Bank Credit Card Guide & Banking News

As mortgage rates slide, applications to refinance have gone through ... - Denton Record-Chronicle
The holidays can be slow in the mortgage business as consumers take a break to celebrate. But at Gary Akright's Addison mortgage office, the phone is ringing off the wall. The lowest loan interest rates in more than a generation have prompted ...
Posted: Wed, 31 Dec 2008 23:53:00 GMT

Mortgage applications remain at 5-year highs - Newsweek
Recommended (6) Samuelson: Good Times Breed Bad Times The Anatomy of Fear, and Its Effect on the Economy How Paulson Became the New Face of Capitalism Hirsh: Greenspan's To Blame for Wall Street Woes The Real Aim of Fannie Mae, Freddie Mac Bailout ...
Posted: Wed, 31 Dec 2008 15:46:00 GMT

Free Credit Repair Guide Offers Hope for Homeowners - Earthtimes
LOS ANGELES, CA -- 01/06/09 -- With the current state of the economy it's becoming increasingly difficult to qualify for a loan -- even if you have perfect credit. Daniel Rosen (a.k.a. "The Credit Doctor") is a consumer advocate and author of America ...
Posted: Tue, 06 Jan 2009 08:58:00 GMT

Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2) - Bloomberg
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime ...
Posted: Mon, 05 Jan 2009 22:43:00 GMT

Not Everyone Can Bank On Low Mortgage Rates - WBZ-TV
Rates have been wildly volatile over the last few weeks, and mortgage experts expect they will continue to drop, and stay low in the coming months. Amy Tierce, the President of Fairway New England Mortgage, says one person could qualify for a 4.25 ...
Posted: Fri, 02 Jan 2009 23:51:00 GMT

Waverly mortgage company goes from lender to mender - Waterloo Cedar-Falls Courier
WAVERLY --- When Randy and Julie Lee launched their Open Mortgage franchise, their idea was to fit would-be homeowners with the right deal to get them a house. Now, with an ailing economy in which a flurry of foreclosures is a chief symptom, the Lees ...
Posted: Sun, 04 Jan 2009 20:35:00 GMT

Walking away from a mortgage no longer unthinkable - Associated Press
CHICAGO (AP) -- Diane Shackle found it gut-wrenching to walk away from a mortgage she took out in times that were better for both her and the U.S. economy. But the reality was undeniable: While she was keeping up with the monthly payments, she said ...
Posted: Wed, 31 Dec 2008 15:54:00 GMT

A toast to low mortgage rates - Marketwatch
CHICAGO (MarketWatch) -- In a normal year, mortgage rates at a record-low 5% would have the housing market doing back flips. Instead, in 2008 all we got were belly flops. , , ) said Wednesday that its benchmark 30-year loan hit 5.10% this week, the ...
Posted: Wed, 31 Dec 2008 19:35:00 GMT

Mortgage applications nationwide reach 5-year high - ksl.com
This sounds is a very positively spun report. The problem is they fail to mention that over 82% of the applications are for refinancing and not new mortgages. Not going to do much to kick off another boom if people still aren't buying. It also fails ...
Posted: Sun, 04 Jan 2009 23:56:00 GMT

Will Obama help or hurt investors? - Asbury Park Press
Managing your financial affairs in this season of political transition is like being in a poker game when a stranger shows up. It's hard to know how to play a hand until you get a sense of the new guy's strategy. President-elect Barack Obama is now ...
Posted: Sun, 04 Jan 2009 13:04:00 GMT