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Mortgage Applications Surge On Low Rates - 13 hours ago - Washington, DC AHN - Mortgage applications surged for the week ending Nov. 28 as rates for home loans made their biggest weekly drop on record due to the latest government lending and mortgage asset buying programs. The Mortgage Bankers 0133 : All Headline News

Bank rescue plans bolstered - 13 hours ago - LONDON Reuters - The government is to strengthen the regulation of its banking system by giving the Bank of England powers to step in as soon as a bank begins to show signs of financial trouble. But the annual Queen's Speech which sets 0133 : Reuters UK

U.S. Eyes Plan to Lift Home Sales - 5 hours ago - WASHINGTON The Treasury Department is considering a plan to revitalize the U.S. home market that would push down mortgage rates for home loans, according to people familiar with the matter. The plan, which is in the development stage, 0133 : Wall Street Journal

U.S. working on affordable mortgage plan sources - 6 hours ago - WASHINGTON Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan 0133 : Washington Post

Capital One to Acquire Chevy Chase Bank - 1 hour ago - Capital One , a leading credit card company, plans to announce today that it will buy Chevy Chase Bank , a landmark Washington financial firm with branches throughout the region, according to sources familiar with the matter. The deal would 0133 : Washington Post

Fixed-rate trap snares 43,000 home owners - 7 hours ago - Like all gambles there are winners and losers, says Chris Zinn from Choice. MORE than 40,000 unlucky people have been caught out in a fixed mortgage rate trap, having taken out their loan at the highest fixed interest rates in a decade, 0133 : Sydney Morning Herald

UPDATE 1-US working on affordable mortgage plan-sources - 6 hours ago - WASHINGTON, Dec 3 Reuters - The U.S. Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on a 30-year mortgage by making fresh investments in those assets, sources familiar with the plan 0133 : Reuters

Housing market looks good - 2 hours ago - Minot's housing market is healthy and growing modestly, according to an independent real-estate market forecaster. Housing Predictor forecasts Minot will end the year with a 3.5 percent increase in sales prices, which is a good showing 0133 : Minot Daily News