Mortgage Rate In California

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10/12/2008 News For:

Mortgage Rate In 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.

PSE among least affected stock markets in Asia  The local stock market is among the top three exchanges in Asia that have been least affected by the ongoing global financial turmoil unleashed by a meltdown in the US mortgage market, according to a study conducted by the Philippine Stock Exchange.

Saudi shares rise after rate cut  A Saudi trader takes orders in the dealing room of the Saudi Investment Bank in Riyadh. The Saudi stock market rose for the first time in two weeks, after authorities cut the repo rate by a half percentage point to five percent.

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...

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 ...

Blunt Skeptical Of McCain Mortgage Plan  House Minority Whip Roy Blunt R-MO -- who cited John McCain as a critical player in the passage of the bailout package, is raising some questions about McCain's proposal to buy $300 billion of bad mortgages.

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.

TD cuts prime rate by 15 bps on mortgage plan  Toronto-Dominion Bank said on Friday it will lower its prime lending rate to 4.35 percent, the second cut to prime it has made this week, citing the benefits of a federal government plan to buy additional residential mortgages from financial institutions.