Mortgage and Financial News From 2007-10-21 Page 5

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  • Government nod for EPF interest rate (The Hindu)

    Interest rate for 2006-07 to be retained at the previous year’s level of 8.5%
    2007-10-21 02:50:54
  • Do not rely on interest rate cuts (FT.com via Yahoo! News)

    Probably the biggest macroeconomic danger the world economy faces over the next two years is a rise in inflation. The problem is not inflation as such, undesirable as it may be, but the wider economic consequences of a rise in inflation under a regime of inflation-targeting central banks. A rise in inflation would trigger global interest rate increases, and this in turn could mark the beginning ...
    2007-10-21 11:20:14
  • Keep your emergency money where you can withdraw it readily

    St. Louis Post-Dispatch - At the top of the website, click on the link for "Compare rates." Under "CDs and Savings," select the option for money market ... And in case you don't know, your emergency fund should include not just your rent or mortgage payment but any expenses for ...
    2007-10-21 02:58:00
  • It's your call

    Winnipeg Free Press - ... expenses, such as car loans, mortgages and holidays, it's difficult to compare ... be talked about in the same breath as what you spend on groceries and your mortgage ... are "way higher" than they ought to be, particularly when you look at the rates ...
    2007-10-21 12:50:00
  • The 30-year solution to sensibly buying a house

    St. Louis Post-Dispatch - Last week, I pointed out that paying off a mortgage early was not a good decision when interest rates are low, a position that ... How does that compare to a $200,000 15-year mortgage at 5.75 percent? The 30-year mortgage is more than $400 ...
    2007-10-21 01:18:00
  • Leaders' debate comes to an end

    Australian Broadcasting Corp. - How can we thank The Liberal government for all the prosperity while good and decent people are left homeless because of the alarming rise in rates under their leadership. Why would we thank Howard for stripping the rights of Aussies in the work force ...
    2007-10-21 11:12:00
  • N.H. Toll Hike Begins Monday (WCVB Boston)


    2007-10-21 07:01:52
  • Western rents rising amid home-buying slump

    Inland Valley Daily Bulletin - could qualify for a mortgage are holding off on buying a home because they're worried about real estate prices falling even further. Hundreds of thousands of borrowers are expected to lose their homes during the next two years as their ...
    2007-10-21 12:53:00
  • Europe Feels Housing Chill

    Wall Street Journal - ... it was all, 'no problem,' but now they're making us jump through hoops," said Iciar Caro, a 29-year-old school psychologist in Spain who can't find a bank to give her a mortgage on a €236,000 ($337,000) house in a northern suburb of Madrid. Home ...
    2007-10-21 03:16:00
  • UPDATE 3-Crisis was "accident waiting to happen"-Greenspan

    Reuters - But the former Fed chief said it was low long-term interest rates set in financial markets that pushed down mortgage costs and encouraged home buying. "Central banks around the world have essentially lost control over the markets beyond maybe three ...
    2007-10-21 03:16:00
  • Setting the stage

    Baltimore Sun - Many investors are overextended with mortgage payments, and there are million-dollar houses that are sitting empty. If you're trying to sell a home faster, then perhaps [staging] is something worth trying." Abe Soumah of MIH Management in Gambrills is ...
    2007-10-21 04:13:00
  • Greenspan warns of growing US debt risk

    Earthtimes - He pointed to this year's meltdown in the US home mortgage sub- prime market as evidence of the danger from overextended credit. Households and businesses in the United States are piling up debt more quickly than assets, Greenspan said, calling the ...
    2007-10-21 03:30:00
  • Super-SIV Could Be Super Flop For Market It Is Meant to Help

    Wall Street Journal - Morgan Chase and Bank of America unveiled it last Monday. It turns out that there is no easy way to drum up guarantees for a boatload of hard-to-price mortgage bonds and collateralized debt obligations, which are backed by pools of mortgage and other ...
    2007-10-21 03:37:00
  • Mortgage fraud victims deserve our help

    Minneapolis Star Tribune - The stories of mortgage fraud victims can bring tears to your eyes. There is the man with six children who lost his family's home on his wedding day after being snared in a "foreclosure rescue" scam. There is the hard-working single mom with five ...
    2007-10-21 01:50:00
  • Subprime crisis forces McMansions to take McBreather

    MSN MoneyCentral - Many of the people at the high end are CEO's and entrepreneurs who are used to getting what they want," said Bill McNamee, president of Pinnacle Home Mortgage, a mortgage broker focused on Chicago area high-end homes. "They don't like being ...
    2007-10-21 01:07:00