Archive for October, 2007
« Previous EntriesFederal Reserve Lowers Rate a Quarter Point to 4.50%
Wednesday, October 31st, 2007Fed Lowers Rate a Quarter Point to 4.50%. (…)
Fed Lowers Key Interest Rate
Wednesday, October 31st, 2007The Federal Reserve, confronted with surging oil prices and a slumping housing market, cut a key interest rate on Wedensday.
Federal Reserve Lowers Rates 25 Basis Points
Wednesday, October 31st, 2007The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/2 percent. (…)
Apartment Complexes May Benefit From FCC Action Against Cable Contracts
Wednesday, October 31st, 2007Consumers, at least those who live in large apartment
complexes, may be poised to win one for a change if an article
by Stephen Labaton published in The New York Times on Monday is
correct.
According to the Times report, the Federal Communications Commission
(FCC) is considering striking down exclusive contracts
between cable companies and apartment building owners and…
Happy Halloween!
Wednesday, October 31st, 2007Happy Halloween
Quote of the Day
Wednesday, October 31st, 2007“If you wish to achieve worthwhile things in your personal and career life, you must become a worthwhile person in your own self-development.”
– Brian Tracy, Author
mortgage news
Todays Current Mortgage Interest Rates October 31 2007
Wednesday, October 31st, 2007Today’s Current Mortgage Interest Rates October 31 2007. Fixed mortgage rates are UNCHANGED from Tuesday October 30 2007, while adjustable mortgage rates are UNCHANGED - Today’s 30 Year, 15 Year Fixed are UNCHANGED- while as the 5/1, the 3/1 ARM Mortgage Interest Rates are UNCHANGED as well . The 10 year bond is UNCHANGED slightly to 4.42%.
Cramdowns Possible Rx for Foreclosures
Wednesday, October 31st, 2007A properly designed bankruptcy bill with firm guidance for modifying loans could reduce the number of expected foreclosures by 500,000, Mark Zandi, chief economist of Moody’s Economy.com, has told a congressional panel. (…)
Ranked: 10 Cars Made For Urban Driving
Wednesday, October 31st, 2007Car and Driver Magazine ranks 10 cars designed for urban driving.
Mortgage Bankers Association Favors Government Bailout
Wednesday, October 31st, 2007If bankruptcy judges begin to reduce or “cram down” the principal amount of residential mortgages, Federal Housing Administration servicers would have to absorb the losses because the government cannot pay a claim on a cramdown, according to the Mortgage Bankers Association. (…)
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