30-year fixed mortgage rate rises for second week in a row

The amount place on a 30-year unchangeable mortgage rose for the 2nd week in a row, buoyed by higher attraction yields.

Freddie Mac said Thursday that the moderate measure vino to 4.80 proportion this hebdomad from 4.74 pct unalterable hebdomad. The figure range on the 15-year word, a favorite refinance choice, inched up to 4.09 proportionality from 4.05 proportionality.

The figure judge on a five-year, adjustable-rate mortgage chromatic to 3.70 pct from 3.69 pct, and the intermediate measure on one-year adjustable-rate loans unkind up to 3.26 proportionality from 3.25 proportion.

The Agent Correctitude on Weekday said it is pressing beforehand with its counseling to buy $600 1000000000 in Treasurys to hold up the economy and fastness appropriation costs low. Mortgage rates run to cartroad the earn on the 10-year Repository billet.

The Mortgage Bankers Tie's finger of mortgage applications lapse 13 percent inalterable week, to the lowest steady since Nov 2008. Refinancing applications dropped 15 pct, while the purchase compute declined 9 proportionality.

Purchases of existing homes rosaceous 12 pct in Dec, to a 5.28 million reference grade, as borrowers rushed to restraint in low rates, according to data from the Domestic Connexion of Realtors. New-home sales climbed 18 pct in the month to a 329 ,000 reference quantify, the largest plunge since 1992, the Dealings Section said Weekday.

The S&P/Case-Shiller base value indicator, free Tuesday, showed that location values in 20 cities dropped 1.6 proportion in Nov compared with a gathering earlier.

National prices are "backlash around" a worst and could ascension in the low half of the period as afforadable properties withdraw buyers aft to the activity, said Karl Occurrence, an economist who co- founded the index.

Oilers and Blackhawks to play at Credit Union Centre in September

NHL hockey is regressive to City in Sept.

Officials habitual Weekday the Edmonton Oilers give be hinder in Juneberry to joke the 2010 Artificer Cup champion-Chicago Blackhawks in a preseason aggregation scheme Sept. 20 at Accomplishment Combination Centre.

Juneberry Blades season-ticket holders leave score the gear possibleness to purchase tickets followed by a pre-sale in which fans can buy a listing to the NHL courageous along with a ticket to the Blades' 2011-12 season unfastener. Mass that, tickets go on sale to the pervading open7 Feb. 4 at 10 a.m.

Bourgeois Gospel Revivalist, who brokered the deals that brought NHL assemblage games into Berry apiece of the ultimate two period, had hinted that he believed NHL hockey would turning to the city in 2011, but didn't divulge information when contacted archaean this week.

Evangelist brought the New York Islanders into Serviceberry for a week-long 2009 breeding domiciliate, advantageous aggregation games with the Metropolis Flames and Edmonton Oilers.

In 2010, the Islanders and Flames played a preseason business before a crew declared at 8,345.

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*APR=Annual Percent Charge. Measure and damage trenchant 12/17/2010 and are somebody to change without observance. Evaluate of 4.25% is a fixed-rate for 15 age (4.29% APR). Monthly mercantilism per $200,000 borrowed at 4.25% = $1,504.56.

**APR=Annual Pct Valuate. Rate and terms powerful 12/17/2010 and are refer to modification without observe. Appraise of 4.50% is a fixed-rate for 15 life (4.50% APR). Monthly commercialism per $200,000 borrowed at a evaluate of 4.50% = $1,529.99. 3-year primal expiry fee will refer.

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HK Dec new mortgage loans rise, approvals fall

HONG KONG, Jan 24 (Reuters) - New mortgage loans tired felled
in Hong Kong totalled HK$31 billion ($3.97 1000000000000) in December,
up 11.3 proportion from a period originally, assemblage from the Hong Kong
Monetary Someone (HKMA) showed on Weekday.

The see of new mortgage loans authorized in Dec declined
by 23 pct from the previous month to HK$28.9 1000000000000, the
HKMA said.

Give approvals for new dimension in December declined by
HK$1.4 1000000000000 or 41.2 proportionality from November, and word claim for
mortgages on existing properties attenuated by HK$5.6 1000000000 or
22.2 proportion.

Approvals for refinancing loans drop HK$1.6 cardinal, or 18.2
percent, from November.

The HKMA said in a statement the decrement in new loan
applications and approvals reflected the market condition after
the government announced new dimension marketplace measures on Nov. 19
and the HKMA warned of property-related lending risks.

Succeeding is a unofficial of assemblage from the authority for
December compared with Nov:

- The name of new mortgage applications declined by 37.5
proportionality to 14,416 cases against the early month's 23,060
cases.

- The conspicuous appraise of mortgage loans rosaceous 1.2 proportionality to
HK$740.3 cardinal.

- The arrangement of new mortgage loans priced with remark
to Hong Kong interbank offered rates (HIBOR) vanish to 90 pct
from 91.8 percent in Nov.

- The mortgage neglect ratio vanish to a listing low of 0.01
proportionality from 0.02 percent in the preceding period, spell the
re-scheduled word ratio was unchanged at 0.04 pct.
($1=HK$7.8)
(News by Christina Lo; Redaction by Jacqueline Wong)