AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
THE ECONOMY.(TO THE POINT)
Chief execs anticipate good times
The heads of big U.S. companies expect continued strength in the economy over the next 6 months. The Business Roundtable's hiring outlook was the most bullish since '02. The group's survey of 125 CEOs found 85% expect their firms' sales to increase in the next half year vs. 2% who see a decline. Some 50% see capex growing vs. just 5% predicting a decline. 56% see an uptick in the last survey. The CEO economic outlook index hit 102.2, 2nd best in its 3 1/2-year history.
Mortgage rates slip in last week
Rates on 30-year fixed-rate mortgages fell 2 basis points to 6.24% in the week ended March 2, said Freddie Mac. A year earlier, the rate was 5.79%. Five-year hybrid adjustable-rate mortgages rose 1 basis point to 5.97%, also higher than a year ago. One-year adjustable-rate mortgages rose 2 basis points to 5.34%. But Treasury rates have jumped in the past 2 days, which could boost mortgage rates soon.
** M2 money supply rose $41 bil to $6.784 tril in the week ended Feb. 20. M3 rose $54.1 bil to $10.3349 tril. M1 gained $21.2 bil to ...
- In Brief: Fixed-Rate Mortgages Up for 2d Week in Row.
- Magazine article from: American Banker September 13, 1999 700+ words
...on 30-year fixed-rate mortgages averaged 7.88% in...to-week rise. A year earlier the same kind of mortgage...on 15-year fixed-rate mortgages also rose, to 7...earlier and 6.43% a year earlier. And so did one...
- SunTrust profits rise 7%; margins squeezed by ARM, deposit rate...
- Magazine article from: American Banker Gold, Jacqueline S. April 13, 1995 700+ words
...first quarter, up 7% from a year earlier. But its net interest margin...deposit pricing and adjustable rate mortgages. Results were exactly on target...about $2.7 million from a year earlier, and deposit fees fell by about...
- ARM Margins Adjusted Too In 2Q -- They Got Smaller.(adjustable-rate mortgages)
- Magazine article from: American Banker Shenn, Jody August 4, 2004 700+ words
...adjustable-rate mortgages and home equity...adjustable-rate mortgages was neither...more than a year earlier -- have rates...buy fixed-rate mortgages. Instead they...points from a year earlier, to 1.04...
- Tighter Terms On ARMs Hit Market Share.(adjustable-rate mortgages, Downey...
- Magazine article from: American Banker Shenn, Jody July 20, 2006 700+ words
...on option adjustable-rate mortgages made for its portfolio caused...first quarter and 14% a year earlier. "Although we offer other...million litigation award a year earlier related to a foreclosed property...fell by about half from a year earlier, to $2 billion. Total...
- Countrywide's Ardor for Option ARMs Undimmed.(Countrywide Financial Corp.,...
- Magazine article from: American Banker Shenn, Jody October 28, 2005 700+ words
...focus on option adjustable-rate mortgages. More lenders are making...than four times the volume a year earlier. "Pay-option ARMs have...million profit from a loss a year earlier. Banking-segment earnings...more than doubled from a year earlier and grew 8% from the ...
- Mortgage slump hits top thrifts as ARMs fizzle. (adjustable-rate...
- Magazine article from: American Banker Roosevelt, Phil September 27, 1991 700+ words
...are hardly helping matters. Fixed-rate mortgages are sporting their lowest rates since...basis points in July, up from 241 a year earlier. Ahmanson and Great Western have both...The Worst Slump Ever Adjustable-rate mortgages, meanwhile, are in their longest...
- Countrywide Servicing Growth Raises Eyebrows.(Countrywide Financial Corp.'s...
- Magazine article from: American Banker Fernandez, Tommy January 27, 2003 700+ words
...share, up 53% from a year earlier. And because it originated...were for new, low-rate mortgages that are less likely...quarter, up 43% from a year earlier. "We picked up overall...579% increase from a year earlier. Its lender services...
- Wells Fargo Sells Low-Yielding ARMs.(adjustable-rate mortgages )
- Magazine article from: Origination News November 1, 2005 700+ words
...its lowest-yielding adjustable-rate mortgages in the third quarter. Despite the...balance sheet increased 8% from one year earlier. But the sale of those ARMs had did...would have increased by 20% from a year earlier. Related to the asset sale, Wells...
