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Bernanke: lower interest rates are 'feasible' - My West TexasWASHINGTON - Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year. The Fed's ...
Struggling families given six-month reprieve as RBS delays ... - Times OnlineBorrowers who fail to maintain mortgage repayments will be given a six-month breathing space under a plan due to be announced today by the Royal Bank of Scotland. The bank, which owns NatWest, is expected to promise not to repossess homes for six ...
Massive new programs aimed at loosening credit - My West TexasWASHINGTON - Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total ...
Site Presented By - SalonWhen confronted with the news that Wal-Mart shoppers were so eager to take advantage of a Black Friday sale that they trampled an employee to death, most people are, quite naturally, appalled. My daughter, for example, was aghast: "What kind of ...
Fed Signals More Action as Slump Drags On - Wall Street JournalFederal Reserve Chairman Ben Bernanke laid out new steps the Fed might take to lift the economy, as the chief arbiter of U.S. recessions said the nation's downturn is already a year old -- the longest in a quarter century. The National Bureau of ...
Bush oil shale rules roil Mountain West - Politico.comThe Bush administration has issued rules that take the first step toward tapping an estimated 800 billion barrels of oil trapped in sedimentary rock in Wyoming, Utah and Colorado. Seven weeks after a congressional moratorium on oil shale development ...
Fed Aid Sets Off a Rush to Refinance - Wall Street JournalThe Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...
More aid sought for housing - Riverside Press EnterpriseWASHINGTON - With nationwide sales of existing homes falling more than expected last month and the median sales price plunging to $183,000, the U.S. housing market keeps getting worse. Bracing for more bad news likely on the way, industry groups ...
Home sales heat up in the west - KING-5Sales of existing homes jumped dramatically in the Western region in October as buyers scooped up foreclosed homes and other bargains. About 104,000 existing homes and condos were sold last month in the 13-state region, a National Association of ...
More housing aid sought as prices sink further - WJLAThe Dow Jones industrials soared nearly 400 points, and the 891-point rise since Friday gave the Dow its biggest two-day percentage gain since October 1987. The major indexes all jumped more than 4.5 percent Monday. Obama unveiled the top members of ...
Today's Mortgage Terms starting with V
VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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