Mortgage and Financial News From 2008-5-14 Page 01
Previous Day: 2008-05-13
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Who's too rich to get welfare? - The Australian
A DISAPPOINTING feature of the 2008 federal budget process has been an unhealthy reintroduction of the politics of envy and an inconsistent approach from both sides of politics to means-testing welfare payments. Neither side can claim the moral high ...
2008-05-14 12:30:00 -
Now is a great time to buy a home - Leader
LYNDHURST (May 15, 2008) — If you’re ready to buy a home and can afford it, now is a great time to buy. Mortgage interest rates remain very low. In many areas, buyers have a lot of inventory from which to choose and long-term homeownership ...
2008-05-13 11:20:00 -
Whiterock REIT Announces 2008 First Quarter Results, Posts Record FFO ... - CNW Group
TORONTO, May 14 /CNW/ - Whiterock Real Estate Investment Trust ("Whiterock") today announced financial results for the three months ended March 31, 2008. The following comments and highlights should be read in conjunction with the unaudited ...
2008-05-14 04:34:00 -
Are $150,000 families rich? - News.com.au
WAYNE Swan and Kevin Rudd are under attack after their first budget stripped welfare payments and other concessions from families earning more than $150,000. Higher income earners lost the benefits to help fund $40 billion worth of nation building ...
2008-05-14 02:00:00 -
Business Minute: Stocks falter in latest session, CPI due - Idaho8.com
NEW YORK (AP) - The key averages were mixed in the latest session. The Dow fell 44 points, while the S&P lost a-half point. The Nasdaq composite surged 6.5 points. WASHINGTON (AP) - We'll get an idea this morning whether inflation pressures picked up ...
2008-05-14 02:29:00 -
How to Get a Mortgage in Today’s Market - HamptonRoads.com
(ARA) - Whether you’re buying your first home or looking for a larger home, now may be the time to act. Not only do interest rates remain relatively low, in many markets you can get much more house for your money than you could just a few years ago ...
2008-05-14 06:18:00 -
Stock & fund quotes - ninemsn
Timbercorp Limited had reported a half-year net profit of $3.5 million, down 37.6% from the previous corresponding half. While company booked group revenue increase of about 18%, net profit was impacted by a total of $11.4 million in write ...
2008-05-14 06:21:00 -
Stakes high for Labour in 2008 Budget - ONE News
The situation facing Labour has the feel of the final overs of a cricket match that is going badly. National is well ahead. Labour's run rate is too low and time is running out. Hitting singles will not win the match. They need to blast a few sixes ...
2008-05-14 08:44:00 -
FOREX-Dollar rallies broadly after retail sales data - Forbes
NEW YORK (Reuters) - The U.S. dollar rallied broadly Tuesday after a report on April retail sales beat forecasts and supported views that the Federal Reserve will probably stop cutting interest rates next month. Retail sales, excluding the hard ...
2008-05-13 01:14:00 -
Jobless queues to grow - News.com.au
THE interest rate squeeze and tumbling share markets are expected to force a dramatic cut in consumer spending that will slow the economy to a crawl and push an additional 75,000 people on to the unemployment queues by mid-2009. The consumer downturn ...
2008-05-13 02:40:00 -
Banks defy rate cut and raise overdraft charges - Guardian Unlimited
Customers are being hit with higher interest rates on overdrafts despite recent cuts to the Bank of England base rate, research has shown. At the same time, banks and building societies have been reducing the amount paid on accounts in credit by more ...
2008-05-13 04:25:00 -
Weekly earnings jump nearly 5pc to $1124 - News.com.au
THE average weekly wage in Australia is now $1124, after growing by a solid 4.8 per cent in the year to March. The quarterly seasonally-adjusted pace of average weekly ordinary time earnings (AWOTE) rose 1.1 per cent in the three months to February ...
2008-05-14 07:11:00 -
Fed's Yellen says key rate is probably low enough - Guardian Unlimited
TACOMA, Washington, May 14 (Reuters) - A top Federal Reserve official said on Wednesday that interest rates have "come way down" in recent months, and with inflation looming the central bank's key lending rate has probably been cut enough for now ...
2008-05-14 06:00:00 -
Senator wants FTC to join Countrywide investigation - USA Today
A top Senate Democrat on Wednesday asked the Federal Trade Commission to join other government and court agencies investigating Countrywide Financial, (CFC) the nation's largest home mortgage lender. Sen. Charles Schumer, D-N.Y., chairman of the ...
2008-05-13 05:54:00 -
Family Gets Mortgage Through USDA - Eyewitness News
HARTFORD, Conn. -- While tough times in the housing market are making it difficult to get a mortgage, those who don't mind living off the beaten path can get approved for a mortgage and not have to worry about closing costs. Until recently, the ...
2008-05-14 02:25:00