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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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Bucks mortgage rates news:
Financial News
Banks cut rates after Ottawa steps in - Globe and Mail
OTTAWA, TORONTO -- Royal Bank of Canada's Barbara Stymiest paused at midday yesterday in the midst of explaining the balancing act that's required to fund a major financial institution during a credit crisis. The chief operating officer had been ...

Interest rates cut in global move - Bucks Herald
Borrowers and banks have been thrown lifelines in a far-reaching attempt to salvage the ailing world economy. The Bank of England cut interest rates by 0.5% to 4.5% as part of a global response to the meltdown in financial markets - the first co ...

Reserve Bank moves to increase liquidity, but yet to touch rates - New Zealand Herald
The Reserve Bank has moved to free up liquidity in the New Zealand financial system and says it is keeping in close touch with banks and the government. But on a day when central banks around the world cut interest rates in a co-ordinated move it ...

Spain's Showy Debt Collectors Wear a Tux, Collect the Bucks - Wall Street Journal
MADRID -- Stepping out of a black-and-white car, Manuel Llan slips on a top hat, bow tie and a mournful expression. Before knocking on the door, he picks up his briefcase and pauses for effect, making sure the neighbors can read the writing. El ...

Banks pass on the bucks - Calgary Sun
TORONTO -- Canada's big banks are passing on more interest rate cuts to consumers and companies in the wake of Ottawa's promise to help them obtain billions of dollars in additional money by freeing up frozen credit markets. TD Canada Trust and CIBC ...

Blaming the Poor - Huffingtonpost.com
I posted the following article on the Guardian's Comments is Free site yesterday. It says things that I think need to be said, about the moral crassness of the commentators who have taken to blaming poor people for the financial collapse we're ...

PM makes financial stability pledge - Bucks Herald
Gordon Brown reaffirmed his determination to "take whatever action is necessary" to maintain the stability of the financial system in the face of the latest market turmoil. The Prime Minister updated ministers on the latest situation at a meeting of ...

Subprime borrowers may face new hit next month - Miami Herald
Subprime borrowers could be in for another clobbering next month when a new round of interest rate changes boosts their monthly mortgage payments to unaffordable levels, more evidence that constricted credit markets are taking a heavy toll on ...

Bailout has yet to ease investors' fears - Dallas Morning News
The Federal Reserve is pumping more than $800 billion in loans and investments into banks and corporations. In a move coordinated with other central banks around the world Wednesday, the Fed cut interest rates. The Treasury has $700 billion to buy ...

Beat the Rush to the Banks - Washington Post
Resize As Warren Buffett once said, you never know who's been swimming au naturel until the tide goes out. And as investors have discovered, the U.S. banking system spent the better part of the past decade's housing bubble doing an underwater ...

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