Mortgage and Financial News From 2008-8-26 Page 6
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David Prosser's Outlook: The buy-to-let chickens come home to roost - The Independent
Talking of unsustainable asset price bubbles, have buy-to-let investors found a way to complete a virtuous circle? The buoyancy of the buy-to-let market played a significant role in Britain's house-price boom, so are landlords concerned that prices ...
2008-08-26 04:25:00 -
Mortgage Clinic: Should I buy now or wait for the stamp duty suspension? (Independent)
'I've made an offer on a house, but friends say that if the Government offers a temporary respite on stamp duty, I could save nearly £11,000 and take out a smaller mortgage. Is it too much of gamble?' TM, Milton Keynes, by email
2008-08-26 04:23:27 -
In housing market, ‘hints of a bottom’ - MSNBC
Though home prices continued to fall in July, there are growing signs that — in some regions at least — the market may be stabilizing as lower prices lure some buyers off the sidelines. But a broad housing recovery faces stiff headwinds in the ...
2008-08-26 03:20:00 -
Higher energy costs concern consumers--survey (INO News)
(AP:DES MOINES, Iowa) Retirees Madeline and Philip Ammon are feeling the financial pinch as their home energy costs climb while their income _ primarily Social Security _ remains mostly stagnant.
2008-08-26 04:31:39 -
UK lender A&L cuts some mortgage rates - Reuters
LONDON, Aug 27 (Reuters) - British mortgage bank Alliance & Leicester (ALLL.L: Quote , Profile , Research , Stock Buzz ) said it is cutting the rates on some of its home loans. A&L, which last month accepted a cash and shares offer worth 1.3 billion ...
2008-08-26 03:56:00 -
Bovis cuts jobs and prices as sales dive (Independent)
Bovis Homes has slashed its dividend and cut 400 jobs as it grapples with the deepening housebuilding slump. More big cuts in the price of its homes are also planned as it tries to tempt buyers.
2008-08-26 04:59:56 -
A&L cuts some mortgage rates - International Herald Tribune
LONDON : Mortgage bank Alliance & Leicester said it is cutting the rates on some of its home loans. A&L, which last month accepted a cash and shares offer worth 1.3 billion pounds from Spain's Banco Santander , said the rate on two-year fixed loans ...
2008-08-26 04:32:00 -
S. Florida home prices drop in July - Miami Herald
Home prices in South Florida continued their downward slide in July, weighed down by a mass of homes and condominiums on the market that won't go away amid burgeoning foreclosures and anemic sales. Another factor hobbling the market is mortgage fraud ...
2008-08-26 06:38:00 -
Reuters Business Summary (Reuters via Yahoo! Philippines News)
Fed saw weak growth, financial stress: minutes WASHINGTON - Federal Reserve monetary policy-makers this month saw a weakening economic outlook and financial market stress as supporting the case for steady interest rates despite persistent concerns about inflation. At their latest policy meeting on August 5, members of the rate-setting Federal Open Market Committee agreed that ...
2008-08-26 04:32:48 -
The Rental Society (Forbes)
The National Apartment Association is in Denver with a message: Homeownership isn't for everyone. And that's not a bad thing.
2008-08-26 04:42:56 -
Inflation Tops Fed Anxieties (Forbes)
FOMC minutes also express concern over slowing consumer spending and continued housing problems.
2008-08-26 04:43:14 -
Euro Dollar Falls to a 6 Month Low (Daily FX)
US New Home Sales Rise From a 17-Year Low New Home Sales rose 2.4 percent in July after having drop 0.6 percent in June, a modest improvement from nearly a 17 year low.
2008-08-26 04:43:18 -
The Debt Capitals Of America (Forbes)
Consumer credit problems are a worry across the U.S. these days. In these 10 cities it's a crisis.
2008-08-26 04:43:24 -
A&L cuts some mortgage rates (Interactive Investor)
Tue 26 Aug, 2008 23:23
2008-08-26 04:43:42 -
Mortgage approvals plunge by 65% (Guardian Unlimited)
Business & money: Situation unlikely to get better until availability of home loans improves and house prices stop falling
2008-08-26 04:45:28