Interest rate surge hammers mortgage applications


Interest rate surge hammers mortgage applications

An unrelenting surge in interest rates for home mortgages pushed borrowing costs to their highest level in two years.

Interest Rate Surge Hammers Mortgage Applications

An unrelenting surge in interest rates for home mortgages pushed borrowing costs to their highest level in two years.

Mortgage Applications Skid as Interest Rates Jump

Interest rates on home mortgages rose last week to hit their highest level in over a year, hurting demand from potential homeowners.

11 common credit card goofs

Whether due to confusion or carelessness, credit card mistakes are all too common. The fallout can be costly, no matter what the cause. Even a single slip-up can result in higher interest rates, lower credit limits, unwanted fees or dings to a credit s…

Exclusive: Fired Barclays trader draws scrutiny in Libor probe

A 30-year-old former Barclays Plc swaps trader in New York, who was fired from the bank in 2010, is among those drawing scrutiny from prosecutors in the deepening scandal over the manipulation of global benchmark interest rates.

Fed says interest rates likely to stay near zero through late 2014

Federal Reserve Chairman Ben Bernanke said the central bank was prepared to take more action if necessary to keep the economy moving, but that weakness in the housing sector is a key to recovery and interest rates would remain low for nearly three years.

Canadian Markets: Bank, energy stocks drag on Canada market

Financial stocks fall as the U.S. dollar falters following a Federal Reserve promise Wednesday to keep interest rates low until late 2014.

Lower interest rates: So what?

Lower interest rates for mortgages, other loans could help consumers. But Fed’s move to lower interest rates hurts savers and may not buoy stocks.

Mortgage applications declined last week: MBA

Applications for home mortgages fell last week, after a sharp bounce the week before, as refinance demand dropped and interest rates rose, an industry group said on Wednesday. (2 days ago)

Mortgage applications see biggest gain in 3 months: MBA

Applications for home mortgages saw their biggest jump in three months last week, fueled by demand for refinancing as interest rates continued to fall, an industry group said on Wednesday. (16 hours ago)