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  • ( ) Mortgage rates fall to four-year low

    Mortgage rates fell to a four-year low Wednesday, a day after the Federal Reserve cited a weakening economy in its emergency reduction of its benchmark interest rate.

    The drop could encourage as many as 7 million homeowners to apply for new mortgages, many to avoid resets of adjustable rates, Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. in New York, said in a report. Lower monthly payments would put more money in their pockets and encourage consumer spending, he said.

    The average rate for a 30-year fixed mortgage declined to 5.31 percent, the lowest since March 2004, when the Fed's benchmark rate was 1 percent, according to Bankrate Inc., a research firm. Fixed rates are set by investors in mortgage-backed securities based on their economic and inflation expectations. More>>

  • ( ) Your Comments : Do it my way: Bainimarama

    Bainimarama / Comments

    Your Comments : Do it my way: Bainimarama NO one will dictate the way the interim Government runs the country, says interim Prime Minister Commodore Voreqe Bainimarama. [See full story] » Comment now.

    Arun of Kinoya (64 days and 5 hours ago) But you dont even know what you're doing!

    Jonny Democracy of United States (64 days and 5 hours ago) The ARROGANCE!

    The Uneducated, Incompetent ARROGANCE of this Third World THUGG dictator is amazing!

    Who does this person think he is?

    I mean he has stolen the Nation and systematically destroyed it over the last 11 months of THUGG tyranny and he feels he's above any suggestions?

    Is this A "JOKE" ?

    This man is so impressed with himself that he seems to Know it all! Where did you get this great wisdom Mr. More>>

  • ( ) Two new 2007 tax breaks help homeowners struggling with mortgage payments

    In a year of bad mortgage news, there's a bright spot or two for homeowners: Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible.Congress acted on both provisions late last year, extending the mortgage insurance deduction for three more years and creating a new tax break for homeowners facing foreclosure.The mortgage insurance deduction will help certain low and moderate income homeowners, especially first-time homebuyers and those struggling with higher house payments as adjustable rate mortgages reset.By the way: This type of insurance should not be confused with the homeowners' insurance you take out on your home and its contents in case of fire or other disaster. It's also not the same thing as mortgage protection insurance, which is a form of life insurance some people buy to pay off a mortgage when they die.Mortgage insurance is required by government and private lenders on home purchases in which the buyer makes a down payment of less than 20 percent. More>>

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