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Today's Mortgage Terms starting with R

Refinancing:

The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.

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Williamson mortgage rates news:
Financial News
Australia May Cut Rate by Half-Point for First Time Since 2001 - Bloomberg
Oct. 7 (Bloomberg) -- Australia's central bank will probably cut its benchmark interest rate by a half point, the biggest reduction in more than seven years, to cushion the nation's economy against fallout from slowing global growth. Governor Glenn ...

Australia central bank stuns with 1 percent rate cut - International Herald Tribune
Australia's central bank stunned investors with its biggest interest rate cut in 16 years on Tuesday, lifting Asian markets on speculation other central banks would follow suit in a possibly coordinated move to combat the global credit crisis. The 1 ...

Australia c.bank stuns with 1 pct rate cut - Forbes
SYDNEY, Oct 7 (Reuters) - Australia's central bank stunned investors with its biggest interest rate cut in 16 years on Tuesday, lifting Asian markets on speculation other central banks would follow suit in a possibly coordinated move to combat the ...

top stories in Opinion - Wall Street Journal
1 of 10 Breaking with political tradition again, John McCain used last night's debate to announce a new initiative, dubbed the Homeownership Resurgence Plan . As described on the campaign Web site: The McCain Resurgence Plan would purchase mortgages ...

No bank bailouts: Flaherty - Globe and Mail
Canadian financial services industry is solid and solvent, says the finance minister, while admitting that credit is tight ... Read the full article Conservatives Lie from Canada writes: No one believes Mr. Flaherty, Mr. Harper and the Conservatives ...

The kindest cut of all - Brisbane Times
HOMEOWNERS will receive the biggest single reduction to their mortgage payments in 16 years after a worried Reserve Bank slashed interest rates by one percentage point yesterday to shield the economy against the global financial crisis. None of the ...

Defensive Harper stands by economic plan - Globe and Mail
Cadillac Rancher from VOTE STRATEGICALLY to Keep Cons OUT - www.voteforenvironment.ca, writes: . Harper's capitalist fundamentalism is wrong for tough economic times. We've been down this road before with the heartless and ideological Conservative ...

Nats trump Labour's tax package - Stuff
TAX PACKAGE: National leader John Key says the party's medium term goal is to reduce the top tax rate to 33 per cent. National will deliver tax cuts worth $47 a week to workers on the average wage of $45,000 - most delivered in April 2009. Announcing ...

Hysterical shareholders bail from market - News.com.au
INVESTORS are bloodied and bruised after one of the most dramatic days on the Australian market in years. Brokers reported hysterical shareholders trying to dump stock and cut their losses as the market closed at its lowest level in nearly four years ...

State social services secretary Ann Williamson resigns - New Orleans Times-Picayune
(AP Photo/Alex Brandon) Louisiana Department of Social Services Secretary Ann Williamson talks with the news media about the emergency food stamps program at the Morial Convention Center in New Orleans last week. She apologized for confusion that led ...

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