Lamont Mortgage Rates and Information Online from competing Lenders

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Rate cuts a boost for home buyers: HIA - West Online
Another cut in official interest rates will help more Australians live the dream of home ownership, the Housing Industry Association (HIA) says. The Reserve Bank of Australia (RBA) cut the cash rate by 100 basis points to 4.25 per cent on Tuesday ...

Cut to open home ownership door: HIA - West Online
Another cut in official interest rates will help more Australians live the dream of home ownership, the Housing Industry Association says. The Reserve Bank of Australia cut the cash rate by 100 basis points to 4.25 per cent on Tuesday, its lowest ...

Market latest: Australia - ninemsn
The Reserve Bank has delivered an early Christmas present to homeowners by cutting official interest rates by 1 percent, taking the cash rate to its lowest since May 2002. A 100 basis point cut shaves $221 off the monthly repayment on a $350,000 ...

Industry, consumer groups welcome 1 per cent rate cut - News.com.au
INDUSTRY and consumer groups have welcomed the RBA's 100 point interest rate cut saying it would give the economy a Christmas boost. The Reserve Bank today slashed the official cash rate to 4.25 per cent in a bid to protect the economy from the worst ...

Buiter Says BOE Will Weigh Pound’s Drop on Rout Risk (Update1) - Bloomberg
Dec. 2 (Bloomberg) -- Former Bank of England policy maker Willem Buiter said that the central bank will weigh the risk of “a rout” in the pound as it cuts the benchmark interest rate to the lowest level ever this week. “The deterioration of ...

Patriots get ready for Roethlisberger, Parker - FOX News
FOXBOROUGH, Mass. — Let's get physical has long been the mantra of the Pittsburgh Steelers, who have annually featured a stout defense and strong running game in earning a spot near the top of the AFC. The Steelers' penchant for physical play ...

Counting our blessings - Richmond Times-Dispatch
Willette Campbell had the odds against her. Diagnosed in February with Stage 4 uterine cancer, she wondered whether she would see another Thanksgiving as she went through surgery and six months of chemotherapy. At age 45, she's delighted to be able ...

Pre-Budget Report: your at a glance guide - Times Online
Basic rate tax benefit will increase from £120 to £145 a year on a permanent basis. This is a surprise. Chancellor Alistair Darling was widely expected to extend the basic rate tax benefit for a further two years. Instead, the estimated 22 million ...

Parties reveal their battle lines for the next election - Times Online
The Conservative leadership sidestepped what it saw as an attempt by Labour to portray it as the friend of the wealthy by refusing to oppose the tax rises on people earning over £100,000. Drawing the battle lines for the general election, it instead ...

God help Canada. - Globe and Mail
Wave Length from Toronto, Canada writes: Oh -- the irony. The Crown -- our real and much-disparaged legacy -- may see us through this entirely unnecessary crisis induced by Stephen Harper's reactionaries. Harper's bunch call themselves 'Conservatives ...

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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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