Financial terms you need to know Here are some common terms used in consumer credit. Adjustable rate: An interest rate that changes, based on fluctuations in a published index.read more...
Mortgage rates slip for fourth week in a row (Philadelphia Daily News) Mortgage rates slipped for a fourth straight week as a slowing economy eased concerns about inflation. Mortgage giant Freddie Mac said yesterday that 30-year, fixed-rate mortgages fell to 6.52 percent
B.C. government holds $10-million mortgage on Pickton's properties (Canadian Press via Yahoo! News) VANCOUVER (CP) - The B.C. government has put a mortgage worth $10 million on accused serial killer Robert Pickton's notorious pig farm to cover his publicly funded defence, The
Digest: Scrutiny urged for mortgage giants (Houston Chronicle) Congress should strengthen oversight of Fannie Mae and Freddie Mac to prevent unrestrained growth in the two biggest U.S. mortgage finance companies that could trigger financial market turmoil and require
Consumer confidence plunges after rates rise THE INTEREST rate hike has dealt consumer confidence a body blow, with the Westpac Melbourne Institute survey showing the second-largest fall in the last 30 years.read more...
Construction slows in Tri-State (Reg Req'd) The pace of residential and commercial construction in the Tri-State has apparently slowed in the last six weeks, according to a report released Wednesday by the Federal Reserve.read more...
His proposal to help ‘deserving’ homeowners could assist up to 400,000 people, aides say. He’d previously expressed concern about bailing out speculators. Amid widespread concerns about the nation’s mortgage crisis, John McCain outlined Thursday a proposal to help “well-meaning, deserving homeowners who are facing foreclosure” and called for a Justice Department investigation into possible …
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