Mortgage Rate For California

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10/12/2008 News For:

Mortgage Rate For California

Banks move to trim prime rate further after Ottawa offers mortgage relief  TORONTO - Canada's big banks are passing on more rate cuts to consumers after credit markets freed up Friday in the wake of federal government help for the mortgage industry.

30-year mortgage rates dip below 6 percent  Rates on 30-year mortgages fell below 6 percent last week, recording the first decline in three weeks. Freddie Mac, the mortgage company, reported that 30-year fixed-rate mortgages averaged 5.94 percent last week, down from 6.10 percent the previous week. It...

Norway Offers $55.4 Billion Liquidity Boost to Commercial Banks  Oct. 13 -- Norway offered to swap as much as $55.4 billion in government bonds for commercial banks' mortgage debt, tracking government efforts worldwide to boost liquidity.

Foreclosure rate in area is lower than national average  Foreclosure rates in the Brownsville-Harlingen area increased in August over the same period last year, according to First American CoreLogic, a California-based mortgage tracking company.

Mortgage rates tipped to stay high  The Reserve Bank of New Zealand is tipped to cut the official cash rate this month, but mortgage holders and first home buyers are warned not to expect lower interest rates yet.

Americans Like McCain Mortgage Solution  Angus Reid Global Monitor - Many adults in the United States support an idea proposed by Republican presidential nominee John McCain to deal with the mortgage crisis, according to a poll by Rasmussen Reports. 52 per cent of respondents favour a plan where the government would buy unaffordable mortgages directly from mortgage servicers and renegotiate manageable fixed-rate mortgages with the ...

Think before acting on Westpac rate cuts: Choice  Consumer group Choice has welcomed a cut to fixed rate home loans by the Westpac Bank, but says customers need to weigh up their options before making changes.

Banks trim prime rate as Ottawa offers mortgage relief  Canada's big banks are lowering their prime lending rates in response to an announcement Friday that the federal government will buy $25 billion worth of mortgage debt to help free up credit markets.

Saudi shares rise after rate cut   The Saudi stock market rose on Sunday for the first time in two weeks, closing up slightly after authorities cut the repurchase repo rate by a half percentage point to five percent.

California takes steps to probe nurses' criminal backgrounds  Regulatory board will immediately begin asking nurses about any convictions when they seek license renewals. The agency will also work to expand fingerprinting. California regulators have announced emergency measures to investigate the criminal backgrounds of all registered nurses in the state, days after The Times reported that dozens of nurses had kept their licenses for years despite ...