Rising costs likely to hurt retailers in 2006
Rising energy costs, coupled with a slowdown in the housing boom that has fueled markets across the country, are likely to put a crimp in retail spending in 2006.
read more…
Cowen set to reject stamp duty reform demands Minister for Finance Brian Cowen will reject demands for house stamp duty reform in Wednesday's Budget, though extra mortgage interest relief is to be offered to first-time buyers.Commentread more...
Mortgage Rates Climb as Housing Grasps For Recovery (CNBC via Yahoo! Finance) Mortgage rates edged upward over the past week, despite the Federal Reserve's aggressive cost-cutting measures and Wall Street's eagerness to get past the housing crisis.read more...
Bush nominates new Fed chief today (Reg Req'd) Economic adviser Ben Bernanke nominated to be Greenspan successor Monday, October 24, 2005 Inman News Ben Bernanke President George W. Bush announced today that he will nominate his top economic
Builder going ahead with new building for troubled lender Construction of a sprawling campus for embattled Mortgage Lenders Network USA will continue despite the company's financial problems that led to hundreds of layoffs and forced it to abruptly stop
International News * Jordan anger over hotel bombings Average interest rates on 30-year U.S. mortgages rose for a ninth straight week, hitting their highest since September 2003, according to data from mortgage finance company Freddie Mac Thursday.read more...
Company town carved from old growth faces uncertain future Along with the scent of freshly cut redwood, an air of uncertainty hangs over this idyllic Northern California logging town.Commentread more...