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11/11/2008 News For:

Mortgage Rates Home

Nationwide says mortgage lending fell 72 percent in 1H as Britons shunned home-buying  LONDON - British lender Nationwide Building Society said Monday mortgage lending fell 72 percent in the first half of its financial year, as home buyers were deterred by a crashing property market and mortgage rates were boosted by the credit crunch.

Citigroup Plans to Ease Mortgage Terms for At-Risk Borrowers  Citigroup plans to announce today that it is launching a mortgage-modification program for 500,000 at-risk borrowers in regions facing rising unemployment rates and steep declines in home values.

Mortgage rates fall more than quarter-point  WASHINGTON ? Mortgage rates dropped last week, providing a dose of welcome news to prospective home buyers.

Mortgage rates fall farther to 6.2 percent  Mortgage rates dropped last week, providing a dose of welcome news to prospective home buyers. Freddie Mac reported Thursday that rates on 30-year fixed-rate mortgages averaged 6.20 percent for the week ended Nov. 6. That was down sharply from 6.46 percent...

N&P cuts mortgage rates for customers  City-based building society Norwich and Peterborough has offered a boost for some mortgage customers by announcing a cut in home-loan interest rates. 07/11/2008

Interest-free mortgage possible ? if rates continue sharp falls  Some homeowners could be enjoying an interest-free mortgage next year if rates continue to fall steeply, it was disclosed yesterday. Cheltenham & Gloucester, which is part of Lloyds TSB, offered a two-year tracker mortgage of 1.01% below the Bank of England base rate in July and August 2007.

Nationwide's mortgage lending fell 72 pct in 1H  British lender Nationwide Building Society said Monday mortgage lending fell 72 percent in the first half of its financial year, as home buyers were deterred by a crashing property market and mortgage rates were boosted by the credit crunch. Net residential...

Nationwide's mortgage lending fell 72 pct in 1H  British lender Nationwide Building Society said Monday mortgage lending fell 72 percent in the first half of its financial year, as home buyers were deterred by a crashing property market and mortgage rates were boosted by the credit crunch. Net residential mortgage lending fell to 1 billion pounds $1.6 billion in the six months through Sept. 30, down sharply from 3.6 billion pounds a year ...

Banks cave in on home loan rates: Millions WILL benefit as mortgage giants are forced to pass on historic interest ...   Banking giants were shamed into slashing their mortgage rates yesterday following a direct order from the Prime Minister.

Why banks are boosting credit card interest rates and fees  In recent years, banks have sharply raised interest rates and penalty fees on credit cards. As the economy tanks and banks' mortgage-related losses balloon, some banks are stepping up such increases to boost revenue. Bearing the brunt are consumers for whom a jump in rates and fees can make it tougher to pay their bills at a time when household budgets already are being stretched.