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In his first policy speech since the election, President-elect Barack Obama laid out his “American Recovery and Reinvestment Plan” to stimulate the economy by pumping money into infrastructure, alternative energy, technology and aid to states ...
Read moreObama Lays Out Economic Recovery Plan; Republican Leaders Respond - The Washington Independent.com
ABOUT 750,000 London homeowners can look forward to lower mortgage bills next month following today's historic cut in interest rates. Between 40 and 50 per cent of mortgage holders will get some benefit from the 0.5 per cent reduction. However, it ...
Read moreLower mortgage bills for £750,000 in London - Evening Standard
First time buyers David Hollingworth of mortgage broker London & Country says it is possible to get a mortgage with a 10% deposit but the cost will be high: "You can easily be looking at the high end of 6% on fixed rates at a 90% loan to value ratio ...
Read moreHow homebuyers can get the best from the latest interest rate cut - Guardian Unlimited
But tracker borrowers with the Nationwide and some smaller building societies such as the Skipton and Yorkshire will not receive a windfall . They have so-called 'collars' in their small print that will stop their customers' rates falling any further ...
Read moreOnly half of borrowers benefit from rate cut - This is Money
A group of entrepreneurs is using low interest rates and the troubled economy to jump-start their company and prepare it for better times. Despite the dismal housing market and nationwide recession, Lendability.com just opened an office in Dallas ...
Read moreLendability.com expands as mortgage rates drop - Phoenix Business Journal
The Bank of England made history today by slashing interest rates to an all-time low of 1.5%. Rate-setters cut borrowing costs from 2% to 1.5% - the lowest since the Bank was founded in 1694 - but disappointed those looking for an even bigger move to ...
Read moreBank of England cuts interest rates to lowest ever - This is Hampshire
Yes, this is the guy who took over the two mega mortgage giants and effectively nationalized the nation’s housing market. He did that, in his words, “avert the financial market meltdown that would ensue from the collapse of these institutions ...
Read moreFannie And Freddie: The Old Ways Can't Go Forward - CNBC
Jan. 8 (Bloomberg) -- President-elect Barack Obama has little time to decide the fate of Fannie Mae and Freddie Mac as bank regulators warn of the drag the government-seized mortgage- finance companies are having on the U.S. economy. Federal ...
Read moreObama Must Tackle Fannie, Freddie’s Federal Ties (Update1) - Bloomberg
Negative inflation amid a recessionary economy could force the Bank of England to lower interest rates to zero, it has been claimed. The Bank of England's monetary policy committee (MPC) will announce on Thursday the extent of the expected cut in ...
Read moreBank of England may lower interest rates to zero - MyFinances.co.uk
Scott Burns was a Dallas Morning News columnist for 21 years. Today he is a syndicated columnist and a principal of Plano-based investment firm AssetBuilder Inc. E-mail questions to scott@ scottburns.com. I just received my new credit card statement ...
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