Mortgage and Financial News From 2008-7-10 Page 11

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  • House prices fall 6.1% over year - Croydon Guardian

    House prices are falling at their fastest rate since the 1990s' house price crash, losing 6.1% of their value during the past year, Britain's biggest mortgage lender said. The average property price dropped by 2% during June, following a slide of 2.5 ...
    2008-07-10 11:37:00

  • Poor mortgage choice costs £18,000 - MyFinances.co.uk

    Not shopping around for a mortgage can cost homeowners £18,000, a new report finds. With some 1.4 million homeowners due to come to the end of a fixed-rate deal by the end of the year, according to the Council of Mortgage Lenders (CML), a large ...
    2008-07-10 09:21:00

  • Fannie, Freddie stocks and bonds plummet - Guardian Unlimited

    Shares in both companies have plunged throughout the week and on Thursday hit their lowest since 1991, severely limiting their ability to raise the capital they will need to purchase home loans and hold down mortgage rates.
    2008-07-10 10:33:00

  • Interest rates: BoE's next move will be a cut - Daily Telegraph

    What is more remarkable than the fact that the Bank of England left interest rates on hold today, is the fact that the markets are still pricing in a 50-50 chance that it lifts borrowing costs before the end of the year. BoE Governor Mervyn King ...
    2008-07-10 10:18:00

  • No relief for homeowners as interest rates stay at 5 per cent - Daily Telegraph

    There is no respite for cash-strapped homeowners following the Bank of England's decision to keep rates on hold at 5 per cent. By Myra Butterworth The decision came just hours after Halifax said house prices had fallen by more than 6 per cent during ...
    2008-07-10 10:25:00

  • U.S. stocks rise as Bernanke soothes investors (Reuters via Yahoo! UK & Ireland News)

    Credit jitters swept global markets on Thursday although U.S. stocks prices pulled out of a swoon that started the prior session after Federal Reserve Chairman Ben Bernanke said officials are focused on stabilizing the financial system.
    2008-07-10 10:35:00

  • "Stagflation" Haunts Global Stock Markets, buoys Gold (Kitco.com)

    In today’s lightning fast and violent markets, where a constant barrage of news and noise flows into the marketplace each day, it’s easy to forget a vital piece of information that was released just a few hours or days earlier.
    2008-07-10 10:36:13

  • Testimony of Treasury Deputy Assistant Secretary for International Tax Affairs Michael F. Mundaca Before the Senate ... (United States Department of the Treasury)

    Washington, DC -- Mr. Chairman, Ranking Member Lugar, and distinguished Members of the Committee, I appreciate the opportunity to appear today to recommend, on behalf of the Administration, favorable action on three tax treaties pending before this Committee.
    2008-07-10 11:32:28

  • D Ravi Kanth: Does the BIS matter? (Business Standard India)

    Does the BIS matter? It was an unhappy gathering of central bankers at the Bank for International Settlements. One could sense the foreboding about things falling apart in the global financial system.
    2008-07-10 11:39:37

  • Story Comments (Business Standard India)

    As the crisis originated in the asset markets, its resolution too will lie in the asset markets.
    2008-07-10 11:39:43

  • ING Direct first to end 40-year mortgages (Toronto Star)

    ING Direct Canada has become the first domestic lender to officially pull the plug on controversial 40-year mortgages following the federal government's surprising decision yesterday to tighten mortgage rules.
    2008-07-10 11:40:20

  • The End of the Boomland Economy (GoldSeek.com)

    *** Why a good cook is indispensable…a suggestion as to how to combat rising food prices…and more!
    2008-07-10 11:49:29

  • Foreclosure rescue clears Hill hurdle - Salon

    The procedural vote of 84-12 put the housing package on track for approval as early as Thursday afternoon. It is far from completed, however, with House leaders planning to rewrite key portions and the White House still threatening a veto. Homeowners ...
    2008-07-10 07:55:00

  • Free White Paper Offered On Business Credit Mistakes - PR Inside

    2008-07-10 16:43:59 - A white paper is being offered on how to avoid the 10 biggest mistakes when applying for business credit. The white paper is available as a free download from R & R Finance. 'Getting business credit lines is a critical part of ...
    2008-07-10 07:41:00

  • TLC Puts The Real Back Into Real Estate - Forbes

    LOS ANGELES, July 10 /PRNewswire/ -- TLC today announced that it will premiere two new series that will update the very popular property and decorating genres to reflect the changing real estate market, and the economy at large. Joining its ...
    2008-07-10 09:42:00

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