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News For: Average Annuity RatesU.S. mortgage rates increased in week Interest rates for 30-year, fixed-rate U.S. mortgages increased in the week ending Sept. 25, the Federal Home Loan Mortgage Corp. said Thursday.The 30-year, fixed-rate mortgage averaged 6.09 percent with an average 0.7 points in the week, Freddie Mac said.A week ago, 30-year, fixed-rate mortgages averaged 5.78 percent with an average 0.6 points. A year ago, the average rate was 6.42 ... Asian Bank Lending Rates Increase as WaMu Collapses (Update1) Sept. 26 -- Borrowing costs among banks in Singapore and Australia rose as regulators seized Washington Mutual Inc. and talks faltered on a government rescue plan for U.S. lenders. Mortgage rates rise in wild week The wild week in Washington and on Wall Street was wicked on mortgage rates, too. They went up. The benchmark 30-year fixed-rate mortgage rose 16 basis points, to 6.32 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. Lenders hike mortgage rates Three major mortgage lenders have hiked their rates, signalling an end to the recent trend of falls in the cost of home loans. HSBC, Barclays' lending arm the Woolwich and internet and telephone bank first direct all said they were passing on recent increases in the cost of borrowing to customers. Major lenders hike mortgage rates Three major mortgage lenders have hiked their rates, signalling an end to the recent trend of falls in the cost of home loans. HSBC, Barclays's lending arm the Woolwich and internet and telephone bank First Direct all said they are passing on recent increases in the cost of borrowing to customers. China to cut rates further, Korea may follow-Barclays SINGAPORE, Sept 26 Reuters - China's central bank is likely to cut interest rates further to spur economic growth while South Korea and other Asian countries could also join in easing policy, Barclays Capital said on Friday. Asian Bank Lending Rates Rise as Washington Mutual Collapses Sept. 26 -- Borrowing costs among banks in Singapore and Australia rose after regulators seized Washington Mutual Inc. and talks faltered on a government rescue plan for U.S. lenders. Big banks raise some residential mortgage rates by more than a third of a point TORONTO - Mortgage rates in Canada are heading higher as fears of inflation resonate through the bond market while U.S. legislators move towards agreement on a US$700 billion bailout plan for Wall Street banks. ***SNAPSHOT- ASIA KEY OFFICIAL INTEREST RATES*** Taiwan's central bank cut interest rates, surprising markets with its first cut in five years, as it shifted its policy to boosting growth from fighting inflation in the face of the global financial crisis. UPDATE: Rates Rise, Mortgage Applications Fall: MBA CHICAGO Dow Jones -- Applications filed for mortgages last week decreased a seasonally adjusted 10.6% compared to a week earlier, while interest rates charged on fixed- and adjustable-rate mortgages rose, the Mortgage Bankers Association said on Wednesday. |


