Stock prices fell in early trading Monday as investors worry about Greece’s ability to repay debt and the potential consequences for the global economic recovery. » Read more…
Tag Archives: economic recovery
Stocks retreat in early trading on Greece concerns
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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New-home sales hit a low; durable goods orders up
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Sales of new homes fell unexpectedly to their lowest point on record in February, in part because stormy winter weather kept buyers away. The results pointed to the housing industry’s struggle to rebound from the worst slump in decades. » Read more…
Investors buy bonds, U.S. and Japan stocks in latest week-EPFR
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Investors committed a record $2.98 billion to global bond funds and pumped more money into U.S. and Japanese equities in the last week, but continued to pull money out of European stocks amid Greece’s debt crisis, data from fund tracker EPFR Global showed on Friday. » Read more…
Mortgage Risk Premiums Widen
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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Quick Move After Fed’s Exit Could Draw Buyers Next Week.
Mortgage-backed securities stumbled on Thursday as the market struggled to adjust to the absence of Federal Reserve buying. » Read more…
Should I be concerned about Ottawa’s new mortgage rules?
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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By Jonathan Chevreau
As of April 19, home-buyers will have to meet tougher standards to get a mortgage. Among the new rules is a requirement that borrowers be able to afford a five-year, fixed-rate mortgage,
even if they plan to stay short and variable. » Read more…