Interest Rates and Mortgages Audio for this story will be available at approx. 7:30 p.m. ET All Things Considered , May 3, 2005 Melissa Block talks with Mark Vitner, senior economist at Wachovia Corporation.via
MFA Mortgage May Sell 12.M Shares (AP via Yahoo! Finance) Real estate investment trust MFA Mortgage Investments Inc. said Tuesday it signed a sales agreement with Cantor Fitzgerald & Co. to potentially sell up to 12.5 million of its
UPDATE: BlackRock, Highfields Back Distressed Mortgage Fund PennyMac (Nasdaq) SAN FRANCISCO (Dow Jones) -- Fixed-income giant BlackRock Inc. and hedge fund firm Highfields Capital Management said Monday that they're backing a new company that will buy distressed home loans,
Ballooning budget deficit boosts 30-year bonds' appeal Ballooning budget deficit boosts 30-year bonds' appeal Treasury Department may renew program stopped in 2001.via
Market Values read more...
Big Rebukes On Title Referrals Rigged appraisals, lax underwriting and toxic loans may dominate the headlines, but they are hardly the only issues causing problems in residential real estate. read more...
“Furthermore, there is still a risk that pay could move significantly higher over the coming months, even though wages have remained broadly contained so far”
The Bank of England raised its benchmark interest rate by a quarter of a percentage point to 5.75 percent on Thursday, the fifth increase in less than a year as it attempts to put a lid on persistent inflation.
The widely expected move confirmed Britain’s place at the top of the interest rate table of the world’s seven wealthiest nations, as the European Central Bank held its own main refinancing rate unchanged at 4 percent.
British interest rates are now at a six-year high as the Bank of England struggles to contain rising prices and a booming housing market. Read more
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