Mortgage and Financial News From 2007-10-7 Page 16
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European Government Bonds May Rise on Interest-Rate Outlook
Bloomberg - Oct. 5 (Bloomberg) -- European government bonds may advance on speculation that signs of slowing economic growth in the euro-region will prevent policy makers from raising interest rates this year. Two-year German notes rose the most in almost a ...
2007-10-04 11:36:00 -
MARY CHIND/THE REGISTER
Des Moines Register - A home equity loan helped provide some needed tax deductions. After spending money on home improvements and new appliances, her variable-rate interest rose from 3.99 percent to 8.5 percent. Losing her job has put her on the brink of losing her house ...
2007-10-07 01:56:00 -
Harper Uses Election Threat as Political Wedge
The Ledger - The Bank of Canada key interest rate remains at4.5 percent while the prime lending rate is 6.25 percent. Stock markets were higher, with the Toronto index at 14,233 points and the TSX Venture Exchange 2,857 points. Lotto 6-49: (Wednesday) 3, 17, 18, 24 ...
2007-10-07 02:54:00 -
AP Business NewsBrief at 4:43 a.m. EDT
CNBC - NEW YORK (AP) _ Although the prospects for a late October interest rate cut have dimmed, the chances for a yearend stock rally still seem quite good. Investors have been feeling more confident since the Federal Reserve cut rates a half percentage ...
2007-10-07 01:42:00 -
Unexpected cards irk customers
Boston Globe - To make matters worse, the interest rate on Gold's new MasterCard was just over 16 percent, four percentage points above the rate on his current Citi MasterCard. "Makes for a sort of double/triple whammy, don't you think?" he said. Bruce Mohl can be ...
2007-10-07 12:52:00 -
As hedge against inflation, safest investments are Tips
San Francisco Gate - Often called Tips, they pay a fixed interest rate plus a variable rate tied to the Consumer Price Index. The variable portion is not paid out, but is added to principal. Investors don't get it until they cash in their bond, but they owe tax on it as ...
2007-10-07 01:49:00 -
Interest rate cut buoys investors, stock analysts
Akron Beacon Journal - NEW YORK: The sugar rush that the Federal Reserve gave the stock market with a larger-than-expected interest rate cut surely has gone to investors' heads. It's time for a reality check. Share purchasers seem to be betting that most of the bad news ...
2007-10-06 10:43:00 -
Some finance experts come to defense of ARMs
Detroit Free Press - An adjustable-rate mortgage usually starts with a low, teaser interest rate that remains fixed for a specific period. The hope for homeowners is that they will refinance into conventional fixed-rate mortgages -- or sell their properties -- before ...
2007-10-06 11:55:00 -
Interest rate cut buoys investors, stock analysts (Akron Beacon Journal)
NEW YORK: The sugar rush that the Federal Reserve gave the stock market with a larger-than-expected interest rate cut surely has gone to investors' heads. It's time for a reality check.
2007-10-06 11:12:57 -
Interest rate cut not likely in Oct. (Akron Beacon Journal)
NEW YORK: Although the prospects for a late October interest rate cut have dimmed, the chances for a year-end stock rally still seem quite good.
2007-10-06 11:12:46 -
Utah housing: Braking, not broke
Salt Lake Tribune - Mortgage rates remain attractive, and unemployment in Utah is virtually nonexistent. But responding to the rise in defaults from ... with the builder can save money, but don't automatically go this route. Get at least two other rate quotes. Compare APRs ...
2007-10-05 05:58:00 -
Home equity loans are becoming tougher to find
Daily Oklahoman - Spears and her mortgage company agreed in May to hold off on a home equity loan until ... Traditionally, there are fewer home equity loans when interest rates fall, said ... Homeowners, Bell said, should be sure to compare the after-tax cost of the interest ...
2007-10-06 08:34:00 -
Longing for this second home?
Charlotte.com - ... will be competitive with the going rates for a 30-year fixed mortgage. As of Thursday, that rate was 6.05 percent, according to Bankrate.com. Your developer might offer its own financing. Vail recommended getting at least two other quotes and compare ...
2007-10-06 11:33:00 -
When builder is also a lender, be sure to comparison shop
Orlando Sentinel - ... the builder-lender, but at least two other sources -- perhaps a broker who has his fingers on the market and deals with several funding lenders, and a bank or mortgage company that will fund the loan itself. Then compare them -- not just the rates ...
2007-10-07 01:06:00 -
Utah housing: Braking, not broke (The Salt Lake Tribune)
At first, it looked as though Utah's homebuilders would be able to avoid the sharp downturn in new-home construction that followed the nation's subprime-lending debacle.
2007-10-06 11:08:40