High jobless rate as a factor in new home starts falling Peterborough 27th 5% over last year’s pace

High jobless rate a factor as new home starts in Peterborough fall 27.5% over last year’s pace
Peterborough’s high unemployment rate of 10% is likely a factor in the fall in the amount of housing construction, an analyst with Canada Mortgage and Housing Corporation says.[...]

Read more on The Peterborough Examiner

Thurs Julian Lennon and Nancy Sinatra make the grade? We rate rock stars’ offspring following in their famous parents. . .

Do Julian Lennon and Nancy Sinatra make the grade? We rate rock stars’ offspring following in their famous parents …
Born to rock (but are they worthy?) We rate the musical offspring of superstars.

Read more on The Cleveland Plain Dealer

On 30-year fixed rate mortgage rises to fourth Pct 60th

Rate on 30-year fixed mortgage rises to 4.60 pct.
Fixed mortgage rates rose this week by the most in four months.

Read more on Seattle Times

King Diverge Further From Europe as BOE Set to Maintain Record-low rate

King Diverges Further From Europe as BOE Set to Maintain Record-Low Rate
Bank of England Governor Mervyn King’s monetary policy may diverge further from the rest of Europe today as officials keep record-low interest rates to aid the recovery and guard against threats from the Greek crisis.

Read more on Bloomberg

Health insurance rate hikes draw scrutiny at California’s Capitol

Health insurance rate hikes draw scrutiny at California’s Capitol
Speaking softly, Joseph Villela plunged into one of the Legislature’s loudest fights by telling of his mother’s plight.

Read more on The Sacramento Bee

RBNZ told to just keep neutral Official Cash Rate steady and

RBNZ told to just keep Official Cash Rate steady and neutral
A former staffer at the Reserve Bank says it should stop “playing around” with interest rates.

Read more on TVNZ

Interest Rate Roundup for June 23, 2011

Interest Rate Roundup for June 23, 2011
In a week when a report showed home sales taking a serious decline, and the Federal Reserve acknowledging the housing sector remains highly troubled, mortgage rates fell nearly across the board.

Read more on Bankrate.com

Bank fees still too high: rate city

Bank fees still too high: RateCity
Banks are still raking in more than $4 billion in fees from households, despite recording the first fall in fee revenue since 1997.

Read more on Sydney Morning Herald

30-Year Fixed Mortgage Rate Hovers Near Six-Month Low; Current rate is 4 34, According to Zillow Mortgage Rate Online

30-Year Fixed Mortgage Rate Hovers Near Six-Month Low; Current Rate is 4.34, According to Zillow Mortgage Rate Ticker
10 a.m. Pacific–SEATTLE–The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.34 percent, down two basis points from 4.36 percent at this same time last week. The 30-year fixed mortgage rate fluctuated between 4.28 percent and 4.36 for the majority of the week, rising to the current rate early this morning.Zillows…

Read more on PitchEngine

Interest Rate Roundup for June 16, 2011

Interest Rate Roundup for June 16, 2011
Here’s a look at the state of mortgage rates from Bankrate.com’s weekly national survey of large banks and thrifts conducted June 15, 2011. With interest rates on Treasury bonds rising slightly in the last week, mortgages followed suit and saw their first increase in more than two months.

Read more on Bankrate.com

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