Entries in the '' Category

Street looks to ’09 with relief after terrible ’08 (AP)

Igor Lerner, left, and Dilip Patel, both specialist traders for Bear Wagner, work from their post during early activity on the floor of the New York Stock Exchange, Wednesday Dec. 31, 2008.  Wall Street showed a modest advance in the final session of a dreadful year as investors took some comfort from a sharp drop.  (AP Photos/Bebeto Matthews)AP - The last trading day of 2008 on Wall Street provided a merciful end to an abysmal year — the worst since the Great Depression, wiping out $6.9 trillion in stock market wealth. Six years of stock gains disappeared as the economy crumbled and markets crashed around the globe, shaking the confidence of professional and individual investors alike.


Wall St closes out worst year since Depression (Reuters)

The year movement of the Dow Jones industrial average. (Graphics/Reuters)Reuters - Wall Street closed out its worst year since the Great Depression on Wednesday after an unstoppable credit crisis and a dreadful economic outlook left investors questioning their faith in stock markets.


Mortgage rates fall to third straight record low (AP)

National Association of Realtors' 'Celebrating the Dream of Home Ownership for 100 Years' Rose Parade float is judged, Wednesday, Dec. 31, 2008 in Irwindale, Calif. The housing crisis isn't stopping the National Association of Realtors from fielding its first float in the Rose Parade. It will join 46 other entries from struggling companies such as Honda and Macy's in the New Year's Day spectacle that has kept on marching through the Great Depression and world wars during the past 120 years. (AP Photo/Mark J. Terrill)AP - Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring.


Revisiting a Classic: ‘Your Money or Your Life’ (AP)

In this photo provided by Penguin Publishing, Vicki Robin, author of 'Your Money or Your Life,' is shown. (AP Photo/Penguin Publishing, Rich Frishman)AP - There are countless personal finance books that advise readers on budgeting, investing and paying down debt. Few leave the tips aside and ask you to question your relationship with money and the reasons you spend what you do.


Mortgage crisis spurs tougher rules for brokers (AP)

Shirley Webster, president of the Greater Citizens Coalition of Martindale-Brightwood, tours the Brightwood neighborhood on the near north side of Indianapolis, Tuesday, Dec. 16, 2008.  The area has a problem with vacant homes, many of the homes have been stripped of their pipes and the home pose a danger to the students in a nearby elementary school.  (AP Photo/Michael Conroy)AP - Becoming a mortgage broker in Indiana used to be easy. Too easy.


Mortgage rates drop to 37-year low (Reuters)

Reuters - Interest rates on U.S. 30-year fixed-rate mortgages dropped for a ninth consecutive week, reaching their lowest level in 37 years, according to a survey released on Wednesday by home funding company Freddie Mac.

Jobless claims dive while mortgage rates ease again (Reuters)

A broken 'For Sale' sign is seen outside a home in the Queens borough of New York, November 21, 2008. (Shannon Stapleton/Reuters)Reuters - U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market.