Mortgage and Financial News From 2007-12-16 Page 12
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Two Options to Fight Off Inflation
Washington Post - ... remains what it was at the time of purchase, but the twice-a-year interest rate is adjusted to reflect inflation. For instance, if the current ... percent, you'd be earning about 6.71 percent on that money for the current six-month period. I Bond rates ...
2007-12-16 07:26:00 -
Enthusiastic, empty-handed
Baltimore Sun - Sterling Clifford, Mayor Sheila Dixon's spokesman, said the city's Board of Public Works based the size of its order of bins on current recycling rates. He called the response a sign of the program's success. "Already the interest in single-stream ...
2007-12-16 03:08:00 -
Internet subtracts banks from lending equation
New Straits Times - Interest rates for investors are higher than those at typical savings accounts or bank certificates of deposit. Meanwhile, rates are bargains for borrowers in comparison to those at credit card companies or institutional lenders. Peer-to-peer lending ...
2007-12-16 07:40:00 -
Mbeki wants SA interest rates to come down
SABC - Government is concerned about the increasing interest rates charged by banks to borrowers. Speaking at the ANC's 52nd National conference underway in Polokwane, President Thabo Mbeki says although current interest rates are lower than levels ...
2007-12-16 06:00:00 -
Rates warning over tax cuts
News.com.au - It says the new Labor Government should reduce pressure on interest rates by using its first Budget to take an axe to public sector spending. "Under current circumstances, a simple equation applies: tax cuts equal interest rate rises," the report says
2007-12-16 07:40:00 -
Rate freeze will affect few homeowners (The Clarion-Ledger)
State and local housing officials say President Bush's recent decision to freeze subprime mortgage interest rates is a worthy idea but won't solve the nation's housing woes on its own.
2007-12-16 01:07:11 -
Record job vacancies to force up rates (Queanbeyan Age)
Job vacancies have reached a record high, fuelling speculation of another interest rate rise. The unemployment rate is tipped to fall to a fresh historic low as bosses struggle to keep young and restless workers seeking to cash in on the commodities bonanza.
2007-12-15 10:57:37 -
Wall Street indexes fall as inflation worries weigh (Washington Post)
NEW YORK (Reuters) - Stocks swooned on Friday on concerns that surging inflation may prevent the Federal Reserve from lowering interest rates enough to pull the economy out of the grip of a housing and credit crisis.
2007-12-15 07:32:25 -
Rates warning over tax cuts (Herald Sun)
TAX cuts due next July could put pressure on inflation, forcing more interest rate rises, an economic forecaster has warned.
2007-12-16 05:00:00 -
BIG JOE CLARK: Since when does the Fed care about Libor? (The Herald Bulletin)
This past week the Federal Reserve’s Open market Committee (FOMC) met to assess current economic conditions and determine what actions are needed to take with regards to money supply and interest rates.
2007-12-15 06:40:45 -
Mbeki wants SA interest rates to come down (SABC News)
Government is concerned about the increasing interest rates charged by banks to borrowers.
2007-12-16 06:12:09 -
Top fund wins bets on Sears, Countrywide
Seattle Times - ... Fund, profited from a $477 million bet against Countrywide Financial and Sears Holdings as the housing bust hurt mortgage and home ... and thrifts from real-estate woes would benefit Countrywide, and CGM funds acquired a 9.6 percent stake in the lender. ...
2007-12-16 12:16:00 -
Ditch bank, get your own escrow account
Columbus Dispatch - To avoid another shock, homeowners should contact their mortgage bank now and talk to someone in the escrow department. Fax the lender a copy of the home's new value. The bank representative should be able to estimate the new monthly payment, which ...
2007-12-16 04:34:00 -
Report card on Gordon Brown's policy issues
Daily Telegraph - The most visible British symbol of this is the collapse of Northern Rock, Britain's fifth biggest mortgage lender, just a few ... Home Affairs What has happened: Within his first days at No 10 Mr Brown faced failed terrorist attacks in London and ...
2007-12-16 02:25:00 -
Have contingency when selling home
News-Democrat - Have contingency when selling home Q. We found a historical log cabin home that we put an offer on. We ... the buyer arrange bridge financing to purchase your property? • What has been done by the buyer's lender to qualify the buyer for the mortgage ...
2007-12-16 02:32:00