Mortgage and Financial News From 2008-6-29 Page 5
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V.A.-Backed Loans on the Rise (NYTimes.com via Yahoo! Finance)
Demand for mortgages from the federal Department of Veterans Affairs is rising sharply, the V.A. said.
2008-06-29 02:37:27 -
Can't sell? Rent it out (Arizona Daily Sun)
Local homeowner Bill Cherry grew frustrated watching his home sit empty for more than nine months while it was on the market.
2008-06-29 02:39:15 -
Consider apartments in single-family homes (The Record)
Homeowners could reap financial rewards the way a Pompton Lakes man did when his parents moved to Italy. Mike Savona had a hidden treasure in his home, and that treasure kept him rooted there.
2008-06-29 02:46:24 -
Can The Dollar Recover? (Daily FX)
Last week we noted that dollar’s fate was in Fed’s hands stating that, “as the FOMC rate announcement takes place on Wednesday currency traders will get a much better idea if Chairman Bernanke is serious about raising rates or is merely bluffing.”
2008-06-29 02:54:02 -
Smart property moves in tough times - News.com.au
In a depressed market it's important to do your research Don't just go with the agent promising the highest price More property news in our Money section HIGH interest rates and sluggish property prices mean that now is not the best time to be ...
2008-06-29 08:08:00 -
NH governor mulling bariatric surgery, union bills - Boston Globe
CONCORD, N.H.— In the next week or so, Gov. John Lynch will sign bills capping the interest rate on payday loans, imposing a new tax on charity poker games and stiffening penalties for child pornography. He's been clear about his support for those ...
2008-06-29 09:41:00 -
India Inc low on confidence - Daily Pioneer
Rising inflation, which may up go up further, has shaken India's business confidence with 64 per cent of industry representatives claiming the current situation to be worse than what it was six months ago. "Manufacturing inflation will go up in the ...
2008-06-29 08:51:00 -
What the credit crunch means for you - BBC Business
On mortgages, it is almost as if we have moved back to the age when lenders are doing you a favour if they'll lend to you, as opposed to the situation in the last decade where they chased increased volume and market share. On the one hand, interest ...
2008-06-29 11:00:00 -
Election could delay Fed rate rise until December - Boston Globe
WASHINGTON (Reuters) - The Federal Reserve may be hesitant to raise interest rates ahead of the U.S. election in November, although there is no hard evidence to support the widely held view that politics influences monetary policy. The Fed has raised ...
2008-06-29 11:00:00 -
Nationwide in firing line for 'slashing' top-line interest rates - Guardian Unlimited
Nationwide could find itself accused of penalising lower earners after it emerged that it is slashing the interest rates on two of its current accounts. The changes affect Britain's biggest building society's popular FlexAccount and its Cash Card ...
2008-06-27 03:56:00 -
Australia May Leave Benchmark Rate at 7.25% to Curb Inflation - Bloomberg
June 30 (Bloomberg) -- Australia's central bank will probably leave its benchmark interest rate at a 12-year high as it assesses whether the economy is slowing enough to cool the fastest inflation in almost two decades. Governor Glenn Stevens will ...
2008-06-29 10:17:00 -
Spanish PM urges ECB to show interest rate 'flexibility' - Forbes
MADRID (Thomson Financial) - Spanish Prime Minister Jose Luis Rodriguez Zapatero on Sunday urged the European Central Bank to show 'flexibility' in its interest rate policy which he said is too focused on fighting inflation. The bank 'should have a ...
2008-06-29 09:20:00 -
Earnings: Slower growth (Business Standard India)
At 13,802, the BSE Sensex trades at just under 14 times estimated FY09 earnings, which are expected to grow by about 19 per cent over FY08. At these levels, the narrow market is not expensive and the broad market is far cheaper.
2008-06-29 11:43:45 -
Parsvnath, others to hike prices (Business Standard India)
Surprising, it may sound, but property builders are gearing up to raise prices of their existing projects in the months to come. This is in spite of the fact that realty sales are down by over 25 per cent this season.
2008-06-29 12:22:49 -
Rough texture (Business Standard India)
Birla Cotsyn's IPO looks unexciting given its relatively smaller size, stiff competition and expensive valuations. There is very little to cheer on Dalal street these days, with unmanageable inflation and political uncertainty compounding the impact of global meltdown on the Indian stock market.
2008-06-29 12:37:10