Thu, 04 Dec 2008 00:43:17 GMT

Lobbyists are pushing the Treasury Department to consider a plan to purchase mortgage-backed securities in the hopes of driving mortgage rates to as low as 4.5%, an industry source said.

Wed, 03 Dec 2008 15:23:25 GMT

Shares of U.S. financial stocks reverse early losses as data show mortgage refinancing applications rose sharply, suggesting capital may be flowing better to homeowners and providing some support for weak home prices.

Mon, 01 Dec 2008 21:22:57 GMT

The Reserve Bank board is expected to cut interest rates by 1 percentage point today and to follow up with a series of aggressive cuts that will take home mortgage rates to their lowest level since Robert Menzies was prime minister.