Subprime Mortgage-Based Index Hits Record Low (Nasdaq)
NEW YORK-(Dow Jones)- A closely watched index based on subprime mortgages hit a record low Thursday as investors mulled reports on the poor performance of the home loans underlying the index.

30-year mortgage rates higher (The Record)
WASHINGTON -- Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.42 percent this week, up from 6.34 percent last week.

US Issuance Of 'Safe' Mortgage Product Plunges To Record Low (Nasdaq)
NEW YORK -(Dow Jones)- In the structured finance markets, lack of demand isn't always about credit risk. Take collateralized mortgage obligations, or CMOs.

Dollar Set for Weekly Gain; U.S. Payrolls May Dim Rate-Cut Odds (Bloomberg.com)
Oct. 5 (Bloomberg) -- The dollar headed for the first weekly gain versus the euro since August on speculation a U.S. government report will show hiring rebounded, weakening the Federal Reserve's case for further interest-rate cuts.

Five Things You Need to Know: E "Wait and" CB Holds Rates Steady; Bush Urged to Appoint Mortgage Czar (Minyanville via Yahoo! Finance)
The European Central Bank held its benchmark interest rate steady at 4%.