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Canadians exercise fiscal responsibility when investing in homeownership, says Mortgage Intelligence (CNW Group via Yahoo! Finance)   While increasing debt has raised concerns south of the border, most Canadians exercise caution when it comes to financing their homes, according to Mortgage Intelligence Inc., a GMAC company.read


Rates on 30-year mortgages increase  Rates on 30-year mortgages stayed above 6 percent for the third straight week, rising to the highest level in 15 months.read more...


What's Wrong With This House?  Real estate expert Barbara Corcoran says you need to clean up the clutter and let the light in to sell your house.Commentread more...


Take time now to look for savings on '05 taxes  Before getting caught up in the whirlwind of holiday spending, take some time to save money on your coming tax bill.read more...


Make your lamp shade a bright centerpiece  When you begin decorating a room, thoughts most often turn first to color, and then to fabrics and furnishings.read more...


Fannie Mae Names New Finance Officers as Part of Overhaul  Fannie Mae said it added nine new officers to its finance division as part of its reorganization plans.via

August 4th, 2005

Bank courts controversy by cutting rate to 4.5pc

The Bank of England bowed to the howls of pain from retailers and various sectors of industry yesterday and cut interest rates for the first time in two years in a bid to boost the flagging economy.

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