Mortgage and Financial News From 2008-2-3 Page 39

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• Just how much can you really afford each month? - Contra Costa Times

  Just how much can you really afford each month?Contra Costa Times, CA - 1 hour agoYour FICO credit score, in particular, determines how much the mortgage will cost. Lenders base their interest rates and fees on the risk that you could ...
  2008-02-03 03:09:22

• 'Typical' Calif. Democrat strapped for cash - Honolulu Advertiser

  'Typical' Calif. Democrat strapped for cashHonolulu Advertiser, HI - 1 hour ago"I worry about how I'm going to stay on top of my mortgage if my salary's not going to go up," Jones said last week. "I'm watching my bank account go down ...
  2008-02-03 03:09:59

• Tax law changes may affect you - Portsmouth Herald News

  Tax law changes may affect youPortsmouth Herald News, NH - 1 hour agoThe Mortgage Forgiveness Debt Relief Act also became law at the end of 2007. Previously, the amount of a forgiven or discharged debt has been included in ...
  2008-02-03 03:10:24

• Rate cuts help borrowers, but they are bad for savers - Fort Worth Star Telegram

  Rate cuts help borrowers, but they are bad for saversFort Worth Star Telegram, TX - 1 hour agoAnd conventional mortgage rates tend to follow rates on long-term Treasury bonds, which have fallen further since the Fed acted. Rates on 30-year fixed ...
  2008-02-03 03:14:42

• Options on table for those at risk - Fort Wayne Journal Gazette

  Options on table for those at riskFort Wayne Journal Gazette, IN - 1 hour agoBut if you are facing a resetting adjustable rate mortgage, are still current on your mortgage and have some equity in the property from a down payment or ...
  2008-02-03 03:15:21

• On the home front - Fort Wayne Journal Gazette

  On the home frontFort Wayne Journal Gazette, IN - 1 hour agoMortgage professionals say recent cuts in federal interest rates might mitigate the effects of resets this year, and the down market might have a silver ...
  2008-02-03 03:15:21

• Fed's latest cut sends rates for savers still lower - Fort Worth Star Telegram

  Fed's latest cut sends rates for savers still lowerFort Worth Star Telegram, TX - 1 hour agoSome banks, particularly ones with big mortgage-lending arms, are still offering high yields on CDs. "The good news is that rates aren't falling as fast as ...
  2008-02-03 03:19:39

• Can Feds save OC housing? - OCRegister

  Can Feds save OC housing?OCRegister, CA - 1 hour agoThey say it would result in lower mortgage rates on some home purchases, making them more affordable. But exactly what aid will come from Congress remains ...
  2008-02-03 03:21:51

• Persian Gulf Shares Rise After Fed Cut; Amlak, Emaar Advance - Bloomberg

  Persian Gulf Shares Rise After Fed Cut; Amlak, Emaar AdvanceBloomberg - 1 hour ago... lowered interest rates following the half-point cut by the US Federal Reserve. Amlak Finance PJSC, the United Arab Emirates' biggest mortgage-finance ...
  2008-02-03 03:22:06

• 'Borrower, know thyself' before getting big loan - Contra Costa Times

  'Borrower, know thyself' before getting big loanContra Costa Times, CA - 55 minutes agoEven so, most mainstream borrowers seeking to buy a midlevel home can still obtain the best available mortgage rates ("A paper" loans) from lenders hungry ...
  2008-02-03 03:32:17

• Reserve cut may save you money - Cape Cod Times

  Reserve cut may save you moneyCape Cod Times, MA - 24 minutes agoBy the time the half-point drop was announced Wednesday, the price of 10-year treasury notes - and the mortgage rates it influences - already reflected the ...
  2008-02-03 04:03:18

• Interest rate cut triggers local refinancing - The Newark Advocate

  Interest rate cut triggers local refinancingThe Newark Advocate, OH - 19 minutes agoThe prime rate and the mortgage rate are not the same, either. Still, the size of the Fed's first reduction and the two rate cuts so close together helped ...
  2008-02-03 04:08:16

• Nordic Banks eye edge in subprime crisis - Guardian Unlimited

  Nordic Banks eye edge in subprime crisisGuardian Unlimited, UK - 18 minutes ago... crowns ($1.78 billion) to customers that is secured by North American mortgage bonds. But it said that North American housing delinquency and loss rates ...
  2008-02-03 04:08:47

• Foreclosures are higher in WNY’s rural areas - Buffalo News

  Foreclosures are higher in WNY’s rural areasBuffalo News,  United States - 18 minutes agoFewer than two of every 100 home buyers in the Buffalo Niagara region turned to subprime mortgage financing from 2004 to 2006 — the lowest rate among the ...
  2008-02-03 04:09:12

• The Week Ahead - Modesto Bee

  The Week AheadModesto Bee, CA - 16 minutes ago... slashing key rates a half-point. Banks and regulators indicated they are working to help out the distressed companies that insure mortgage-backed bonds. ...
  2008-02-03 04:10:45

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