Mortgage and Financial News From 2008-2-18 Page 21
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Pound slides as Northern Rock nationalisation weighs
International Herald Tribune - The news that the government plans to take Northern Rock into public ownership added to investor concerns about the UK financial sector, encouraging speculation that interest rates are set to fall further from the current 5.25 percent. This ...
2008-02-18 01:16:00 -
Of mutual interest: Investors who fled mull timing of return (Aspen Daily News)
Lloyd Philip doesn't trust this market and isn't making any long-term bets because he sees Wall Street's list of worries as simply too long.
2008-02-18 03:13:06 -
Equity share can help close gap for homebuyers (North Bay Business Journal)
People still want to buy homes, but the subprime mortgage meltdown, tighter credit rules and rising ARM rates are keeping many buyers out of the market. Stringent borrowing criteria are preventing many would-be homeowners from qualifying for fixed-rate loans.
2008-02-18 03:27:56 -
Even as Sonoma County economy slows, it is expected to create jobs (North Bay Business Journal)
SONOMA COUNTY – Sonoma County already is in a mild economic downturn, but the slowing is likely to be short-lived and will happen amid continued job growth, constituting a so-called “growth recession,” according to Dr. Robert Eyler, an economist and head of the Center for Regional Economic Analysis at Sonoma State University.
2008-02-18 03:28:56 -
FOREX-Profit taking boosts dollar, maybe not for long (Reuters via Yahoo! Singapore News)
LONDON, Feb 18 - The dollar recovered in trade thinned by a U.S. market holiday on Monday, as investors locked in profits following the currency's worst weekly performance of the year so far.
2008-02-18 03:36:02 -
Would property tax plan hurt local government's building efforts? (The Star Press)
Gov. Mitch Daniels' property tax reform plan promises to lower taxes but could have a costly unintended consequence: lower municipal bond ratings, which mean higher interest rates that boost the cost of building schools and other taxpayer-funded projects.
2008-02-18 03:37:52 -
Comarco Adds High-Speed Uplink Packet Access (HSUPA) Testing Support Capability (PR Newswire via Yahoo! Finance)
Comarco, Inc. , an industry-leading supplier of wireless test systems for field applications and network performance optimization, today announced that it has added High-Speed Uplink Packet Access support to its evolving Symphony range of products.
2008-02-18 04:00:00 -
Budget 2008 keenly anticipated (News 24 South Africa)
Trevor Manuel's Budget speech is even more keenly anticipated this year in view of the electricity crisis and its anticipated negative impact on the economy.
2008-02-18 04:11:17 -
Maybank Offers Singaporeans Lowest 3-year Fixed Rate Home Loan Package (Malaysian National News Agency (BERNAMA))
SINGAPORE, Feb 18 (Bernama) -- Maybank today launched the lowest 3-year fixed rate home loan package for Singaporeans which offers an attractive interest rate of 1.68 per cent per annum for the first year.
2008-02-18 04:44:11 -
Asian markets mixed in morning (CNN Money)
Nikkei inches up, Hang Seng sinks on worries about tightening in China. BANGKOK, Thailand (AP) -- Asian markets were mixed Monday as Japanese stocks inched higher and Hong Kong shares sank amid concerns about further tightening measures in mainland China.
2008-02-18 04:57:04 -
The World Of Home Loans
Best Syndication - There are also other flexible loan programs that are offered buy this may vary from lender to lender. Interest on a home Loan The national mortgage rates also change based on a variety of reasons. For example, the interest rates on the first week of ...
2008-02-17 02:46:00 -
Overpaying is freeing our mortgage chains
This is Money - A homeowner with a £100,000 repayment mortgage would pay about £16 a month less after ... But anyone considering overpaying should query how their lender charges interest. If it is calculated daily - as most lenders now do - home owners benefit from ...
2008-02-18 03:25:00 -
FACTBOX-Facts about UK's Northern Rock
Reuters - Based in Newcastle, in Britain's northeast, Northern Rock is the country's fifth largest mortgage lender, accounting for one in 13 UK home loans. * The bank has just 76 branches and employs just over 6,000 staff. * Before the run on the bank in ...
2008-02-17 11:19:00 -
Find ways to buy foreclosed homes beyond auctions
Baltimore Sun - You might think that it's an especially good time to get a deal on a foreclosed home at an ... In New York and several other states, foreclosure proceedings begin when the lender sues the homeowner for not keeping up with the mortgage payments.
2008-02-18 12:19:00 -
Tax Breaks for Buying a Home
Washington Post - You can deduct interest on up to $1 million of debt used to acquire your home. Your lender will send you Form 1098 in January listing the mortgage interest you paid during the previous year. That is the amount you deduct on Schedule A. Be sure the ...
2008-02-16 09:21:00