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THE ECONOMY.(TO THE POINT)
Factory orders rose 0.5% in Oct.
Orders to U.S. factories rose 0.5%, after an upwardly revised flat reading in Sept. Defense orders surged 18.4%. Ex defense, orders were flat, after falling 0.6% in Sept. Durable goods orders slid 1.1% in Oct., worse than the 0.4% fall first reported. Nondurable goods orders rose 2.4%. Unfilled orders rose 0.5%, the 14th rise in 15 months.
Fixed mortgage rates up in week
The average 30-year fixed-rate mortgage this week rose to 5.81% from 5.72% the prior week, Freddie Mac said. The 15-year fixed-rate mortgage rose to 5.23% from 5.15%. The one-year adjustable-rate mortgage fell to 4.19% from 4.27%.
** The Monster Employment Index, a gauge of online job demand, rose to 117 in Nov., up from 114 in Oct. and the highest since it began a year ago. Of 20 industries, 10 saw slight gains in job demand.
** M2 money supply rose $8.4 bil to $6.3792 tril in the Nov. 22 week. M3 money rose $7.1 bil to $9.2999 tril. M1 swelled $24.1 bil to $1.3707.
EU wants to ease trade frictions
- VOLATILE MARKETS USHER IN MODIFIED, 'BEST OF BOTH WORLDS' ADJUSTABLE RATE...
- Newspaper article from: The Journal Record WILLIAM DONOGHUE June 25, 1987 700+ words
...adding features to the adjustable-rate mortgage. Adjustable rate mortgages are the...are wary of a traditional adjustable rate mortgage that could shoot up 2 percentage points...Calif., is offering an adjustable rate mortgage you can convert to a fixed rate loan...
- Merrill Lynch Announces the Blended-Rate Mortgage.
- Press release article from: Business Wire May 25, 2004 700+ words
...the lower rates of an adjustable-rate mortgage (ARM) with the lower risk of fixed...security of a traditional, fixed-rate mortgage or taking on more risk to benefit from...The flexibility of the Blended-Rate mortgage can offer clients both lower rates...
- Standard Federal fixed-rate mortgage lowest in 2 years. (Standard Federal Bank)
- Press release article from: PR Newswire July 17, 1989 700+ words
STANDARD FEDERAL FIXED-RATE MORTGAGE LOWEST IN 2 YEARS TROY, Mich...Lifetime Convertible Adjustable-Rate Mortgage. The following rates will be...Lifetime Convertible Adjustable-Rate Mortgage - 8.25 percent -- 15-year...
- Dollar Bank introduces bi-weekly adjustable rate mortgage loan: lower initial...
- Press release article from: PR Newswire July 26, 1988 700+ words
...BANK INTRODUCES BI-WEEKLY ADJUSTABLE RATE MORTGAGE LOAN: LOWER INITIAL PAYMENTS, LOWER...introduction of its "Bi-Weekly Adjustable Rate Mortgage Loan (ARM)" which combines the major...Dollar Bank Bi-Weekly Adjustable Rate Mortgage Loan offers an attractive alternative...
- Shawmut Bank announces fixed-rate mortgage product for affordable housing in...
- Press release article from: PR Newswire July 25, 1990 700+ words
SHAWMUT BANK ANNOUNCES FIXED-RATE MORTGAGE PRODUCT FOR AFFORDABLE HOUSING IN BOSTON...mortgage pool. This product is a fixed-rate mortgage for 30 years, with a rate priced one...Shawmut has been offering an adustable-rate mortgage (ARM) product since early March...
- LOW INTEREST CHARGES PUT FIXED-RATE MORTGAGE BACK IN FAVOR.(Business)
- Newspaper article from: Albany Times Union (Albany, NY) February 15, 1987 700+ words
...Klucina Business writer The fixed-rate mortgage has seized a sizable portion of the...from its cousin, the adjustable-rate mortgage. "Fixed rates have it hands down...Home & City Bank. The fixed-rate mortgage, restored to its traditional role...
- Asset Management Fund Adjustable Rate Mortgage ARM Portfolio Ranked no.1 by...
- Press release article from: Business Wire March 9, 1999 700+ words
...Asset Management Fund's Adjustable Rate Mortgage (ARM) Portfolio has received the...December 31, 1998. The Adjustable Rate Mortgage (ARM) Portfolio is designed specifically...primarily of high quality, adjustable-rate, mortgage-related securities which represent...
- Adjustable-rate mortgage payments about to get chopped.(Knight Ridder...
- Newspaper article from: Knight Ridder/Tribune News Service Brown, Jeff December 17, 2001 700+ words
...catch: You must have an adjustable-rate mortgage coming up on an anniversary. Homeowners...to do that now, since a new fixed-rate mortgage could actually cost more than the existing...figure the time remaining on a fixed-rate mortgage if you occasionally make an extra principal...
