Mortgage and Financial News From 2008-12-6 Page 01
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More land 'needed' despite rates, grants - ninemsn
The home building sector will not gain the full benefit of falling interest rates and a tripling of grants for first home buyers unless more land is released, a new report says. Land values have soared in recent years in the face of restrictive land ...
2008-11-30 09:15:00 -
House price crash increases divorce rates - MyFinances.co.uk
For every unexpected ten per cent house price drop, an extra five per cent of couples will split, according to new analysis. Analysis from the Institute of Social & Economic Research suggests while couples stick together when house prices rise – as ...
2008-11-27 05:58:00 -
Mortgage rates drop, prompting many to refinance homes — if they ... - Fort Lauderdale Sun-Sentinel
At last, borrowers are getting a break. Mortgage interest rates have fallen to their lowest point since last January. Freddie Mac reported Thursday that interest rates for a 30-year, fixed-rate mortgage now average 5.53 percent, down from 5.97 ...
2008-12-06 09:00:00 -
Margareta Pagano: Why Gordon Brown will eat his wife's hat (Independent)
At a time like this we can do without the genius of spin who came up with the wheeze of leaking the £7 price of Sarah Brown's beret. Such gimmickry won't stop the able-minded among us noticing that the Prime Minister's recovery plan is not taking off.
2008-12-06 06:12:32 -
There goes the neighbourhood ... and the cheap loan (Independent)
Homeowners looking to remortgage could be facing valuations 30 per cent lower than their homes were worth in autumn 2007, when the market was at its peak – even though average prices have only fallen by around 15 per cent during this time. This harsh reality was revealed last week by Energy Reports and Surveys (ERS), the valuation arm of conveyancing giant LMS.
2008-12-06 06:15:02 -
Wealth Check: With a business, a mortgage and debts, he strides into the storm (Independent)
The patient John Gregory-Smith, 27, is an entrepreneur who chose to plough spare cash into a start-up business despite the gloomy economic outlook. Over the summer, he launched The Mighty Spice Company, making a range of fresh spice mixes, and its products are already stocked by Sainsbury's as well as an array of independent stores.
2008-12-06 06:15:12 -
Falling rates renew old problem for US banks (The Economic Times)
Falling long-term rates make it harder for banks to boost lending margins and make money. Countries in recession I Ghosts of 1929 I Credit crisis I Tackling crisis
2008-12-06 06:20:39 -
My Melbourne: Whittlesea violence figures (Leader Community Newspapers)
FINANCIAL strife has contributed to Whittlesea's domestic violence rate being significantly higher than the state average.
2008-12-06 07:05:56 -
Road to ruin: Happy Valley street embodies national housing bust (The Oregonian)
On Francesca Lane, 1 in 5 homes is in foreclosure
2008-12-06 07:28:37 -
The Employment Crash (New York Times)
Given the recent dismal employment report, Congress should be working now on another economic stimulus plan one that will bolster unemployment compensation and create jobs.
2008-12-06 09:14:40 -
Talkin' 'bout their generation - Times Daily
A longtime friend was telling me the other day that his daughter and son-in-law had moved in to his house. They're in the their late-20s and are among those who lost their house because they could no longer afford the mortgage payment. The son-in-law ...
2008-11-30 03:28:00 -
Marketplace: A simple fix for crisis in housing - Columbian
As far as ideas go for rescuing America’s housing market, Brad Anderson’s proposal may have merit. Anderson (no relation) is convinced that the best way to stop the downward spiral of home values around the nation, as well as here in Clark County ...
2008-11-30 04:04:00 -
No quick end seen to spiralling US job cuts - Economic Times
BOSTON: The US experienced its sharpest monthly drop in employment in more than three decades during November, and there is no end in sight to the bloodletting as companies search for ways to cut costs. American employers shed far more workers than ...
2008-12-06 06:08:00 -
What's happening in Washington? - Leaf Chronicle
Our politicians showed their hypocrisy in the last few weeks. They passed a bill allowing $700 billion for the financial banks and other lending and mortgage companies. With no strings attached, there isn't anyone to tell us how the money is spent ...
2008-11-30 04:47:00 -
Getting Employees to Embrace New Technology (Fox News)
Boss: trust me, you're gonna love this!
2008-12-06 05:23:08