Mortgage Rates, Dell Recall
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Metro Atlantaâs best home mortgage rates continue to hold at historic 30-year lows this week. After being grounded last week, the airlines are raising fares again to cover escalating fuel costs.
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October 8, 2004 - Dell Inc. is recalling about 2.9 million AC adapters nationwide_ 4.4 million worldwide_ used with notebook personal computers because they can overheat and cause a fire and electrical shock
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Investor's Business Daily - Average 30-year rates dipped to 6.67% from 6.69% from the week prior, Freddie Mac said, citing slower home sales. Average 15-year rates fell to 6.34% from 6.37%, while one-year ARMs fell to 5.65% from 6.37%. It&#39;s the second week of declines after a month of increases. Rates remain below year-ago levels.
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Mortgage rates just got lower. Get 4 quotes in two minutes. Any credit welcome, no turn downs. Take advantage of these low rates. Refinance today and save!
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Dell Inc. DELL.O on Friday said the   number of batteries recalled has increased to approximately 4.2   million units from 4.1 million.
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Plus: HP profit gains on cost cuts, cheaper components...Dell execs skewed numbers to meet earnings targets...Applied Materials posts lower quarterly profit.
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Interest rates on US 30-year and 15-year mortgages have moved lower following last week&#39;s disappointing jobs report that suggested economic growth had slowed, mortgage finance company Freddie Mac said on Thursday.
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US stocks fell sharply on Tuesday, hurt by retail and housing sector earnings warnings. Financials were roiled by more bad news from the subprime mortgage market.
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Yesterday's release by Dell Computer of very preliminary earnings numbers for its previous fiscal quarter may give investors at least a handful of data to help them understand the turmoil from which it may be recovering...if it is recovering. The company doesn't appear to be hemorrhaging, and there seems to be at least some good news. But it's hard not to keep seeing question marks and unresolved issues.
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(InfoWorld) - Dell told government regulators on Monday that it cannot file a financial statement for its 401(k) plan, as the company continues to struggle with an investigation of its accounting practices. Dell hasÂ missed the deadlines for filingÂ its past three quarterly earnings reports, called Form 10-Qs, and its annual report, Form 10-K. That has earned it a series of warnings that the Nasdaq stock exchange may stop trading Dell securities. The company's trouble started last year when the U.S. Securities and Exchange Commission began an investigation into Dell's accounting practices. The U.S. Attorney for the Southern District of New York has launched a similar effort. To comply with investigators' demands, Dell initiated an internal audit, which has already foundÂ evidence of misconduct and accounting errors. As long as those investigations continue, Dell says its earnings reports will be only preliminary, not officially audited. The company has not yet decided whether it will have to restate past figures, but said in June it was nearing the end of its internal inspection. In the meantime, the company's results continue to sour, as Dell falls farther behind rival Hewlett-Packard in market share. In an effort to recapture profit, DellÂ announced deep layoffs in May, cutting 10 percent of its 88,100 jobs. The latest form Dell missed is for a financial statement called Form 11-k, describing the status of the 401(k) retirement savings plan for Dell Inc. and for Dell Financial Services LP. The company declined to file it because of the ongoing investigation, the same reason it gave for missed deadlines to file recent quarterly earnings reports, said Dell spokesman Bob Pearson. Dell missed the deadline "due to the questions raised in connection with the independent investigation being conducted by the Audit Committee of the company's Board of Directors," the company said in an SEC filing submitted Monday. "Management is committed to resolving the issues raised in connection with the investigation, and is working diligently to file the delayed reports as soon as possible," Dell said. Â
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Investor's Business Daily - The Mortgage Bankers Association&#39;s applications index rose a seasonally adjusted 1.3% to 622.9 in the week ended Aug. 31, but multiple applications and refilings caused by recent credit problems may have played a role. Activity could slow on higher interest rates. The MBA said a dearth of demand for short-term loans sent 1-year ARM rates to 6.52%, near week-ago levels but well above longer-term rates. Average 30-year mortgages edged up to 6.42% from 6.41%. ARMs made up just 12.6% of applications in the week, down from more than 30% just a few weeks ago.
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The market ends the week in the red.Plus: Dell's Q4 profits fumble.... IBM answers phones.... and more.
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Investor's Business Daily - The average 30-year fixed rate fell to 6.31% vs. 6.46% the week prior, while average 15-year rates dipped to 5.97% from 6.31%. One-year ARMs fell to 5.66% from 5.74%, Freddie Mac said. The government-sponsored lender said the dip could &quot;give some relief&quot; to borrowers looking to refinance loans or buy a home.
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Interest rates on U.S. 30- and 15-year mortgages fell this week to their lowest levels since early April as the housing market showed little sign of slowing despite the Federal Reserve's move to raise interest rates, mortgage finance company Freddie Mac said on Thursday.
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NEW YORK - New applications for US home loans dropped more than 9 percent last week even as average 30-year mortgage rates also eased from the previous week, an industry group said on Wednesday.
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Rates on 30-year and 15-year mortgages dipped this week. Rates on 30-year, fixed-rate mortgages averaged 5.74 percent, mortgage giant Freddie Mac said in its weekly survey released Thursday.
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Interest rates on U.S. 30- and  15-year mortgages fell for a third straight week, mortgage  finance company Freddie Mac said on Thursday.