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U.S. move cuts mortgages to lowest rate since February (Baltimore Sun)
U.S. move cuts mortgages to lowest rate since February Home loan borrowers with good credit could be in for some of the best mortgage rates in months, analysts said yesterday, a day after the Federal Reserve announced intervention designed to make financing less costly and more readily available.
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Home-building slump hits home (The Logan Herald Journal)
Cache County homebuilders are feeling the impact of what the U.S. Department of Commerce has reported is the lowest level of construction of new homes nationally in about 50 years.
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Home-building slump hits home (The Logan Herald Journal)
A house is under construction at a new subdivision at the mouth of Green Canyon in North Logan. (Elii Lucero/Herald Journal) Cache County homebuilders are feeling the impact of what the U.S. Department of Commerce has reported is the lowest level of construction of new homes nationally in about 50 years.
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U.S. Treasury Yields Drop to Record Lows on Deflation Concern (Bloomberg)
Dec. 1 (Bloomberg) -- Treasuries rose, pushing yields to record lows, as a report showing U.S. manufacturing contracted at the fastest pace in 26 years added to speculation the deepening recession may lead to deflation.
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Real estate a tough sell in troubled economy (San Francisco Chronicle)
The severe lack of accessible capital has brought the Bay Area real estate sector to a near dead stop, upending deals, stalling development and scuttling sales, builders and brokers say. The most glaring and frightening example for many in the industry was...
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How did the NBER reach its recession finding? (The Globe and Mail)
And, how to buy gold bars for investment purposes
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Citigroup Predicts 2,000 Gold in 2009 (GoldSeek.com)
By: David N. Vaughn, Gold Letter, Inc. The horror of this financial crisis continues to grow. The debate continues over bailing out the auto industry. What do you think? If a bailout occurs it will only be the first in a never ending line of industries seeking help.
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Opposition agrees to coalition with Dion as PM (CTV Winnipeg)
In a historic political move, the leaders of the Liberals, NDP and the Bloc Quebecois signed a formal agreement Monday to topple the Tories and co-operate as a coalition government for at least 18 months.
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Mortgage rate drop sparks surge in consumer interest (San Jose Mercury News)
U.S. action this week sent mortgage interest levels to their lowest point since May. Silicon Valley loan brokers and big banks report a big increase in calls in the past couple of days.
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As Loan Rates Fall, Borrowers Seek 'Taste of the Bailout Pie' (Washington Post)
Would-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending.
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