Mortgage and Financial News From 2008-2-10 Page 45

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  • FM may ask banks to raise credit, lower interest rates (Hindustan Times)

    With economic growth likely to slow down to 8.7 per cent this fiscal, public sector bank heads are expected to come under pressure from Finance Minister P Chidambaram when he meets them on Tuesday to raise lending to the manufacturing sector and cut interest rates.
    2008-02-10 01:23:13

  • No rate cut announced at Fischer press conference (Globes Online)

    Fischer: The Bank of Israel will defend Israel's economy from a global slowdown.
    2008-02-10 01:24:14

  • Creationists Seek Foothold in Europe (Seattle Times)

    After the Sunday service in Westminster Chapel, where worshippers were exhorted to wage "the culture war" in the World War II spirit of Sir Winston Churchill, cabbie James McLean delivered his verdict on Charles Darwin's theory of evolution.
    2008-02-10 02:41:26

  • Consumers deal with credit card crunch

    Rutland Herald - They were able to refinance and suddenly they didn't have the cushion. All they had were large bills." As if that weren't enough, your credit card companies will be pushing you to spend, spend, spend, especially at the beginning of the year because so ...
    2008-02-09 11:53:00

  • On rate cuts and mortgages

    Everett Herald - Question: We've been following the mortgage rates because we want to refinance our mortgage. The Federal Reserve cut interest rates twice last month. The first time they cut rates, mortgage rates came down. Then the Federal Reserve cut rates again ...
    2008-02-09 11:53:00

  • Your risk of getting a tax audit 'is way up'

    Hampton Roads Daily Press - The combination of low interest rates and aggressive lending practices spurred many homeowners to refinance time and time again — often sucking cash out to pay bills, buy cars or for other personal expenses. But that practice can easily run afoul ...
    2008-02-10 12:50:00

  • Owners should do the math before refinancing home

    Nashville Tennessean - WASHINGTON — Recent dips in interest rates may have homeowners wondering whether it's time to refinance their mortgages. Refinancing can make sense for many people, but the decision should take into account more than swings in market interest rates ...
    2008-02-10 01:04:00

  • Temporary, quick relief’

    Times West Virginian - The stimulus package also includes mortgage lending reforms and other measures to help families refinance loans and prevent foreclosures. “This is the type of work that puts American families first,” Griffith said. The purpose of the economic ...
    2008-02-10 01:26:00

  • New tax law helps subprime customers

    Montgomery Advertiser - Debt used to refinance qualifying debt is also el­igible for the exclusion, but only up to the amount of the old mort­gage principal, just before the re­financing. *This provision applies to debt forgiven in 2007, 2008 or 2009. Up to $2 million of ...
    2008-02-10 01:47:00

  • Financial rules of thumb aren't what they used to be

    Medford Mail Tribune - Refinance your home when interest rates drop by 2 percentage points. This rule came from the era where the points — the fee paid to lenders for making the loan — and closing costs associated with a mortgage refinancing took years to pay off. Today ...
    2008-02-10 01:55:00

  • Long-term care policy is regulated

    Los Angeles Times - In a year or so you might even be able to refinance into a lower-rate loan. The next step to rebuild your scores is to get a credit card and use it responsibly. However, since your credit is still bad, you may have to start with a so-called secured ...
    2008-02-09 11:53:00

  • Maybe now's the time to refinance

    Columbus Dispatch - With mortgage rates dipping to their lowest level in years, many homeowners are thinking the same thing: Is it time to refinance? Many already are taking the plunge, with lenders reporting brisk business in recent weeks. For most, however, it's a ...
    2008-02-10 03:06:00

  • On rate cuts and mortgages - HeraldNet

    On rate cuts and mortgagesHeraldNet, WA - 3 hours agoBy Steve Tytler Question: We've been following the mortgage rates because we want to refinance our mortgage. The Federal Reserve cut interest rates twice ...
    2008-02-10 12:02:36

  • Subprime crisis has hit minorities the hardest - Shreveport Times

    Subprime crisis has hit minorities the hardestShreveport Times, LA - 3 hours ago... that the value of their home would continue to rise, making it easy for them to refinance out of the exotic mortgages with tricky teaser rates. ...
    2008-02-10 12:05:19

  • Is now the time to refinance your mortgage? - Muncie Star Press

    Is now the time to refinance your mortgage?Muncie Star Press, IN - 3 hours agoSome financial institutions will allow you to do an interest rate modification instead of going through the process of a refinance. ...
    2008-02-10 12:20:18

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