Stocks Gain on Bond-Insurer News
Thursday, January 31st, 2008Reports that MBIA reassured investors about its AAA rating boosted sentiment Thursday
Original post by Anthony
Archive for January, 2008
S&P Picks and Pans: P&G, Amazon, Starbucks, Mattel
Thursday, January 31st, 2008Mortgage rates end five-week descent (CNN Money)
Thursday, January 31st, 2008Mortgage rates ended their five-week descent following the Fed’s decision to cut its federal funds rate by half of a percentage point, Freddie Mac reported Thursday.
Original post by Yahoo! News Search Results for mortgage rates
Is Your Mortgage at Risk?
Thursday, January 31st, 2008Recently, the FSA launched a report suggesting upto a million homeowners could be at risk of repossession. They said the mortgages most at risk were mortgages which
- were more than 3.5 times income
- Mortgage over a longer period than 25 years
- Interest only mortgages.
- Mortgages more than 90% of LTV
On these criteria, I should start worrying as the first 3 apply to my own mortgage. My mortgage is currently 6 times income, 47 years and currently interest only. The only good thing is that my mortgages is 70% LTV.
To be honest, I’m not currently worried about my mortgage. The reason is.
I expect base rates to fall by at least 0.75% this year. True, it is possible banks may not pass the whole rate cuts on to consumers (I’m still waiting for the December cut) But, I expect at least part of the base rate cut will be past onto consumers.
Original post by Tejvan R Pettinger
Is Your Mortgage at Risk?
Thursday, January 31st, 2008Recently, the FSA launched a report suggesting upto a million homeowners could be at risk of repossession. They said the mortgages most at risk were mortgages which
- were more than 3.5 times income
- Mortgage over a longer period than 25 years
- Interest only mortgages.
- Mortgages more than 90% of LTV
On these criteria, I should start worrying as the first 3 apply to my own mortgage. My mortgage is currently 6 times income, 47 years and currently interest only. The only good thing is that my mortgages is 70% LTV.
To be honest, I’m not currently worried about my mortgage. The reason is.
I expect base rates to fall by at least 0.75% this year. True, it is possible banks may not pass the whole rate cuts on to consumers (I’m still waiting for the December cut) But, I expect at least part of the base rate cut will be past onto consumers.
Original post by Tejvan R Pettinger
Movers: MBIA, Amazon.com, Starbucks, AnnTaylor, Alliance Data Systems
Thursday, January 31st, 2008Housing Meltdown
Thursday, January 31st, 2008Why home prices could drop 25% more on average before the market finally hits bottom
Original post by Anthony
Buying Your First Home … Is a Mortgage Broker Right for You?
Thursday, January 31st, 2008The news media is filled with reports of the home mortgage market becoming tighter and more difficult all of the time. This includes the Tampa home mortgage market as well as the Florida home mortgag…
Original post by default@goarticles.com (Lance Mohr)
Stocks Fall on Claims Data
Thursday, January 31st, 2008A surprising jump in first-time unemployment filings raised new fears about the health of the economy
Original post by Anthony