Mortgage and Financial News From 2008-9-3 Page 13
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1.6bn rescue package for home buyers will not work and may do harm ... - Times Online
Gordon Brown attempted to revive the flagging housing market - and his own political fortunes - yesterday with a £1.6 billion rescue package that included a surprise suspension of stamp duty, but experts said the move was merely “sticking plaster ...
2008-09-02 02:08:00 -
Carney May `Keep the Powder Dry' and Hold Canada's Rate at 3% (Bloomberg.com)
Sept. 3 (Bloomberg) -- The Bank of Canada will likely keep borrowing costs unchanged today as inflation stays above its upper limit, and may express greater concern about an economy that just missed contracting for a second straight quarter.
2008-09-02 10:00:28 -
FEMA’s remapping of flood zones launches scramble for insurance (Journal Inquirer)
Faced with a tight deadline, rising insurance costs, and new maps, officials in local towns are scrambling to get the word out regarding who needs to purchase flood insurance quickly and how much it’s going to cost.
2008-09-02 10:59:27 -
Sun City better off than others, Realtor says (El Paso Times)
EL PASO -- Home price increases in El Paso have decelerated, a federal home-price index shows.
2008-09-02 11:05:28 -
Repossessions soar (St Albans Observer)
AS we revealed on Friday, repossessions are rising across St Albans, with hard-pressed families and couples struggling to meet their mortgage repayments as the economic downturn bites.
2008-09-03 12:44:39 -
How to Get a Mortgage in Today's Market (Paris Beacon)
(ARA) - Whether you're buying your first home or looking for a larger home, now may be the time to act. Not only do interest rates remain relatively low, in many markets you can get much more house for your money than you could just a few years ago.
2008-09-03 12:56:47 -
What To Do If Your Mortgage Application Is Rejected (Investopedia)
Go to any mortgage lending website and you'll see images of smiling families and beautiful homes accompanied by text that makes it sound like lenders are standing by just waiting to help you find the loan that works for you no matter what your situation.
2008-09-03 01:04:24 -
MetLife takes over First Horizon Home Loans (Santa Cruz Sentinel)
A new national brand has appeared on the local mortgage scene. MetLife, the insurance giant based in New York, has taken over First Horizon Home Loans and its office at 2160 41st Ave.
2008-09-03 01:40:15 -
The down payment for your new home: $0 (Las Vegas Sun)
Wed, Sep 3, 2008 (2 a.m.) A Green Valley home with a front courtyard and a bubbling fountain is advertised in the newspaper with 100 percent financing.
2008-09-03 02:13:53 -
Western Asset Variable Rate Strategic Fund Inc. ("GFY") Sets New Rate ... - MSN MoneyCentral
In declaring the new rate, the Fund cited the decrease in net investment income generated by its investment portfolio as a result of the significant decline in interest rates paid by variable rate, shorter-term securities since the beginning of the ...
2008-09-02 02:51:00 -
Carney expected to hold interest rates steady, but could surprise ... - News1130.com
OTTAWA - Until very recently, economists were certain that Bank of Canada governor Mark Carney wouldn't change the central bank's key interest rate on Wednesday. But a suddenly gloomier outlook for the Canadian economy following Friday's surprisingly ...
2008-09-02 03:41:00 -
Economists divided on the next interest rate cut - News.com.au
INTEREST rates have finally started moving lower, but questions emerged yesterday exactly how quickly the Reserve Bank of Australia will deliver further cuts. Bank governor Glenn Stevens warned the nation that "opposing forces" were at large in the ...
2008-09-02 03:05:00 -
Housing slowdown 'not a crisis' - News.com.au
THE dilapidated housing industry will continue its slow demise despite yesterday's cut in interest rates, leading economists believe. But ANZ chief economist Saul Eslake denied housing prices will fall rapidly, as is occurring in the US and Britain ...
2008-09-02 12:20:00 -
Bank of Japan plays waiting game on rates - International Herald Tribune
The Bank of Japan will probably leave interest rates unchanged through its first recession in six years and is unlikely to cut them unless a global financial crisis requires coordinated action from central banks. The central bank has little choice ...
2008-09-01 05:26:00 -
Consumer Reports Names 12 Best and 3 of the Worst Credit Cards - Forbes
YONKERS, N.Y., Sept. 2 /PRNewswire-USNewswire/ -- Consumer Reports analyzed hundreds of credit cards and named a dozen that are worthy of consumers' consideration -- and three to stay away from. Among the best credit cards for low-rate/low-fee are ...
2008-09-02 04:09:00