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National Housing Industry News
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Financial industry pushes for lower mortgage rates
WASHINGTON (AP) -- Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market....
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Schumer says housing `vultures' hurt NYC
NEW YORK (AP) -- At the height of the real estate boom, even drab, rent-controlled apartment houses in the Bronx and Harlem were suddenly fetching Park Avenue prices....
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Mortgage rates fall for 2nd day; won't help all
MIAMI (AP) -- Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven't seen this year....
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National Economic News
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Stocks finish higher despite dismal economic data
NEW YORK (AP) -- Wall Street withstood another stream of bad economic readings Wednesday, closing sharply higher after investors shuttled between pessimism about the recession and hopes that the nation might start seeing relief soon. The major indexes saw big swings throughout the day, but all closed up more than 2 percent, giving the market its second straight advance....
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PGA Tour purses likely to flatten
NEW YORK (AP) -- In golf terms, prize money on the PGA Tour could be going from a birdie to even par - at best....
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Schlumberger, Research in Motion are big movers
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:...
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Fed: Economy darkens heading into holidays
WASHINGTON (AP) -- The country's economic picture has darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production....
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Iran's president concedes economy hurting over oil
TEHRAN, Iran (AP) -- Iran's hard-line president has acknowledged publicly for the first time that his country's economy is taking a severe beating from tumbling oil prices, a damaging admission by a leader whose popularity is eroding ahead of a tough re-election battle next year....
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