Mortgage and Financial News From 2008-3-12 Page 11

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  • ABA says banks not passing on full costs

    News.com.au - Australia's largest commercial banks, all reporting record profits, have lifted their mortgage interest rates higher than the ... sob sob sob, the poor dears - how will they survive! looks like they'll only make ONE trillion dollars profit this ...
    2008-03-12 03:04:00

  • Home loans at zero interest

    Nation - Thailand - Kasikornbank also offers fairgoers zero-interest rate mortgage loans for six months. However, the zero rate is eligible only for purchases of residences from Bangkok Commercial Asset Management.
    2008-03-12 03:47:00

  • Paula Jones: Market news

    The Independent - ... of these mortgages shows no sign of waning, with 52 per cent of those who signed up to a mortgage deal last month opting for a guaranteed interest rate. Mortgage brokerage John Charcol reports that this uptake is unusually high – normally only a ...
    2008-03-12 03:47:00

  • Now's the time to hunt for a vacation home (Money via Yahoo! Finance)

    At the risk of tipping my hand , I'm thinking of buying a second home. Like most of you, I own my primary residence, have no intention of moving soon and am locked into a fixed mortgage at a decent rate.
    2008-03-12 03:25:00

  • Home loans at zero interest (The Nation)

    Exhibition offers stunning rates, but with a catch
    2008-03-12 04:09:58

  • Fed cash deluge sows seeds of future inflation (The Star)

    NEW YORK: The US Federal Reserve has flooded the financial system with money in an effort to lubricate rusty credit markets, but the attempt to shore up banks could translate into big cost increases for consumers.
    2008-03-12 04:15:02

  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-12 04:20:40

  • Stocks Close Lower After Gains Overseas (NYTimes.com via Yahoo! Finance)

    Wall Street fell after overnight gains in Asia and Europe, a day after the Federal Reserve led global central banks in flooding the financial system with liquidity.
    2008-03-12 04:39:05

  • New Matisse Tower sale success example of push to buy over rent in CBD (Queensland Business Review)

    Rising rental costs have played a beneficial part in the presale of commercial floor space in Artisan Property Partner’s new Matisse Tower, with 70 percent already sold.
    2008-03-12 04:42:17

  • Growth In Bureaucracy Is Rampant

    Scoop - While central government salaries are paid from taxpayers nationwide, local bureaucrats are paid out of local rates, the bulk of which are provided out of after-tax income by home-owners who are coming under increasing pressure from mortgage hikes ...
    2008-03-12 02:14:00

  • Rates hikes hitting spending: Access

    Farm Weekly - ... the prospect of a less cheery Christmas period because of rising interest rates ... see considerable collateral damage, with more businesses and over-stretched mortgage ... from the current heightened inflation pressures, with an expected pick-up in home ...
    2008-03-12 11:36:00

  • Editorial Roundup

    Associated Press - Yesterday's second "shock and awe" rescue of the US mortgage industry dwarfs the first and confirms just how much pain the sub ... Nor, yet, have the Fed's dramatic cuts in interest rates, down 2.25 percentage points to three per cent since the credit ...
    2008-03-12 01:31:00

  • Treasurys Rise; Stocks Fall on Earnings

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... This means the Fed will have to choose between cutting rates to stimulate the ... There also were new concerns about mortgage finance companies Fannie Mae (nyse: ...
    2008-03-10 02:16:00

  • Business Highlights

    Forbes - If borrowers are unable to refinance at lower rates, that could cause even more foreclosures, real estate experts say. Mortgage brokers and appraisers in California, Florida and Nevada - states where inflated home prices have dropped the most - say ...
    2008-03-12 02:49:00

  • Fixed Rate Vs Adjustable Rate Reverse Mortgages

    HULIQ.com - ... have to go all the way back beyond the 17 year average of the index used for the Home Equity Conversion Mortgage (which is the 1 year Constant Maturity Treasury) before the average would take the borrower’s rate higher than the current fixed rates.
    2008-03-12 10:03:00

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