Mortgage and Financial News From 2008-6-12 Page 10
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Has housing hit a floor? - Denver Post
Lon Welsh, managing broker of Your Castle Real Estate, recently analyzed home-price trends in the metro area as they compare with the average number of days a home spends on the market. Between January and May, the average days on the market was 89 ...
2008-06-12 12:36:00 -
Builders, buyers seeing merits of conserving (The Florida Times-Union)
They're paying more upfront to save more in the long run.
2008-06-11 09:24:37 -
Encouraging thrift just makes cents (WorldNetDaily)
Ask 10 people to define capitalism. Chances are, eight or nine will stress the importance of buying things. They're making a common mistake – equating capitalism with consumerism.
2008-06-11 10:15:31 -
The single girl's guide to home-buying (New York Daily News)
Buy now, marry later. That's the credo of loads of local single women who are taking the plunge and committing to a mortgage on their own. What's motivating them? The market.
2008-06-12 01:22:55 -
RBC Royal Bank increases residential mortgage rates (CNW Group via Yahoo! Finance)
RBC Royal Bank announced today that it is increasing its residential mortgage rates effective June 13, 2008.
2008-06-12 07:55:00 -
(AFX UK Focus) 2008-06-12 19:11 Plan to clarify mortgage disclosures sparks ire (Interactive Investor)
WASHINGTON (AP) - A single sheet of paper has the real estate industry in an uproar.
2008-06-12 11:37:33 -
South Africa Raises Key Rate by Half Point to 12% (Update1) - Bloomberg
June 12 (Bloomberg) -- South Africa's central bank raised its benchmark interest rate by half a percentage point, the sixth increase in a year, forecasting that rising food and energy costs keep inflation outside of the target until 2010. The ...
2008-06-12 07:45:00 -
Canada bank holds interest rate steady at 3 pct - CNBC
TORONTO (AP) - The Bank of Canada held its key interest rate unchanged at 3 percent Tuesday, surprising many economists who had expected a quarter-point trim to stabilize a slowing economy. The central bank said Tuesday that although a risk of weak ...
2008-06-10 09:49:00 -
Swiss industry body sees unchanged SNB rates - Guardian Unlimited
ZURICH, June 12 (Reuters) - The Swiss National Bank is likely to keep its interest rates unchanged in the near term as record-high inflation should ease in the second half of the year, industry body economiesuisse said on Thursday. Switzerland's ...
2008-06-12 06:05:00 -
S.Africa's Mboweni-rand vulnerable to CACT gap - Reuters UK
PRETORIA, June 12 (Reuters) - South Africa's central bank Governor Tito Mboweni said on Thursday the rand currency was vulnerable to perceptions of a widening of the country's current account deficit. Mboweni also said in a televised speech to ...
2008-06-12 06:27:00 -
Bernanke: Fed needs to stay 'dynamic' - CNN Money
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke says the central bank must remain a "dynamic institution" to deal with economic and financial challenges. The Fed, created in 1913 after a series of bank panics, is now fighting battles on ...
2008-06-12 09:18:00 -
Consumers pessimistic on prices and rates - This is Money
Consumers believe that the 'true' rate of inflation is 4.9% and that interest rates will have to rise to rein it in. The latest Bank of England survey shows that consumers' average estimate of inflation has jumped a whole percentage point since ...
2008-06-12 09:11:00 -
Housing policy chief sees more challenges ahead - Reuters
WASHINGTON (Reuters) - The current national housing crisis will continue to cause disruptions in the economy as interest rates increase on more mortgages and more home loans fail, the top U.S. housing policymaker said on Thursday. "We know that much ...
2008-06-12 11:06:00 -
UPDATE 1-Fed must take steps to contain inflation-Plosser - Reuters
NEW YORK, June 12 (Reuters) - Philadelphia Federal Reserve President Charles Plosser on Thursday said current U.S. interest rates are supportive to growth, but the Fed needs to stay vigilant in keeping inflation expectations contained. "Monetary ...
2008-06-12 06:27:00 -
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2008-06-12 11:37:11