Mortgage and Financial News From 2008-9-4 Page 3
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Britain worries as companies leave because of tax rates - International Herald Tribune
LONDON : Already struggling with an economy on the brink of recession and a record budget deficit, Britain's government is facing another problem: how to stop an exodus of British companies fleeing the local tax regime. In the past week alone, three ...
2008-09-04 10:59:00 -
Business Minute: Stocks down sharply, oil lowest in five months ... - Idaho8.com
NEW YORK (AP) - Stocks took a hard tumble. The Dow fell nearly 345 points to 11,188. The S&P dropped 38 points and the Nasdaq was down 74 points. All three indexes moved back into bear market territory, defined as a 20% drop from their peak. NEW YORK ...
2008-09-04 03:31:00 -
Navy Federal Slashes Mortgage Rates - Forbes
5.625% 30-Year Fixed Mortgage up to $730K VIENNA, Va., Sept. 4 /PRNewswire-USNewswire/ -- Effective immediately, Navy Federal Credit Union is now offering its members some of the lowest rates nationwide for a wide range of Mortgage Products. For ...
2008-09-04 05:51:00 -
Trichet piles on pressure as rates are held (The Herald)
European Central Bank President Jean-Claude Trichet unnerved stock markets yesterday by highlighting the nasty combination of a "trough" in growth in the 15-nation eurozone and upside risks on the inflation front, as the Bank of England held UK base rates at 5%.
2008-09-04 01:44:01 -
Asia DayAhead: Lehman May Move $32 Billion Assets to `Bad Bank' (Bloomberg.com)
Sept. 5 (Bloomberg) -- U.S. stocks tumbled, sending the Standard & Poor's 500 Index to the longest stretch of losses since January, after rising jobless claims heightened concern the economic slump is worsening and a decline in oil pushed energy producers lower.
2008-09-04 02:24:08 -
30-year mortgages dip slightly to 6.35 percent (San Jose Mercury News)
Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July.
2008-09-04 03:12:43 -
Austerity Britain: crunch forces consumers to change habits (Guardian Unlimited)
Evidence was mounting yesterday of consumers making deep cuts in spending, amid fears that Britain is facing the worst economic conditions in decades.
2008-09-04 04:14:36 -
Economic crunch forces consumers to change habits (Guardian Unlimited)
Spending down on cars, pensions and savings as cheaper food brands see share grow
2008-09-04 04:39:52 -
News In Brief (San Jose Mercury News)
local & stateYahoo stock at 5-year lowYahoo's stock sank to its lowest level in nearly five years Thursday, magnifying the challenge facing the Internet company as its management tries to justify its rebuff of Microsoft's $47.
2008-09-04 04:40:41 -
Home owners have been cut some slack (Mudgee Guardian)
Mortgage holders in Mudgee are expecting to save about $50 per month on the cost of an average home loan after this week’s interest rate cut.
2008-09-04 04:43:50 -
House prices record plunge in August - The Sun
Britain’s biggest mortgage lender said a typical UK house cost 1.8 per cent less. The fall brings the average price down to £174,178 — a level last seen in February 2006. It means £3,243 was wiped off in August, or £104.61 a day. The fall, for ...
2008-09-04 04:36:00 -
Sector Rotation Revs Up - Forbes
I'm not a market letter writer, thank God, but I can sniff out when speculation is in the air, and it ain't right now. The best anyone can say is that the market's efficiently priced at 15 times estimated 12 months' forward earnings. The context is a ...
2008-09-04 03:17:00 -
US mortgage rates fall 1/8 point Tuesday -BestInfo - Reuters
NEW YORK, Sept 2 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points declined 1/8 percentage point to 6-3/8 percent on Tuesday, according to BestInfo Inc. The 30-year mortgage rate with one upfront point dropped 1/8 ...
2008-09-02 12:56:00 -
Fitch Rates Florida HFC's $100MM Mortgage Revenue Bonds 'AA+' - Forbes
Fitch Ratings has assigned an 'AA+' rating to Florida Housing Finance Corporation's (FHFC) $100 million homeowner mortgage revenue bonds, 2008 series 3. The bonds are expected to be sold through negotiation this week and are expected to close on or ...
2008-09-04 11:13:00 -
Mortgage rates ease: Third week in a row - CNN Money
New York (CNNMoney.com) -- Mortgage rates declined, easing for the third straight week, according to a report from mortgage finance giant Freddie Mac. Rates for 30-year fixed-rate mortgages (FRMs) averaged 6.35% in the week ending Sept. 4, according ...
2008-09-04 09:26:00