Mortgages rates make modest move downward
By Chris Kissell
Originally Posted Nov. 13, 2008 at Bankrate.com
After several weeks of off-the-charts volatility, mortgage rates moved modestly lower this week.
The benchmark 30-year fixed-rate mortgage fell 5 basis points, to 6.39 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. [...]

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Housing Affordability Nationwide Rises To Highest Level In Four Years
Originally posted by the National Association of Home Builders (NAHB)
November 17, 2008 - With home prices decreasing and interest rates holding at historically low levels, the number of potential home buyers nationwide who can afford to buy new and existing homes has reached the highest [...]

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New World of Mortgage Lending
by Cathy Salustri
Three years ago it seemed anyone could get 100% financing on a half-million dollar home and lenders had a mortgage product for every situation. Today the lending pendulum has swung the other way and lenders are getting back to basics with more conventional mortgages.
Lenders say they’re protecting their [...]

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By Graham Norwood on Thursday, November 06, 2008
So it is Barack Obama, and by a landslide. The voters of the United States have built a prism – their decisive choice of a black, young, liberal leader – through which the rest of the world will view all of their country’s actions for the next [...]

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NEW YORK (CNNMoney.com) — Sales of newly constructed homes rose in September, according to the monthly report from the U.S. Census Bureau, inching up 2.7% from August to an annualized rate of 464,000.
By Les Christie, CNNMoney.com staff writerLast Updated: October 27, 2008: 2:10 PM ET
The reading was above the consensus forecast of 450,000, according to [...]

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WASHINGTON (Bloomberg) — Sales of new
houses in the U.S. were unexpectedly rising before credit markets froze
this month, having rebounded from a 17-year low thanks to a drop in
prices.

Purchases
increased 2.7 percent in September to an annual rate of 464,000 from
452,000 the prior month that was less than previously estimated, the
Commerce Department said Tuesday in Washington. [...]

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Bankrate readers share words of financial wisdom from their fathers.

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Leslie McFadden, who covers ID theft and scams, found her personal information exposed by her alma mater. Here’s what she did to protect herself — and what you should do too.

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The credit crunch has extended to the student loan market, leaving many students wondering how they’ll get funds.

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If you don’t have an account with a bank, it can refuse to cash a check, says Dr. Don Taylor.

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