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Charming older homes require close inspections  Old homes have lots of character, but may require extensive upgrades in areas such as plumbing and wiring.Commentread more...


FTC warns companies on 'deceptive' mortgage ads (USA Today)  The Federal Trade Commission has warned more than 200 companies about "potentially deceptive" mortgage advertisements that could give borrowers a false impression of the cost of home loans.read more...


Tuesday's bond market  Tuesday's bond market has opened in negative territory despite large stock market losses.read more...


Inflation data in spotlight after rate shock  Since the Bank of England caught markets on the hop by raising interest rates last week, investors have speculated that Tuesday's inflation data could throw up some nasty surprises.Commentread more...

January 22nd, 2006

Mortgage auction aims to cut cost of borrowing (Financial Times)

An online mortgage buying service, launched on Monday, aims to drive down the costs of borrowing for consumers by making lenders bid for their business.

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