Mortgage and Financial News From 2008-12-27 Page 01
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Gold prices rise to two-and-a-half month high - Economic Times
MUMBAI: Gold prices strengthened to a more than two-and-a-half month high at Rs 13,440 per 10 gram on the bullion market here today on fresh stockists demand, triggered by a sharp rise in the global markets. Silver also shot up on good industrial ...
2008-12-27 02:09:00 -
Is the NDC ready for prime time? - GhanaHomePage
Do Ghanaians have a short memory? With the electioneering campaign on its last throes and with the impending run-off looming large on the horizon, the NDC is again telling Ghanaians to vote it into power. NDC was technically in power for twenty plus ...
2008-12-27 11:20:00 -
Where can I get in on this zero-interest action? - MSNBC
If the prime interest rate is at near zero percent shouldn't my interest go down on my credit cards? The fee is supposed to be "Prime plus 5 percent" or 6 percent or whatever percent. The prime rate did indeed drop following the Fed’s announcement ...
2008-12-20 05:59:00 -
Ailing emperor mirrors Japan’s sharp decline - Times Online
With an ailing emperor and a nationalist prime minister whose approval ratings are down to about 20% as the country faces a deep recession, it is a bleak winter for Japanese conservatives. Japanese commentators are shedding old taboos to question the ...
2008-12-27 05:22:00 -
Conservatives plan to unveil tax cuts (Times Online)
The Conservatives are poised to propose three new tax cuts to help recession-hit families, savers and pensioners in a bold attempt to shed their “do nothing” image.
2008-12-27 03:10:05 -
Asian markets snap 2-week gains on oil (Gulf Times)
Tokyo: Asian stocks fell for the first week in three on mounting signs the deepening global recession is hurting corporate profits. PetroChina Co, the nation’s largest oil producer, lost 9.3% as crude prices plunged amid mounting signs of weakness in global economies.
2008-12-27 03:56:22 -
Five things we thought would never happen (Sunday Business Post)
It has been the most extraordinary year. Last January, we were facing into what looked like a tricky year, with the property sector slowing rapidly and the credit crunch - which had started the previous August - still rumbling on.
2008-12-27 06:08:51 -
Oregon's economy endures a bear of a year (The Oregonian)
Soaring unemployment. Consumers in full retreat. Imploding financial markets. A gut-churning time. And experts are deeply divided over when it will all end.
2008-12-27 10:13:45 -
When interest rates go down… - Economic Times
Good times seem to be smiling yet again on the real estate sector. Several banks have cut their prime lending rates (PLR), making home loans cheaper for the borrower. Borrowers are eagerly waiting for the benefit of slashed rates to be passed on to ...
2008-12-27 07:45:00 -
30-year fixed-rate mortgage at 37-year low - Marketwatch
CHICAGO (MarketWatch) -- The benchmark 30-year fixed-rate mortgage tumbled to a national average 5.17% this week, the lowest level since Freddie Mac began its weekly rate survey in 1971. With the Federal Reserve cutting its interest rates to near 0 ...
2008-12-17 05:55:00 -
A Wish List for Commercial Real Estate (New York Times)
Getting investment flowing again is the most immediate concern, industry executives say, and they have a number of suggestions.
2008-12-27 02:56:20 -
After a year of shocks prepare for more in 2009 (Daily Telegraph)
It's that time of year when business journalists feel compelled to gaze into their crystal balls and prophesy the events of the next 12 months writes Mark Kleinman.
2008-12-27 03:13:47 -
Asia sovereign bonds set to flood markets (Gulf Times)
By Ditas Lopez SINGAPORE: A flood of public debt is set to hit Asia’s bond markets in coming months as regional governments ramp up deficit spending to counter a severe economic downturn.
2008-12-27 03:57:52 -
Our Experts Say: Refinance Now - CNBC
Right now, mortgage rates are at their lowest level since 1971. Think about that. Twenty-five years ago, we were paying as much as 18% on a 30-year fixed. Today it’s just a little over 5%. Combine that rate with the tax advantages of a mortgage ...
2008-12-27 11:24:00 -
After a year of shocks prepare for more in 2009 (Daily Telegraph)
Mark Kleinman sticks his neck out to make some bold predictions for the coming year.
2008-12-27 04:10:58