Rates below 6% on some mortgages signals good time to refinance

Date: Wed, 09 Jan 2008 22:06:08 (GMT)
Rates below 6% on some mortgages signals good time to refinance

BOSTON
Greg McBride, senior financial analyst for Bankrate.com, says interest
rates on home loans have fallen by roughly half a percentage point since
Christmas as lenders have taken a dour outlook on the economy and
projected it forward.

Futures Movers: Crude down on concerns U.S. may fall into recession

SAN FRANCISCO
Crude-oil futures ended Wednesday's volatile session modestly lower as
worries about a possible U.S. recession outweighed an eighth week of
declining U.S. crude inventories.

Market Snapshot: U.S. stocks close with strong gains on bargain-buying
binge

U.S. stocks bounce around, lifted in part by an upbeat forecast from
DuPont but tempered by a recession forecast from Goldman Sachs.

Alcoa to kick off downbeat round of earnings reports

SAN FRANCISCO
Get ready for a roller-coaster of an earnings season.

The Fed: Investment professionals blew it, Fed's Poole says

WASHINGTON
Investment professionals' "shortsightedness" led them to make
fundamental errors that led to the mortgage crisis and credit meltdown,
St. Louis Federal Reserve President William Poole said Wednesday.