Mortgage and Financial News From 2008-7-10 Page 15

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  • The Times Monetary Policy Committee: 'No room for manoeuvre on ... - Times Online

    The Bank of England should spurn calls for action today to shore-up the faltering economy and keep interest rates on hold in a show of its determination to quell soaring inflation, The Times Monetary Policy Committee recommends this morning. Despite ...
    2008-07-10 04:13:00

  • Bank of England Keeps Benchmark Interest Rate at 5% (Update1) - Bloomberg

    July 10 (Bloomberg) -- The Bank of England kept the benchmark interest rate unchanged as policy makers weighed the threat of Britain's first recession in a generation against the risk of accelerating inflation. The nine-member Monetary Policy ...
    2008-07-10 05:18:00

  • UK house prices 'fell 2% in June' - BBC News

    The drop meant that prices were 6.1% lower than a year ago, with the average home costing £180,344. The lender said that average house prices were now at the same level as in August 2006. But it said that strong employment levels and low interest ...
    2008-07-10 04:13:00

  • Most Canadians back boost to education, poll finds - Globe and Mail

    I'm highly educated. Capable of critical thought. Master of broken sentences. Go to school. Joseph Whistle from Canada writes: Education really is absolutely critical. There are a lot of dead end towns in Canada with lots of people without any goals ...
    2008-07-10 03:16:00

  • Rates on two-year fixed mortgage deals hit eight-year high - Guardian Unlimited

    Interest rates on two-year fixed-rate mortgages have risen to their highest level for more than eight years as the credit crunch continues to force up the price of buying a home. Data from the Bank of England shows that the average two-year fixed ...
    2008-07-09 09:44:00

  • BofA CEO: Economy to begin turnaround in mid-2009 - Atlanta Business Chronicle

    BofA's Lewis: Economy to begin turnaround in mid-2009 [Baltimore] BofA CEO Lewis: Economy to begin turnaround in mid-2009 [East Bay] BofA seeks to sell Concord tech center for about $200M [San Francisco] Mortgage broker struggling to make ends meet ...
    2008-07-10 06:36:00

  • U.S. Bank Buys Stall on Housing Slump, Loan Defaults (Update1) - Bloomberg

    July 10 (Bloomberg) -- U.S. banks are merging at the slowest pace in at least 15 years as the mortgage-market collapse depletes capital and makes lenders wary of buying firms saddled with bad loans. Banks announced 67 takeovers this year through June ...
    2008-07-10 06:51:00

  • The wrong way - Guardian Unlimited

    The Bank of England's monetary policy committee announces its interest rate decision at midday today. The market expects no change to the current rate of 5%, but you never know. But, for those looking for a home loan, the announcement is only of ...
    2008-07-10 03:52:00

  • House prices fall by £20,000 in a year - but no relief for homeowners as interest rates are held at 5% (Evening Standard)

    Homeowners faced fresh woe today as it was revealed house prices have fallen by £20,000 in the past year and the Bank of England decided to hold interest rates.
    2008-07-10 06:35:17

  • U.S. Mulls Future of Fannie, Freddie - Wall Street Journal

    The Bush administration has held talks about what to do in the event mortgage giants Fannie Mae and Freddie Mac falter, according to three people familiar with the matter, as the stock prices of both companies continue to fall sharply. These ...
    2008-07-10 06:29:00

  • Britain keeps rates steady - CNN Money

    LONDON (AP) -- The Bank of England kept official interest rates unchanged at 5% on Thursday, confirming expectations that policymakers are currently more concerned about surging inflation than the slowing domestic economy. Economists have suggested ...
    2008-07-10 05:25:00

  • Britain Leaves Rates Unchanged (NYTimes.com via Yahoo! Finance)

    Seeking to maneuver between accelerating inflation and a slowing economy, The Bank of England left its main interest rate target at 5 percent on Thursday.
    2008-07-10 06:37:24

  • Financially Literate Teens (Washington Post)

    Kids generally get a bad rap when it comes to their knowledge of personal finance. In the 2008 survey of high school seniors by the Jump$tart Coalition for Personal Financial Literacy, the average score was 48%, down from 52% in 2006.
    2008-07-10 06:43:24

  • Gold Jumps to One-Week High as Oil Struggles, European Equities Sink; US Jobless Claims & Foreclosures Rising (GoldSeek.com)

    THE PRICE OF GOLD leapt 1% to a one-week high at the US opening on Thursday while oil prices struggled near $136 per barrel and European stock markets caught up with the S&P's latest 2% drop.
    2008-07-10 06:49:44

  • News briefly (Carver Reporter)

    News and events in and around Carver
    2008-07-10 07:03:20

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