Fed Keeps Key Rate Unchanged at 5.25 Percent Knight Ridder Washington Bureau WASHINGTON - The Federal Reserve paused Tuesday after more than two years of 17 consecutive interest-rate hikes, but it cautioned that the break might be temporary
Mortgage rates at 3-1/2 year high (CNN Money) The 30-year fixed-rate mortgage rose this week to the highest level in more than three and a-half years, with the one- and five-year rates also posting slight gains, Freddie Mac
Kiwis may be saving too much, says Treasury The Government's expected workplace savings scheme will probably be promoted on the basis that New Zealanders do not save enough.via
Study Finds Boomer Generation Is Comfortable As they step closer to old age, baby boomers -- that enormous group of Americans born between 1946 and 1964 -- say they are reaching deeper into their pockets to
Mortgage lender First Magnus files Chapter 11 (Washington Post) NEW YORK (Reuters) - First Magnus Financial Corp, one of the largest independent U.S. mortgage lenders, filed for Chapter 11 bankruptcy protection on Tuesday, the latest home loan provider to
What the FHA Needs To Get the Job Done In the current credit squeeze, if you have less than a 20 percent down payment, there's pretty much only one major source of mortgage financing available: the Federal Housing Administration,
MARK BANNERMAN: Bank-bashing is almost a national pastime, so you’d think financial institutions would be jumping to claim credit for any good news.
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