Mortgage and Financial News From 2007-10-13 Page 4
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REAL ESTATE: Credit spigot still open
Cullman Times - But low 6s are excellent, said Moody whose traditional 30-year fixed mortgage loan rate is around 6.25 percent. “Rates are not the problem,” he said. The problem is what Moody calls “exotic mortgages” — the adjustable-rate or interest-only ...
2007-10-13 02:21:00 -
It pays to be daddy's (and mummy's) little girl
Daily Telegraph - Even better, their loans are interest-free, and I have heard ... But it's easy to sit and judge when as a 25-year-old, it only cost £50,000 to buy a five-bedroom house with 50 metre garden in Chiswick.
2007-10-13 04:58:00 -
Tories are on right scent, but we need a new type of tax
Guardian Unlimited - ... who are priced out of the market will face if they take on high levels of mortgage debt. There is only a very weak welfare safety net for homeowners who get into difficulty, and very low take-up of private insurance to plug the gaps. Low interest ...
2007-10-13 05:13:00 -
Property market: Word on the street
Daily Telegraph - ... in the world of rents, yields and so on, the scheme works very simply as follows: if a landlord pays £1,000 in interest on his mortgage each month and receives £1,200 in rent, he pays no tax on that first £1,000, and pays income tax only on the ...
2007-10-13 03:47:00 -
Millions will miss out on Darling's IHT giveaway
Observer - We draw 5 per cent a year from those trusts and at current interest rates that virtually pays off the interest on our mortgage,' says Wheeler. 'It's ironic really because you work your whole life to pay off your mortgage only to find the best thing ...
2007-10-13 03:32:00 -
Kenneth Harney: Reducing interest deduction on big homes a tough sell (Arizona Daily Star)
WASHINGTON — Though the housing and real estate industries oppose the plan, a key House committee leader's proposed "carbon tax" cutbacks on mortgage-interest deductions are attracting strong support from environmental and scientific groups.
2007-10-13 12:08:09 -
"Carbon tax" goes after mortgage deduction (Seattle Times)
Scientific and environmental groups back legislation to phase out mortgage interest deductions on big homes.
2007-10-13 12:27:17 -
Realtors group slashes forecast for existing home sales, predicts new ...
San Diego Union-Tribune - ... excesses have been removed from the market and home sales are returning to fundamentally healthy levels, while prices remain near record highs, reflecting favorable mortgage rates and positive job gains,” Yun said. Existing single-family home ...
2007-10-09 05:53:00 -
Mortgages: first-time buyers say no to being locked in for many years
Daily Telegraph - ... home. With most of us living in several properties during our lifetimes, long-term fixed rates are out of touch." This rings true for first time buyer Tracey Greer of Norwich, who finds a long- term fixed-rate mortgage ... mortgage despite the fact that my rates ...
2007-10-13 03:47:00 -
Banks and U.S. Treasury Discuss $100Bn Support Fund
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... fund to stave off the danger that there could be a fire-sale of shaky mortgage ... In August, the Federal Reserve cut interest rates. Earlier this month, Fed ...
2007-10-13 06:14:00 -
Crammed classrooms make a mockery of SNP targets
Scotsman - TENS of thousands of Scottish primary school children are being taught in overcrowded classes, many of which are at least 50% bigger than the official Government target. The SNP administration has vowed to work towards P1-P3 classes of no more than ...
2007-10-13 03:11:00 -
Last month's home sales lowest in 4 years
Wilmington Morning Star - ... year decline in sales since the market began to cool in early 2006, and the lowest ... the meltdown in subprime loans, which included the bankruptcy of several mortgage ... more than $417,000 - had nearly an extra percentage point on their interest rates ...
2007-10-13 12:05:00 -
Depression Highest For Caretakers, Servers (Local 10 Miami)
The highest rates of depression among U.S. workers are reported among those who take care of children or the elderly along with those who work in restaurants.
2007-10-13 02:25:55 -
N. Rock's BoE loans seen near 12.9 bln stg: data
Reuters - LONDON, Oct 11 (Reuters) - Stricken British mortgage lender Northern Rock (NRK.L: Quote , Profile , Research ) may have borrowed a further 2.3 billion pounds ($4.7 billion) from the Bank of England in the past week, according to BoE data, down from 2 ...
2007-10-11 08:40:00 -
Fitch Affirms Washington Federal, Inc. & Washington Federal S&L IDRs ...
Forbes - Seattle-based WFSL pursues a traditional thrift strategy, funding residential mortgage loans, primarily fixed-rate, with retail deposits, primarily CDs. In the current interest rate and mortgage environments margins have been pressured and ...
2007-10-11 10:34:00