Rate cuts and the mortgage market (BBC News)
How mortgage deals will be affected by the latest cut in interest rates.
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Delta to eliminate up to 9,000 more jobs Just eight days after filing for bankruptcy protection, Delta Air Lines signaled Thursday it wants to move quickly to reduce costs as it announced it will eliminate up to 9,000
Mortgage woes up as market slows (The Clarion-Ledger) DENVER ? As soon as Lorie Limbaugh heard about a 1.25 percent interest rate on a mortgage loan, she figured it was too good to be true.read more...
Building slows in November Downshifting for a weaker market, California home builders in November continued to slow construction.Commentread more...
British Pound Unchanged Despite Stronger Mortgage Data (Daily FX via Yahoo! Finance) The British pound is unchanged for the day despite stronger housing market and mortgage approvals data. The lack of reaction in the currency may be due to the fact
5-Year Mortgage Rate Freeze Looms (Washington Post) WASHINGTON -- The Bush administration has come up with a plan to help strapped homeowners facing a daunting jump in their monthly mortgage payments.read more...
Mortgage credit losses may total $500 billion (Gulf Daily News) NEW YORK: Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and