Mortgage and Financial News From 2008-1-13 Page 52

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  • CD Rates Near 6% - Korea Times

    CD Rates Near 6%Korea Times, South Korea - 1 hour agoBy Park Hyong-ki Interest rates on certificates of deposit (CD) have risen, nearing 6 percent, the highest level in six years and eight months. ...
    2008-01-13 01:39:53

  • Don't let fear drive investMENT DECISIONS - Portsmouth Herald News

    Don't let fear drive investMENT DECISIONSPortsmouth Herald News, NH - 30 minutes agoOver the last 15 years, the annual interest rate on a one-year CD has averaged a little less than 5 percent. During that same time period, the return of the ...
    2008-01-13 03:02:48

  • Sy Harding: Fed rescue may be too late

    Fosters Daily Democrat - That is, by some key measurements short-term interest rates had become higher ... monthly costs were escalating with the price of oil, gasoline, food, and mortgage ... The problem with that thinking was they were looking at current conditions, while ...
    2008-01-13 12:05:00

  • Tucson Water wants rates to go up 10%

    Arizona Daily Star - Kurt Deibel, the owner of a mortgage company and a critic of government waste, said ... This is the first tough issue to arise for the current council, which got two new ... County officials increased sewer rates four times in the last two years — two 6 ...
    2008-01-12 11:57:00

  • 'It's going to work out'

    Herald News - The administration is urging the mortgage industry to expand a current program to freeze adjustable rate mortgages for five years to include borrowers of loans at prime rates. And Federal Reserve Chairman Ben Bernanke indicated last week he's prepared ...
    2008-01-13 01:59:00

  • Whose side are they on?

    Boston Globe - ... families chose to stretch, agreeing to monthly mortgage ... enough to satisfy almost a year of demand at the current level. A normal backlog is about six months. Officials are talking about ways to reduce supply and increase demand:
    2008-01-13 02:06:00

  • EMI needs love: does it need Hands? (Guardian Unlimited)

    With a roster of mutinous artists and file-sharing threatening profits, the label's owner may struggle to turn it around, writes Richard Wachman .
    2008-01-12 04:00:16

  • Tucson Water wants rates to go up 10% - Arizona Daily Star

    Tucson Water wants rates to go up 10%Arizona Daily Star, AZ - 4 hours ago"As soon as there is a rate increase, then they will want more money." This is the first tough issue to arise for the current council, which got two new ...
    2008-01-12 11:15:57

  • Rents Deter Young Workers - Hartford Business

    Rents Deter Young WorkersHartford Business - 3 hours ago... say current rates are miles beyond what most 20-somethings can afford. “Some of them are higher than a mortgage in West Hartford,” Schaefer said. ...
    2008-01-13 12:10:07

  • Using Preferred Stocks to Supplement Yield, Counter Volatile Swings - Seeking Alpha

    Using Preferred Stocks to Supplement Yield, Counter Volatile SwingsSeeking Alpha, NY - 2 hours agoIf that occurs, that would bring the funds rate down to around 3.00% from its current level of 4.25% assuming a full 125 point decline. ...
    2008-01-13 01:17:14

  • Housing trouble relief in sight at session - Salisbury Daily Times

    Housing trouble relief in sight at sessionSalisbury Daily Times, MD - 1 hour ago... more likely to get subprime loans, or loans made to borrowers who don't qualify for lower interest rates in a traditional 30-year fixed-rate mortgage. ...
    2008-01-13 01:34:14

  • Bill Gross on beating the crowd - Orange County Register

    Bill Gross on beating the crowdOrange County Register, CA - 5 minutes ago... fed Funds rates from the current 4.25 percent to under 3 percent "within six months." Though, he notes, don't expect any great mortgage bargains. ...
    2008-01-13 03:27:16

  • Housing trouble relief in sight at session (The Daily Times)

    ANNAPOLIS -- Maryland's housing boom has become a foreclosure boom -- with foreclosures up more than 2,000 percent in some areas -- and state lawmakers predict a slate of bills aimed at stopping the trend will be a major focus of this term.
    2008-01-13 01:39:46

  • Bill Gross on beating the crowd (Orange County Register)

    Columnist Jon Lansner talks to Pimco's bond guru on winning Morningstar's Manager of the Year for the third time.
    2008-01-13 03:29:38

  • Bankruptcies are on rise as lending mess unfolds

    Nashville Tennessean - If they are behind in payments or don't have good credit, they can't find another mortgage company to refinance them. Recently Salas saw one couple in her office with a struggling business and an adjustable-rate home mortgage that increased more than ...
    2008-01-13 12:05:00

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