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+2 ·
Weyerhaeuser feels pinch of slowing housing market
Filed Oct 25, 2006 at 12:17 PM ·
Weyerhaeuser Co. said Wednesday that an abrupt decline in the housing market sent wood prices into a deeper plunge than it expected, leading to a 26% decline in third-quarter profit.
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Mortgage applications fall as rates rise
Filed Oct 19, 2006 at 4:42 PM ·
Mortgage applications are down 11.4% in the past year, roughly in line with declines in home sales.
Applications to buy a home rose 0.4% last week compared to the prior week, while applications to refinance an existing loan fell by 5.3%.
The MBA's data showed that the share of applications for refinancings fell to 45% in the week ended Oct. 13, down from 46.4%.
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+5 ·
Inflation risk still trumps recession fear
Filed Oct 16, 2006 at 2:07 PM ·
Risks of a spike in inflation are still greater than the risks of a recession, Michael Moskow, the president of the Chicago Federal Reserve Bank, said Thursday.
"The risk of inflation remaining too high is greater than the risk of growth being too low," Moskow said in a dinner speech to a real-estate group.
As a result, some additional rate hikes may be necessary to bring inflation back into a range of stable prices, he said.
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+5 ·
Dont wait for the reset -- start thinking about your credit now
Filed Oct 16, 2006 at 12:12 AM ·
Erin Littlefield's adjustable-rate mortgage resets in May 2008. She'll have to refinance -- and she's already dreading it. "We have a 4% interest (rate), so I know it's going to go up," said the Bryan, Texas, college English professor and first-time homeowner.
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+2 ·
Commentary: Housing market isnt necessarily a predictor of stock
Filed Sep 26, 2006 at 6:18 AM ·
Consider an argument thats been making the rounds in recent weeks about scary parallels between the housing market and the stock market...
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Rates dip as Fed holds steady
Filed Sep 21, 2006 at 2:00 PM ·
... The 15-year fixed-rate mortgage, a popular choice for refinancing,averaged 6.06%, down from 6.11% a week ago but up from 5.37% at the sametime last year. ...
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Guidance on exotic mortgages coming in weeks, regulators say
Filed Sep 21, 2006 at 6:45 AM ·
WASHINGTON (MarketWatch) -- In a matter of weeks, federal bank regulators will issue guidance to lenders about exotic mortgages such as interest-only or payment ...
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Refinancing filings soar to eight-month high
Filed Sep 21, 2006 at 6:45 AM ·
... applications. Applications for loans to buy a home fell 3% on a week-to-week basis, while refinancing loans rose 9.5%. Refinancings ...
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