Mortgage and Financial News From 2008-1-23 Page 8

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  • Stocks plunge, then post big gains on day after Fed rate cut - SouthCoastToday.com

    Stocks plunge, then post big gains on day after Fed rate cutSouthCoastToday.com, MA - 57 minutes agoAt its lowest point Tuesday, the Dow was 17.9 percent below its October closing high, meaning that the stock market has come perilously close to the 20 ...
    2008-01-23 10:02:57

  • Hong Kong shares end morning higher in choppy trade; banks ... - CNNMoney.com

    Hong Kong shares end morning higher in choppy trade; banks ...CNNMoney.com - 55 minutes ago'Banks rose on hopes of more mortgage business after the latest interest rate cuts, while China banks also did well,' said Chan of Philip Asset Management. ...
    2008-01-23 10:05:07

  • Bernanke in hot seat as market turmoil spikes (Servihoo)

    Federal Reserve chairman Ben Bernanke is facing the biggest challenge of his career amid fears the US economy is sinking into a recession, analysts say.
    2008-01-23 10:54:20

  • 30-year mortgage rate lowest since 2004 - Boston Globe

    30-year mortgage rate lowest since 2004Boston Globe, United States - 54 minutes agoMortgage rates fell to a four-year low a day after the Federal Reserve cited a weakening economy in its emergency reduction of the benchmark overnight ...
    2008-01-23 10:06:23

  • Piedmont Federal's name better reflects core business (Winston-Salem Journal)

    Piedmont Federal Savings and Loan Association said yesterday that it has changed its name to Piedmont Federal Savings Bank. The bank will remain based in Winston-Salem.
    2008-01-23 10:54:42

  • The New Zealand dollar drifted lower overnight - FXstreet.com The Foreign Exchange Market

    The New Zealand dollar drifted lower overnightFXstreet.com The Foreign Exchange Market, Spain - 52 minutes agoMost of this strength has been in refinancing, up 126% on a year ago, as mortgage rates have fallen to multi-year lows. In contrast, applications for ...
    2008-01-23 10:07:49

  • People in the Move (Pensacola News Journal)

    Teresa Frye, a mortgage loan officer, recently moved to the mortgage professionals at Peoples First Community Bank.
    2008-01-23 10:54:50

  • Stocks plummet, then soar wildly (The Myrtle Beach Sun News)

    It started with another stomach-turning drop at the open, and a loss of more than 300 points by midday. Then stocks changed course, raced higher and closed with a gain of nearly 300. This wasn't just volatility. This was Wall Street whiplash. Amid tumbling housing prices, an ongoing credit crisis and growing fears of a recession, turbulence has become a hallmark of Wall Street in recent weeks. ...
    2008-01-23 09:41:53

  • Wall Street rallies for huge rebound (The Post and Courier)

    NEW YORK — Wall Street pulled off a stunning comeback Wednesday, surging higher in late trading and wiping out what looked to be yet another massive decline. The Dow Jones industrials, down more than 323 points in earlier trading, ended the day with an advance of just under 300 points. ...
    2008-01-23 09:49:30

  • Stocks Recover From Sharp Losses (IWon - Money)

    NEW YORK (AP) — It started with another stomach-turning drop at the open, and a loss of more than 300 points by midday. Then stocks changed course, raced higher and closed with a dramatic gain of nearly 300.
    2008-01-23 10:16:20

  • More News (Whittier Daily News)

    Check the markets Look up quotes. Build your portfolio. NEW YORK - It started with another stomach-turning drop at the open, and a loss of more than 300 points by midday. Then stocks changed course, raced higher and closed with a dramatic gain of nearly 300.
    2008-01-23 10:29:59

  • Wall Street gets manic lift (Concord Monitor)

    Wall Street pulled off a stunning comeback yesterday, surging higher in late trading and wiping out what looked to be yet another massive decline. The Dow Jones industrials, down more than 323 points in earlier trading, ended the day with an advance of just under 300 points.
    2008-01-23 10:31:07

  • Stocks dive on worries of U.S. recession; Wall Street digests Fed's interest rate cut (Sherman Herald Democrat)

    By Madlen Read Associated Press NEW YORK — An unusual emergency interest rate cut by the Federal Reserve gave Wall Street a partial rebound Tuesday from a precipitious early decline — and perhaps the first steps toward a long-term recovery.
    2008-01-23 10:32:55

  • Landlords win amid housing doldrums (The Fresno Bee)

    Property values may be falling, but many people who bought apartment complexes during the real estate boom before 2006 still have pocketed a tidy profit, an investment specialist reminded landlords and investors Wednesday.
    2008-01-23 10:42:13

  • Wall Street pulls off stunning comeback after sharp decline (The Pantagraph)

    NEW YORK -- Wall Street pulled off a stunning comeback Wednesday, surging higher in late trading and wiping out what looked to be yet another massive decline. The Dow Jones industrials, down more than 323 points in earlier trading, ended the day with an advance of just under 300 points. | Workers can't help but worry | Tips for investors
    2008-01-23 10:49:28

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