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11/18/2008 News For:

Mortgagee Rates

Rental listings and mortgagee sales on the rise  Signs of stress in the property rental and property sales markets continued to flow through in the first two weeks of November as an exodus of students after university exams increased rental listings and mortgagee listings jumped to a fresh record above 500.

Asian Money Rates May Rise as Slowdown Concern Chokes Lending  Nov. 18 -- Money rates may advance in Asia as a European Central Bank council member said credit-market tensions persist and India's ICICI Bank Ltd. slashed loan plans, adding to concerns a deepening world economic slowdown is drying up credit.

AIG, GMAC Help Drive Up Bank Rates Amid ?Insanity? for Deposits  Nov. 17 -- American International Group Inc. and GMAC LLC are among money-losing companies whose banking units are paying higher rates than larger rivals to lure depositors, pressuring bank profits needed to offset rising loan losses.

Seattle Likely Raising Parking Rates  SEATTLE -- The Seattle City Council approved Monday a plan to raise parking rates throughout Seattle, reported KIRO 7 Eyewitness News. Currently, most street parking is $1.50 an hour.

US bank lending rates up for 3rd day running  Dollar lending rates between banks rose for the third day running Monday after last week's turnabout by U.S. Treasury Secretary Hank Paulson on the $700 billion U.S. financial rescue program fostered renewed uncertainty in credit markets. The rate on three-month loans in dollars - known as the London Interbank Offered Rate, or Libor - rose slightly to 2.239 percent from 2.236 percent Friday. ...

SBA allowing lenders to charge higher rates on 7(a) loans  The Small Business Administration hopes to encourage lenders to resume making 7a business loans by letting them charge higher interest rates.

Changes to push interest rates higher may make SBA lending profitable  The Small Business Administration hopes to encourage lenders to resume making 7a business loans by letting them charge higher interest rates to borrowers.

Mortgage rates "not helping first-time buyers"  First-time buyers are not receiving the full benefit from house price falls because of hikes in mortgage rates for people with small deposits, figures showed today.

Meltdown likely to lead to fewer banks, higher rates  As a result of the economic collapse nationally, expect to see fewer banks in St. Louis, fewer loans made, higher loan rates charged and less homeownership.

Mortgage rates drop for second week  WASHINGTON ? Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets.