no single explanation for the concentration of high-cost subprime mortgages in minority neighborhoods, though the history of banks? avoiding these places is a good place to start.

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[Source: Yahoo! News Search Results for mortgages]

Scarcity, cost of jumbo mortgages portend big home-price drops (Market Watch)

WASHINGTON (MarketWatch) -- Home buyers with the very best credit are still having a difficult time getting mortgages in California, raising concerns that the real estate market in the nation's most populous state could fall much further, sending home values spiraling lower and toppling the state's economy into recession.

Read More...

[Source: Yahoo! News Search Results for mortgages]

Scarcity, cost of jumbo mortgages portend big home-price drops (MENAFN)

Scarcity, cost of jumbo mortgages portend big home-price drops

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[Source: Yahoo! News Search Results for mortgages]

UPDATE: Analyst Says WaMu Faces Taking Back Securitized Mortgages (Nasdaq)

SAN FRANCISCO (Dow Jones) -- Washington Mutual may have to set aside some $412 million to $2.1 billion in extra reserves if a lawsuit filed by New York state's attorney general against the mortgage lender succeeds, a Keefe Bruyette & Woods analyst estimated on Friday.

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[Source: Yahoo! News Search Results for mortgages]

Truth Squad: Reverse Mortgages (KBCI Boise)

Local banks and mortgage companies are pushing a unique mortgage loan that sounds more like you just won the lottery. Instead of making monthly payments, you get monthly payments, and you don't have to pay it back. They're called reverse mortgages, but you need to proceed with caution.

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[Source: Yahoo! News Search Results for mortgages]

GMAC suffers $1.6 bln loss on mortgages (Reuters via Yahoo! News)

GMAC, the finance company once controlled by General Motors Corp , reported a $1.6 billion third-quarter loss on Thursday, as housing and capital market disruptions caused losses to hemorrhage at its home lending unit.

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[Source: Yahoo! News Search Results for mortgages]

Richer homeowners find reverse mortgages useful (The Nashua Telegraph)

R ... - By TIM GRANT Pittsburgh Post-Gazette

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[Source: Yahoo! News Search Results for mortgages]

GMAC has $1.6 bln loss on mortgages (Reuters via Yahoo! News)

Finance company GMAC posted a $1.6 billion third-quarter loss on Thursday as housing and capital market disruptions led to hemorrhaging losses from home lending, triggering credit rating downgrades.

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[Source: Yahoo! News Search Results for mortgages]

Rates on 30-year mortgages fall (Pioneer Press)

WASHINGTON - Rates on 30-year mortgages fell to the lowest level in five months as evidence mounted that the economy is slowing down.

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[Source: Yahoo! News Search Results for mortgages]

Reverse mortgages for seniors (KETK 56 Tyler)

EAST TEXAS-- Seniors who need some extra cash for retirement may be living right there in the answer. Experts say there has been a lot of confusion on whether reverse mortgages are a scam and who they benefit.

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[Source: Yahoo! News Search Results for mortgages]

Big banks get tiny showing in 250 best mortgages (The Scotsman)

HOMEOWNERS are being short-changed by mortgages from Britain's biggest banks and should stick to traditional building societies, a consumer investigation has found.

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[Source: Yahoo! News Search Results for mortgages]

Mortgages plc set to makes redundancies (Money Marketing Online)

Mortgages plc has started a consultation process to make a number of roles redundant. The firm expects 20 per cent of staff to be affected in Glasgow, London and regionally.

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[Source: Yahoo! News Search Results for mortgages]

Defaults on Insured Home Mortgages Rise 22 Percent (Update2) (Bloomberg.com)

Oct. 31 (Bloomberg) -- U.S. homeowners defaulted last month on 22 percent more privately insured mortgages than a year earlier after house prices fell the most in at least six years, an industry report today showed.

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[Source: Yahoo! News Search Results for mortgages]

IAC/InterActive Net Falls 4.2% as Mortgages Decline (Update1) (Bloomberg.com)

Oct. 31 (Bloomberg) -- IAC/InterActiveCorp, the Internet and media company assembled by Barry Diller, said third-quarter net income fell 4.2 percent as mortgage sales declined at LendingTree.com.

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[Source: Yahoo! News Search Results for mortgages]

Defaults on Insured Home Mortgages Rise 22 Percent (Update1) (Bloomberg.com)

Oct. 31 (Bloomberg) -- U.S. homeowners defaulted last month on 22 percent more privately insured mortgages than a year earlier, an industry report today showed.

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[Source: Yahoo! News Search Results for mortgages]