County weathers housing, lending slump
result. A recent national media report characterized home sales as "on a staircase to the ... report. Gone is the no-money-down, low-interest-rate, adjustable mortgage that fueled the national housing boom, national ... they predict. But buyers counting on low interest rates and easy credit also could be ...
County sees no increase in foreclosures
result of subprime lending, such as long-term, interest-only loans, Leake said. "We stayed away from ... subprime financing in a market like Rappahannock. "Home prices in Rappahannock prevent subprime lending on ... first-time buyers trying to squeeze into a mortgage or a starter home," said Butch Zindel, ...
Interest rate pain hitting home
very much the adverse impact of any interest rate rises on Australian homebuyers," Mr Howard ... percentage point will bring the standard variable home loan rate to 8.3 per cent. This ... than $40 to monthly repayments on a mortgage of $250,000. It will also eat up ...
Rate rise: More grief for buyers, renters
THE interest rate rise will put the squeeze on renters and put home ownership further out of reach for those ... take on housemates to help service the mortgage," Mr Sheehy said. He said he was ...
Heart of Melbourne: Streets share pain
THE interest rate rise will hit Melbourne's mortgage belt hard, but residents in the city's ... five years. The latest rate rise makes home ownership an even more distant dream. With ...
RBA heads: Chiefs feel squeeze, too
of yesterday's rate rise. Land title and mortgage searches show four of the eight board ... told the hearing in February that low interest rates were part of the reason for ... really concerned about aspiring entrants to the home market, what you really want is lower ...
Fed gives weak approval to growth, credit risks
Industrial Average exceeding 200 points some days, interest-rate futures markets got it in their head ... prices (specifically housing). The decline in nationwide home prices has been mild to date, but ... is credit restraint: from the Fed; from mortgage lenders, who are faced with rising delinquencies ...
Perth house prices to fall 10pc
much as 10 per cent after yesterday's interest rate hike. Already depressed outlying suburbs along ... forced sales." The Housing Industry Association said home owners in NSW - where homes were ... loan sizes. According to the HIA, monthly mortgage payments in Victoria and Queensland on an ...
Home sales forecast lowered amid continuing slump
In South Florida, existing home sales are down roughly 20 percent in ... has crippled lenders such as American Home Mortgage Investment Corp., which filed for bankruptcy protection ... Federal Reserve policy makers yesterday held their interest-rate target at 5.25 percent for a ninth ...
Fighting like cat and dog over the economy
heave - that is the signal on interest rates from the latest Bank of England ... to show through in slowing consumer borrowing, mortgage lending and house prices. For most of ... per cent of people taking out a home loan still opted for a fixed-rate deal ...