Mortgage and Financial News From 2008-3-18 Page 10
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Housing affordability drops to 18-year low, study finds
Globe and Mail - Housing affordability across Canada has dropped to its lowest level since the country slid into a recession in 1990, with ... However, the RBC report foresees some relief in 2008, saying that lower mortgage rates and weakening house price gains should ...
2008-03-13 05:54:00 -
Housing Market Spirals, No End in Sight
Associated Press - The Mortgage Bankers Association said foreclosures hit an all-time high in the final ... came in below analyst expectations for January and remained at the second-lowest ... related debt, has steadily decreased even as home prices and homeownership rates ...
2008-03-18 05:45:00 -
Inflation up at 2.5 per cent
Politics.co.uk - ... The retail price index, which includes mortgage interest repayments, has remained static at 4.1 per cent. Core inflation, which excludes oil and food, has fallen by 1.2 per cent to the lowest level ... England will be moved to further cut interest rates ...
2008-03-18 07:33:00 -
Asian stocks tumble; oil hits record
Los Angeles Times - ... in the global financial system sparked by defaults in the U.S. subprime mortgage ... benchmark 225 index sank 3.7 percent to close at 11,787.51 points, its lowest in ... gloomy outlook for the American economy and prospects for lower interest rates.
2008-03-17 03:52:00 -
Financial crisis puts crunch on home loans
This is Money - Lenders are reserving their best deals for the lowest risk borrowers, typically those who have built up huge amounts ... That means banks and building societies are unable to pass on the Bank's cuts in rates to customers, leaving mortgage lending rates ...
2008-03-18 08:30:00 -
Inflation rate dips to 1.8 per cent in February, restrained by strong ...
CJAD - OTTAWA - Canada's inflation rate tumbled to its lowest level in six months in ... report was seen as leaving the Bank of Canada room to keep cutting interest rates ... Mortgage interest costs also continued to climb, as did costs of home maintenance.
2008-03-18 07:11:00 -
Treasuries Fall as Goldman, Lehman Earnings Ease Credit Concern
Bloomberg - Three-month bill rates were little changed at 1 percent after yesterday touching the lowest level since the late 1950s. ... Earnings at Lehman were depressed by a $1.8 billion writedown caused by the mortgage market ...
2008-03-18 07:26:00 -
Blue chips bounce back after lull
Western Telegraph - ... in positive territory on hopes of the move, which could see US interest rates fall ... extra £5 billion into frozen money markets, the Footsie tumbled 3.9% to its lowest ... results this week could also unveil billions more in write-offs on the mortgage ...
2008-03-18 07:11:00 -
U.S. Stocks Gain on Goldman, Lehman Earnings, Fed Speculation
Bloomberg - ... estimates and investors speculated the Federal Reserve will slash interest rates. ... were depressed by a $1.8 billion writedown caused by the slump in the mortgage market ... Financial shares tumbled to their lowest level in almost five years yesterday on ...
2008-03-18 08:09:00 -
Stocks Poised For Sharply Higher Open
CNN Money - ... of investment banks and ahead of this afternoon's decision on interest rates. ... Building permits, a sign of future activity, slumped 7.8% to 978,000, the lowest in ... Goldman booked $1 billion in losses on residential mortgage loans and securities ...
2008-03-18 08:23:00 -
Housing Starts, Permits in U.S. Decreased in February (Update2)
Bloomberg - March 18 (Bloomberg) -- Housing starts in the U.S. dropped in February and building permits fell to the lowest level in ... in housing may be difficult to engineer as property values fall, while lenders tighten borrowing rules and keep mortgage rates ...
2008-03-18 06:07:00 -
Fed Poised to Cut Interest Rates Again
Forbes - The Federal Reserve is expected to aggressively lower interest rates in its ... 6 percent and applications for new building permits dropping to the lowest level in ... up to 28 days in return for a like amount of the investment banks' shunned mortgage ...
2008-03-18 07:40:00 -
What do you think of the Packers' picks?
Milwaukee Journal Sentinel - How do you think Ted Thompson and the Packers made out? Do you like their picks? Will they make the Packers winners again? Over the weekend and into Monday, those were the questions we asked Packers fans. Here are the responses (it wasn't pretty ...
2008-03-15 07:29:00 -
Claiming a child as a dependent
Baltimore Sun - ... as a second residence and you financed the purchase, the interest on the loan is deductible on Schedule A as mortgage ... Once you calculate the credit amount, you report that amount on Line 27 of Form 502 -- Maryland Tax Return (Resident ...
2008-03-16 01:37:00 -
Fed red alert
BBC Brasil - I am sure if you calculate all of the UK's dollar imports and exports they would far outweigh the 'euro' by a very large ... I agree with Ken, the value of the pound against the Euro lumps the UK with the US in terms of banking and mortgage problems ...
2008-03-17 05:50:00