What the Fed cut means to your pocketbook (Orange County Register)
Story date: 2008-03-18 11:31:39
Added on: 2008-03-18 22:01:28
Good news for some borrowers, but savers will see income shrink. When the Federal Reserve announced its interest rate cut today, it brought cheers to cash-strapped borrowers, who will see rates drop on everything from credit cards to adjustable rate mortgages.
Read more...
Related Stories:
-
Fed planning steps to crack down on shady mortgage lending practices
CNBC - Mortgage lenders say these loans are appropriate for many borrowers, including those who are self-employed and cannot easily document their...
2007-12-15 08:31:00 -
Now Available Again: Stated Income - Verified Assets (SIVA) Real Estate Financing (PRWeb via Yahoo! News)
Katz Mortgage Team, has announced they are once again able to offer "Stated Income" loans requiring no income verification from borrowers....
2008-11-21 01:01:00 -
Minorities pay more for home loans (Baltimore Sun)
Rate shock held likelier for blacks, Latinos Minority residents are more vulnerable to rate shock from subprime mortgages in...
2007-09-06 12:52:46 -
Mortgage borrowers: a survivor's guide
Daily Telegraph - Many of these borrowers are on relatively high loan-to-value ratios or income multiples and will find it difficult (if...
2007-12-04 05:34:00 -
Webster Chosen as a Lender for New Mortgage Program Offered by ...
Forbes - ... to help low- and moderate-income borrowers who took out subprime, adjustable-rate loans to purchase their first home. (Logo...
2007-12-26 04:58:00 -
Thousands brace for mortgage rate jump
Boston Globe - ... Massachusetts with adjustable-rate home loans, about 10,000 borrowers, are facing larger housing payments when their mortgages ......
2007-09-29 01:37:00 -
China Medical Technologies Reports First Quarter Financial Results
MSN MoneyCentral - ... net income was lower than that of net revenues primarily due to interest ... 25% income tax...
2007-08-28 09:58:00 -
FACTBOX-U.S. presidential candidates' ideas on economy
Forbes - The other $30 billion would go toward helping low-income families hit by the mortgage ... Romney wants to permanently cut...
2008-01-18 09:56:00