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2/6/2009 News For:

New Hampshire Mortgage

Mortgage rates rise, defying Fed's efforts to slash them  The Federal Reserve is trying to push mortgage rates down. But the marketplace has other ideas.

Democrats defeat GOP plan on mortgage rates   A plan by Republicans in the Senate aimed at pushing mortgage rates lower has gone down to defeat at the hands of Democrats.

U.S. mortgage rates at highest level since December  NEW YORK Reuters - U.S. mortgage rates jumped to their highest levels since December in the latest week, complicating government efforts to bring mortgage rates down to levels that will spur demand and help the hard-hit housing market begin to recover.

Mortgage rates rise despite the Fed's efforts to push them down  Even as the Fed has continued to buy billions of dollars' worth of mortgage-backed bonds each week, home loan rates are at their highest level since mid-December. The Federal Reserve is trying to push mortgage rates down. But the marketplace has other ideas.

Mortgage rates hit six week high  Mortgage rates rose over the past week, pushing the cost of borrowing to its highest level since Christmas. And volatility is expected to continue as the debate over the economic stimulus plan continues.

Citigroup Sells Mortgage Rights to Wilbur Ross Unit (Update2)  Feb. 5 -- Citigroup Inc., paring assets after accepting a $346 billion U.S. government bailout package, agreed to sell servicing rights on 185,000 loans to Wilbur Ross ?s American Home Mortgage Servicing Inc. for $1.5 billion.

Mortgage Rates Rise to Pre-Christmas Levels  Mortgage rates rose slightly but remain at historically low levels

Fixed Mortgage Rate Rises to 5.25%, Freddie Mac Says (Update2)  Feb. 5 -- The average U.S. rate on a 30-year fixed mortgage rose this week, thwarting Federal Reserve efforts to cut borrowing costs, on investor concern the government will increase spending.

Citigroup Sells Mortgage Rights to Wilbur Ross Unit (Correct)  Corrects value of loans in the second paragraph. Feb. 5 -- Citigroup Inc., paring assets after accepting a $346 billion U.S. government bailout package, agreed to sell servicing rights on 185,000 loans to Wilbur Ross ?s American Home Mortgage Servicing Inc. for $1.5 billion.

Senate Defeats GOP Discount Mortgage Loan Proposal  WASHINGTON -Dow Jones- Democratic Senators voted down a Republican proposal that would have created a federally-subsidized discount mortgage rate in a bid to kick-start the flagging U.S. housing market.