Real Estate
Bank holds rates as mortgage data emerge (FT.com)
FT.com - The Bank of England left interest rates unchanged at 5.5 per cent on Thursday, as fresh evidence emerged that mortgage borrowers are not yet getting the full benefit of December's quarter-point cut. Read more…
Paragon to unveil discounted rights issue (FT.com)
FT.com - Paragon is close to announcing it will be the first UK mortgage lender to undertake a hugely discounted rights issue because of the credit squeeze. Read more…
Mortgage rates fall below 6 percent mark (AP)
AP - Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more than two years. Read more…
Treasurys sell off as stocks get a bid (AP)
AP - Treasury prices fell sharply Thursday after stocks advanced on news that Bank of America Corp. might buy struggling mortgage lender Countrywide Financial Corp. Read more…
Overview: Hopes for US rate cut spur relief rally (FT.com)
FT.com - A possible acquisition of Countrywide, the embattled US mortgage lender, and the signalling of more rate cuts from the Federal Reserve, helped dispel some of the recent equity market gloom on Thursday. Read more…
