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HSBC to close U.S. mortgage-backed securities desk (Reuters via Yahoo! News)   Europe's biggest bank HSBC Holdings (O005.HK) said it had stopped selling and trading mortgage-backed securities in the United States, as part of 120 job cuts in its investment bank


Finding Bargains (and Headaches) at Foreclosure Sales  IF rising interest rates cause more people to default on their adjustable-rate mortgages, investors could face a potential boon.read more...


ADV: Research Your Education the Easy Way  Research your dream job! Find a school near you that offers classes in your area of interest and get started on your dream career! It’s fast, it’s easy, and it’s


St. Joseph is helping sell Valley homes  Claire Bush Special for The ABG Dec. 21, 2006 12:00 AM The downturn in Arizona's real estate market is translating into business for Catholic gift stores around the Valley, where


Mortgage broker Camilleri charged (The Australian)  A SYDNEY mortgage broker has been charged with managing a corporation while being banned from doing so, the corporate watchdog says.read more...


Bollard pumps up the volume ss  Reserve Bank Governor Alan Bollard left the official cash rate at 6.75 per cent yesterday but pumped up the volume on warnings the next move was more likely to be

December 5th, 2007

Mortgage rates fall to 26-month low

Mortgage rates have hit their lowest point in more than two years as Fed officials made it crystal clear that the central bank will cut short-term rates next week.

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