Mortgage and Financial News From 2008-1-10

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  • Gov. Ritter's State of the State address - Rocky Mountain News

    Gov. Ritter's State of the State addressRocky Mountain News, CO - 1 hour agoWe took critical steps to protect Coloradans against mortgage fraud and foreclosure - progress that is now considered a national model for other states to ...
    2008-01-10 10:14:09

  • Update on the latest in business:%) | KXNet.com North Dakota News - KXMC

    Update on the latest in business:%) | KXNet.com North Dakota NewsKXMC, ND - 1 hour agoThe four-week average for jobless claims dipped slightly to 341000, the lowest in a month. LONDON (AP) Both the European Central Bank and the Bank of ...
    2008-01-10 10:27:46

  • Text of Bernanke's Speech - The Associated Press

    Text of Bernanke's SpeechThe Associated Press - 1 hour agoIn all likelihood, the housing contraction would have been considerably milder had it not been for adverse developments in the subprime mortgage market. ...
    2008-01-10 10:31:15

  • Real estate's January report card - Inman.com (subscription)

    Real estate's January report cardInman.com (subscription), CA - 1 hour agoFixed rates fell while adjustable rates increased, resulting in a narrowing of the spread. The 30-year fixed mortgage rate ended the month of November at ...
    2008-01-10 10:58:20

  • Text of Fed Chairman Bernanke's Speech - The Associated Press

    Text of Fed Chairman Bernanke's SpeechThe Associated Press - 58 minutes agoMonetary policy (that is, the management of the short-term interest rate) is the Fed's best tool for pursuing our macroeconomic objectives, ...
    2008-01-10 11:01:16

  • Bernanke Sees More Rate Cuts - 123Jump.com

    Bernanke Sees More Rate Cuts123Jump.com, FL - 57 minutes agoIn all likelihood, the housing contraction would have been considerably milder had it not been for adverse developments in the subprime mortgage market. ...
    2008-01-10 11:02:24

  • IT-BPO firms take KPO route to raise profits - Business Standard

    IT-BPO firms take KPO route to raise profitsBusiness Standard, India - 57 minutes agoThe margins too are at least 15 to 20 per cent higher than pure vanilla BPO work like data entry, mortgage processing and customer support. ...
    2008-01-10 11:02:54

  • Making Hay Off Others’ Misery - Santa Monica Mirror

    Making Hay Off Others’ MiserySanta Monica Mirror, CA - 53 minutes ago... and HomeEq to maintain initial lower rates for some subprime home borrowers whose mortgage rates are scheduled to jump significantly higher. ...
    2008-01-10 11:06:17

  • Thirty-Year Fixed Loans Drop To 5.87 Percent For The Week - AHN

    Thirty-Year Fixed Loans Drop To 5.87 Percent For The WeekAHN - 50 minutes agoThis week the recorded rates on 30-year mortgages were the lowest since September 2005. Mortgage rates also moved down following the unemployment report ...
    2008-01-10 11:10:03

  • Bernanke lifts rate cut hopes, short-end debt - Guardian Unlimited

    Bernanke lifts rate cut hopes, short-end debtGuardian Unlimited, UK - 15 minutes ago... the lowest level since March 2004, after Bernanke's remarks. A deepening housing and mortgage crisis, together with wild swings in the financial markets ...
    2008-01-10 11:45:10

  • Blog: Mortgage rates lowest since 2005 (Newsday)

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    2008-01-10 10:17:08

  • Mortgage Rates Fall to Two-Year Lows (TheStreet.com)

    Unfortunately, not everyone who wants to buy a home or refinance can qualify.
    2008-01-10 10:50:34

  • Bank of England Keeps Benchmark Interest Rate at 5.5% (Update4) (Bloomberg.com)

    Jan. 10 (Bloomberg) -- The Bank of England kept its benchmark interest rate unchanged today as policy makers assessed the effects of last month's reduction on the economy.
    2008-01-10 11:01:59

  • MORTGAGES: Rate On 30-Year Fixed Mortgage At Lowest In More Than Two Years (Nasdaq)

    CHICAGO (Dow Jones) -- Weak economic conditions, as borne out by recent indicators, caused mortgage rates to drop this week, with the 30-year fixed-rate mortgage falling to its lowest level since September 2005, Freddie Mac reported Thursday.
    2008-01-10 11:09:55

  • Trichet Says ECB Ready to Act `Preemptively' on Rates (Update4) (Bloomberg.com)

    Jan. 10 (Bloomberg) -- European Central Bank President Jean- Claude Trichet signaled the bank won't cut interest rates and may raise them to contain inflation even as economic growth slows.
    2008-01-10 11:11:24

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