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News about Mortgages:
Paulson, Bernanke defend $700B bailout - Edmonton SunWASHINGTON (AP) — Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures. Paulson and Federal Reserve Chairman Ben ...
'Steady as she goes' - Winnipeg SunLt.-Gov. John Harvard delivered Manitoba's provincial throne speech yesterday, outlining the NDP government's plans for the coming year. Those plans include a flurry of bans on everything from plastic bags and making phone calls while driving to ...
Energy prices knock inflation for loop - Ottawa SunSharply falling energy prices took the steam out of inflation last month, cutting the overall rise in Canadians’ cost of living to 2.6 per cent, down from 3.4 per cent in September. On a month-to-month basis, consumer prices fell one per cent in ...
U.S. home construction sinks to record low - Winnipeg SunWASHINGTON — Construction of new homes in America plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. Embattled homebuilders, who enjoyed a five-year boom ...
TD boosts mortgage rates - Edmonton SunMortgage rates in Canada are heading higher as fears of inflation resonate through the bond market while U.S. legislators move towards agreement on a $700 billion US bailout plan for Wall Street banks. The story you are searching for is available in ...
Slow and steady growth forecast for residential real estate in major ... - CNW GroupCanadian home sales to top 500,000 in 2007 KELOWNA, BC, Oct. 17 /CNW/ - After posting extraordinary gains in 2007, housing market performance will moderate in most major Canadian centres in 2008, according to a report released today by RE/MAX. The RE ...
Ottawa boosts mortgage buyout by $50B - Edmonton SunTORONTO — The federal government will buy another $50 billion in residential mortgages to ease the credit crunch facing Canadian banks, Finance Minister Jim Flaherty said Wednesday. The move triples the amount of insured mortgages Ottawa can buy ...
Outlook for housing starts solid - Winnipeg SunOTTAWA — Canada Mortgage and Housing Corp. says housing starts in October fell compared with the previous month but better than economists had expected. The October number came in at 211,800 on a seasonally adjusted basis, which was higher than the ...
TD Canada Trust lowers prime lending rate - Winnipeg SunTORONTO — One of Canada’s biggest mortgage lenders, TD Canada Trust, has declined to match the full half percentage point cut in interest rates announced by central banks in several countries. The retail banking arm of Toronto-Dominion Bank (TSX ...
Obama campaign pushes for early votes - Globe and MailMr. Justice from Anytown, Canada writes: The Wimpocrats have had 7 years notice re: the, uh, 'unreliability' of voting via computer. Attempts to obtain the coding (which dictates the results of votes cast) to make sure that there is a way to check ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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