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Fed rate cut stirs business, but it won't help everyone - New York Daily News
The refinancing rush is on. Spurred on by the sudden drop in interest rates, homeowners in New York City - and across the country - are racing to lock in fixed mortgages at lower rates. The demand appears to be biggest in the boroughs, where ...

New Farm median house price surges to $1 million - News.com.au
HOUSE hunters are in danger of being locked out of the inner-city Brisbane market, with the median price in New Farm having surged above $1 million. According to RP Data figures, a 12 per cent increase in the median house price (to $1.1 million) in ...

FINANCE: Bailout billions not making loans easier to find - North County Times
The U.S. government has pumped billions of dollars into the nation's banking system, yet borrowing money remains an obstacle for some consumers, mortgage brokers said last week. The two behemoths that oversee the nation's finances, the Federal ...

Judge grants utility reprieve over $120M payment - WHAS 11
A federal judge has granted Hoosier Energy Rural Electric Cooperative a reprieve in a complex investment deal, indirectly giving customers a reprieve of their own from possible higher rates. But U.S. District Judge David Hamilton called the financial ...

More Business - San Francisco Gate
"A house is only worth what the bank says," said Terry Hastings, a partner at Hamilton Mortgage, in Ridgefield, Conn. "It's not worth what the buyer says anymore." Mortgage lenders determined to stave off additional losses are demanding more thorough ...

The Coming Recession - Reason.com
As this issue of reason goes to press, the dollar is at a record low against the euro, oil is more than $100 a barrel, consumer prices are up 4 percent from a year ago, and Federal Reserve Chairman Ben Bernanke is cutting interest rates so often that ...

Grim data crush 5-day stock rally - Los Angeles Times
Traders grapple with a troubling day on the floor of the New York Stock Exchange. New evidence of a softening global economy sends the Dow tumbling 679 points. Manufacturing activity hits a 26-year low. Reporting from New York -- The only thing Wall ...

RAM Holdings Announces Commutation of $10.6 Billion Par MBIA Portfolio ... - Businesswire.com
HAMILTON, Bermuda--( BUSINESS WIRE )--RAM Holdings Ltd. (Nasdaq:RAMR) today announced that its operating subsidiary, RAM Reinsurance Company Ltd. ("RAM Re") has entered into a Commutation Agreement, effective November 30, 2008, to commute its entire ...

ACT houses most affordable in Australia - Australian Broadcasting Corp.
Canberra's housing market is the most affordable in the country, according to new figures released today by the Real Estate Institute (REI). The report says Canberrans spend an average 21.9 per cent of their weekly income on mortgage repayments ...

Stocks fall sharply on consumer spending worries - Los Angeles Times
Reporting from New York -- With the long Thanksgiving weekend over, nail biting returned to Wall Street today. Fresh evidence of a softening global economy, along with profit-taking after last week's big rally, put a decisive end to the stock market ...