Mortgage and Financial News From 2008-2-16 Page 14

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  • New Tax Breaks Could Aid Homeowners (The Morning News)

    WASHINGTON - There's a bright spot or two for homeowners in a year of bad mortgage news: Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible.
    2008-02-16 05:26:22

  • The Insiders Are Selling, but Why? (NYTimes.com via Yahoo! Finance)

    The credit crisis appears to be knocking on the doors of commercial educators.
    2008-02-16 05:40:02

  • Optimists: We're near bottom of market cycle (Long Beach Press-Telegram)

    Not all real-estate watchers are bearish on this sour market.
    2008-02-16 05:45:03

  • Close credit cards 1 at a time (Long Beach Press-Telegram)

    Question: I have more credit cards than I need. Will canceling some of them affect my credit score?
    2008-02-16 05:45:13

  • Australia Will Raise Interest Rate Twice by June, Survey Shows

    Bloomberg - Feb. 15 (Bloomberg) -- Australia's central bank will raise borrowing costs in March and again by June to cool the fastest inflation in 16 years, according to economists. Governor Glenn Stevens and his board will boost the overnight cash rate target ...
    2008-02-13 03:56:00

  • U.K. Pound Posts Weekly Advance as Traders Pare Rate-Cut Wagers

    Bloomberg - Feb. 16 (Bloomberg) -- The pound had its first weekly advance against the dollar since January on speculation accelerating inflation will prevent the Bank of England from cutting interest rates. Gilts also posted their first decline in three weeks as ...
    2008-02-16 12:21:00

  • Riding the rate cycle

    Business Standard - The fear of an economic slowdown has led to increased attention on interest rates movements all over the world. Countries like the US and UK have already witnessed aggressive rate cuts to counter the threat of recession. India, on the other hand, is ...
    2008-02-16 11:34:00

  • Saudi to mull forex policy as more US rate cuts loom

    Gulf Times - Interest rate cuts and the weak US dollar are helping fuel record inflation in the region and undermine record oil earnings. Qatar recorded inflation at 12.2% in 2007, and in December Saudi inflation hit 6.5% – the highest in more than 12 years ...
    2008-02-16 02:48:00

  • Muni Regulators Seek Disclosure on Auction-Rate Bonds

    Stockhouse Canada - Revealing the interest rate would help investors and issuers, Martha Haines, head of the SEC's Office of Municipal Securities, has said. Investors have few publicly available sources of information on yields of auction-rate securities, beyond indexes ...
    2008-02-16 03:02:00

  • Cold news from Iceland, but your money can still be kept warm

    Guardian Unlimited - Savers with Icesave were dealt a blow last week as the Icelandic bank announced it would cut the interest rate on its best-buy savings account, pushing it well below the top slot. The move follows reports in the media suggesting that savers should be ...
    2008-02-16 03:59:00

  • Don’t cave in to bankers who plead for more

    Times Online - “PLEASE, SIR, can I have some more,” whinge the Oliver Twists on Wall Street. More interest-rate cuts from the Federal Reserve Board, a bigger portion of stimulus from the president and Congress, more direct relief for the housing market, a bail ...
    2008-02-16 04:56:00

  • Cold news from Iceland, but your money can still be kept warm - Guardian Unlimited

    Cold news from Iceland, but your money can still be kept warmGuardian Unlimited, UK - 1 hour agoUp to £35000 of them is, writes Lisa Bachelor Savers with Icesave were dealt a blow last week as the Icelandic bank announced it would cut the interest rate ...
    2008-02-16 04:11:19

  • Market must avoid panic and idle hands - ic Birmingham.co.uk

    Market must avoid panic and idle handsic Birmingham.co.uk, UK - 1 hour agoLSH believes the market will begin to recover in 2009, as interest rates begin to lower and consumer confidence returns.
    2008-02-16 04:12:04

  • A man about the houses - The Observer

    A man about the housesThe Observer, UK - 1 hour agohe splutters at the suggestion that cutting interest rates in the summer of 2005 - a decision his vote helped to clinch - gave the housing-market boom a new ...
    2008-02-16 04:17:17

  • How my plans to go for gold were foiled by the return of 'stagflation' - The Observer

    How my plans to go for gold were foiled by the return of 'stagflation'The Observer, UK - 1 hour agoUntil the publication of the latest inflation report, the financial markets had been expecting a whole series of cuts in interest rates. ...
    2008-02-16 04:17:18

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