Cement Mortgage Rates and Information Online from competing Lenders

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Mortgage interest rate cuts bode well for home builders in 2009 - Witness
JOHANNESBURG — A round of interest rate cuts in 2009 will bode well for building and construction firms with exposure to the residential sector. So says BOE private clients construction analyst Barbara Price-Hughes. “It will take time for them ...

Krugman: Obama's Stimulus Doesn't Go Far Enough - Huffingtonpost.com
Paul Krugman has already criticized President-elect Barack Obama for appearing to rely too much on tax cuts in his economic plan. Now he's adding a more general concern that the plan doesn't go far enough to fill the 'output gap' between what the ...

German billionaire beset by money woes commits suicide - Bloggingstocks.com
German billionaire Adolph Merckle, who has been beset by money woes, committed suicide. According to Bloomberg News, Merckle, listed as 94th on Forbes' list of the world's wealthiest people, was hit by a train. His family released a statement saying ...

India Stocks Near 2-Month High on Rate Cut, Stimulus Measures - Bloomberg
Jan. 5 (Bloomberg) -- Indian stocks rose, with the benchmark Sensitive index at a two-month high after the South Asian nation cut interest rates and unveiled a stimulus package to revive an economy growing at its slowest pace in six years. Lenders ...

Read This Before You Remodel - Wall Street Journal
What Americans spend on their homes after buying them is mind-boggling. Various sources suggest that the nation's annual home-improvement bill -- do-it-yourself and professional remodeling, landscaping and major repair projects -- could be $400 ...

Kuwait- Zain Q4 net profit seen hitting KD 65m - MENAFN
(MENAFN - Arab Times) Following are fourth-quarter net profit forecasts for Saudi Basic Industries Corp (SABIC) in billions of Saudi riyals. Kuwait Following are fourth-quarter net profit forecasts for Kuwait's Mobile Telecommunications Co (Zain) in ...

Burton City Council votes to demolish Palace Gardens; Owner says she ... - Grand Rapids Press
BURTON, Michigan -- For the past three years, Elmeretta Fischer said she's been in a battle with her insurance company over a settlement for a fire that damaged her bar and nightclub. She said she planned to use the money to remodel the building. But ...

Unemployment a social time bomb for Spain - Mail & Guardian Online
The map will replace this text. If any users do not have Flash Player 8 (or above), they'll see this message. Tensions mounting between native job-seekers and immigrants competing for a declining pool of work in Spain will intensify in 2009 as ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Rohm & Haas shareholders: They easily rank as the biggest winners this week. Amid all the dismal news, Dow Chemical offered up this gift to ...

Cut taxes to spur spending, Ignatieff says - Globe and Mail
Mansbridge on the National last night was talking about recent polling results indicating a staggering 90% of Canadians stating a recession is here. That same figure however stated that they themselves have not been impacted by the recession. Wanna ...

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Today's Mortgage Terms starting with J

  • Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
  • Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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