Mortgage crisis here may be worse than reported
Dorothy Gary never lost her home, but the senior citizen's oversized 24 percent mortgage rate brought her awfully, awfully close.
Read more News Source - The Buffalo News
Publish date - 13:33:39 01/05/09

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Triad mortgage brokers wait for a bump in activity
The drop in mortgage interest rates sparked by the dramatic cut in the key federal funds rate in December has yet to translate into a big bump in Triad home lending activity, according to area brokers.
Read more News Source - BizJournals
Publish date - 05:43:49 01/05/09

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Mortgage Help Scam Now Costing Couple Their Home
When Minnesota families sit down to balance their budget, many are finding money to pay for their home just isn't there. That's why foreclosure consulting companies across the country are reaching out to help homeowners. But that help is sometimes costing folks their homes.
Read more News Source - WCCO Minneapolis - St. Paul
Publish date - 04:56:29 01/06/09

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Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2)
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.
Read more News Source - Bloomberg
Publish date - 22:55:15 01/05/09

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Non-Agency Mortgage Bonds Rallied as Rates Declined (Update1)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime- jumbo mortgages with five years of fixed rates climbed 5 cents on the dollar in December to 75 cents, according to JPMorgan Chase & Co. data.
Read more News Source - Bloomberg
Publish date - 17:24:26 01/05/09

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Mortgage rationing gets tougher
Mortgage lenders are continuing to demand larger deposits as they ration home loans to their customers.
Read more News Source - BBC News
Publish date - 12:21:16 01/05/09

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Fed Begins Purchases Of Mortgage-Backed Securities
(RTTNews) - The Federal Reserve Bank of New York announced Monday that it has begun purchasing fixed-rate mortgage-backed securities guaranteed by government-sponsored enterprises. The details of the purchases will be made available on Thursday, January 8th.
Read more News Source - Nasdaq
Publish date - 15:08:28 01/05/09

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Mortgage Rates At 37- Year Low
Mortgage rates have hit a 37 year low, which could mean good news for those looking to buy a home or refinance. Mortgage rates have been falling for nine straight weeks, putting 30 year fixed rates at 5.10%. So is now the best time to refinance?
Read more News Source - WHIZ News Zanesville
Publish date - 21:45:17 01/05/09

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Low mortgage rates don’t entice buyers
As mortgage rates continue to flirt with 30-year lows, local lenders say they’re seeing a definite uptick in refinancing inquiries, but the historic low rates have done little to convince on-the-fence home buyers to re-enter the market.
Read more News Source - Fort Worth Business Press
Publish date - 11:06:44 01/05/09

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Housing still soft despite rate drops
Mortgage rates, which are at record lows, are key to an economic recovery, economist Ed Yardeni says. Lower rates should trigger a wave of refinancing, leaving U.S. homeowners with lower monthly payments and extra cash. They also could give the weak
Read more News Source - The News & Observer
Publish date - 07:48:57 01/06/09

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