Mortgage and Financial News From 2008-2-18 Page 7

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  • RRSP Strategies: Part 7

    Stockhouse Canada - ... the decision as to what rate of interest to charge yourself is somewhat moot because one of the conditions of holding your own mortgage inside your RRSP is that you charge yourself the “going market rate.” Hence, the posted mortgage rates you see ...
    2008-02-18 10:56:00

  • Lessons from Northern Rock

    Guardian Unlimited - Even the normally Scrooge-like International Monetary Fund has called on governments to spend more and cut interest rates. If arguing over the fate of a mid-sized mortgage lender seems like small beer in comparison, that is because it is. Much of the ...
    2008-02-18 03:57:00

  • Northern exposure: Cameron calls for Darling to be axed after bank ...

    The Independent - ... Government came to terms with the fall-out from the latest twist in the saga, ministers were also expecting an outcry over the repossession of homes from householders unable to keep up their mortgage repayments. The bank has one of the highest rates ...
    2008-02-18 04:04:00

  • Former Miss America an East Harlem homeowner thanks to credit union

    New York Daily News - Recently, she sat at her dining room table in the East Harlem co-op she just bought and talked about her hunt for low mortgage rates. She found what she was looking for at Actors Federal Credit Union, which she was eligible to join because she makes ...
    2008-02-18 12:48:00

  • U.K. House Prices Rise for First Time in Four Months (Update2)

    Bloomberg - Fallout from that turmoil has already prompted U.K. banks to raise mortgage rates and offer fewer home loans. ``With credit conditions tightening, we might expect a significant reduction in consumption growth over the coming months ...
    2008-02-18 05:05:00

  • Rock: a reverse run?

    BBC Brasil - However banking competitors will be delighted that one of the most aggressive discounters of mortgages in recent years could be almost out of the market - which would allow them to put up their mortgage rates. So increases in the Rock's mortgage rates ...
    2008-02-18 10:28:00

  • Consumer spending ‘likely to slow’

    Financial Times - He estimated that a rise in the gap between mortgage rates and official interest rates of just 0.2 percentage points in any year appeared to reduce the growth rate of consumption by around 1.1 per cent. This meant that, had mortgage rates been just 0 ...
    2008-02-18 01:55:00

  • Texas refinery explosion injures 4 (Detroit Free Press)

    BIG SPRING, Texas — A thunderous explosion rocked an oil refinery Monday, injuring four workers and shaking buildings miles away.
    2008-02-18 04:43:30

  • Hamish McRae: The nationalisation of Northern Rock is no big deal (unlike the state of public finances) (Independent)

    The economics of Northern Rock look better than the politics. The "n" word may still be toxic politically, but nationalisation is not only the least bad outcome to this sorry tale. It is just possible, with one huge caveat, that the taxpayer might end up making a profit on the deal. The real charge against the Government is not the mishandling of Northern Rock, though it has not covered itself ...
    2008-02-18 04:45:07

  • Steve Richards: British politics will never be the same again (Independent)

    I am willing to bet the sum of my absurdly large mortgage that the Government will not suffer a tumultuous political crisis over the nationalisation of Northern Rock. But I also bet my paltry savings in a fragile internet bank that British politics will never be quite the same again.
    2008-02-18 04:48:17

  • Labour's election hopes rely on things they don't control (Guardian Unlimited)

    Comment is free: Polly Toynbee: Brown may look assured, but it's risky to stake all on stability and Tory folly
    2008-02-18 05:13:41

  • Double your money is taken in tax (icNewcastle - Sunday Sun)

    NEW council tax rates to be announced in April are expected to be nearly 100 per cent higher than when New Labour came to power a decade ago, we can reveal.
    2008-02-18 05:23:52

  • Construction continues at TU (KJRH-TV Tulsa)

    Construction is well underway at the University of Tulsa.
    2008-02-18 05:35:15

  • Commodities outperforming (Bangkok Post)

    Commodity funds outperformed other asset classes last month when the Thai stock exchange fell more than 8% in line with regional markets, according to the fund research firm Lipper.
    2008-02-18 05:40:59

  • Comments, corrections, clarifications, and c*ckups (Crikey)

    Janet Simpson writes : Re. Yesterday's editorial. I think you are really going over the top with yesterday’s editorial. Rudd did not have dinner with Burke. He has given a thoroughly plausible explanation for his withdrawal by diplomatic ruse.
    2008-02-18 05:45:40

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