US STOCKS-Wall St drops as mortgage worries hit banks
October 23, 2010 by
Filed under mortgage rates
US STOCKS-Wall St drops as mortgage worries hit banks
* Concerns resurface over mortgage bonds * Apple, IBM slide after disappointing results * Commodities slide as China plans to hike interest rates * Indexes down: Dow 1.5 pct; S&P 1.6 pct; Nasdaq 1.8 pct * For up-to-the-minute market news see [STXNEWS/US ] By Edward Krudy NEW [...]
MORTGAGES / Overseas worries sink 30-year fixed rates
May 17, 2010 by
Filed under mortgage rates
MORTGAGES / Overseas worries sink 30-year fixed rates
Mortgage rates fell last week to the lowest level of the year, as rates fell on U.S. government securities. Fixed mortgage rates closely track interest rates paid on long-term Treasury bonds. The average rate on a 30-year fixed rate mortgage dipped to 4.93… Mortgage – Fixed rate mortgage [...]