Mortgage and Financial News From 2008-1-5 Page 2

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  • Finding room in our ongoing property boom - The Canberra Times

    Finding room in our ongoing property boomThe Canberra Times, Australia - 9 hours agoAs a result even further interest rate rises are unlikely to deter the public service buyers. Some may fear that the US sub-prime loan crisis will go beyond ...
    2008-01-05 02:30:24

  • Currency buffer stock to meet contingencies-Cabraal - Sunday Leader (subscription)

    Currency buffer stock to meet contingencies-CabraalSunday Leader (subscription), Sri Lanka - 8 hours agoThis has resulted in high government borrowing, complemented by profligate spending, a key reason for the high inflationary and high interest rate scenario ...
    2008-01-05 03:27:59

  • The Jucie Blog Top Releases of 2007 (Scott's Picks) - Baseball Toaster

    The Jucie Blog Top Releases of 2007 (Scott's Picks)Baseball Toaster, CA - 8 hours agoI compare him to Elton John in his prime, as he doesn't look the part, but he can sing in about any type of genre and make it a standout. ...
    2008-01-05 03:29:01

  • Property trusts: is it time to go contrarian? - Telegraph.co.uk

    Property trusts: is it time to go contrarian?Telegraph.co.uk, United Kingdom - 7 hours agoInterest rate cuts leave the bottom of their capital values not far away - in terms of either time or price." He adds: "Buyers who return to the market are ...
    2008-01-05 04:11:45

  • The Major flaw in Brown's new direction - Telegraph.co.uk

    The Major flaw in Brown's new directionTelegraph.co.uk, United Kingdom - 7 hours agoDespite a recession, John Major received more votes in 1992 than any prime minister before or since. Ignoring the risk of treating those 14 million ballots ...
    2008-01-05 04:12:35

  • Interest rates have been hijacked by politics - Telegraph.co.uk

    Interest rates have been hijacked by politicsTelegraph.co.uk, United Kingdom - 6 hours agoHaving cut interest rates to 5.5 per cent in December, the Monetary Policy Committee is this month expected to keep borrowing costs on hold. ...
    2008-01-05 05:17:43

  • Snows blanket Atlantic Canada - St. Petersburg Times

    Snows blanket Atlantic CanadaSt. Petersburg Times, FL - 1 hour agoThe Bank of Canada's key interest rate is steady at 4.25 percent while the prime lending rate is 6 percent. Canadian stock markets are higher, ...
    2008-01-05 10:18:22

  • ‘UPA policies destroying aam aadmi ’ - The Statesman

    ‘UPA policies destroying aam aadmi ’The Statesman, India - 52 minutes agoYour party has accepted Mr Lal Krishna Advani as the prime ministerial candidate of the NDA. Is this not a contradiction? You have ruled out any impact of ...
    2008-01-05 10:48:00

  • Will French: My business week (Independent)

    It seems to me that some of the high-street lenders are revealing their level of exposure to the credit crunch by what they do with interest rates. Last month the Halifax, Nationwide and Abbey promptly lowered their standard variable rate by 0.25 per cent (as normally expected after a Bank of England base rate cut). However, some of the smaller lenders have still failed to act.
    2008-01-05 04:20:36

  • Interest rates have been hijacked by politics (Daily Telegraph)

    The Bank of England faces another tough decision on Thursday. Having cut interest rates to 5.5 per cent in December, the Monetary Policy Committee is this month expected to keep borrowing costs on hold.
    2008-01-05 05:46:49

  • Housing pressures to 'continue in 2008' (Whyalla News)

    The pressures impacting on housing affordability, especially for first home buyers, are likely to worsen in 2008, the Real Estate Institute of Australia (REIA) warns.
    2008-01-05 05:48:53

  • Tackle that holiday debt now, not later (The Star-Ledger)

    It's January, and suddenly all the crazy spending you did in December hits home when the credit-card statements start showing up, and you find yourself sweating bullets in the dead of winter over the size of your balance. Talk about a painful hangover.
    2008-01-05 09:56:09

  • Dont put all the blame for subprime mortgage crisis on the borrowers

    Kansas City Star - The got people to refinance old ones. Gullible borrowers were blown away by lenders — of all people — who told them they could afford homes or could consolidate old debt by borrowing against the equity in their homes. They trusted these loan ...
    2008-01-04 03:53:00

  • New real estate year starts with a tale of San Francisco's two cities

    San Francisco Gate - Now (many sellers) have no equity to refinance, so they have to sell," said Wilko, who says the added number of foreclosed properties in these areas isn't helping the market. "The banks are not wasting any time reducing prices until the houses sell." ...
    2008-01-04 03:53:00

  • Asia markets drop on global economic growth concerns

    Gulf Times - Centro Properties Group, the Australian owner of 700 US shopping malls, put itself up for sale to refinance A$3.9bn ($3.4bn) of debt. The collapse of the US subprime mortgage market has pushed the cost of credit higher, while sales of US retail ...
    2008-01-05 03:59:00

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