Mortgage and Financial News From 2007-10-12 Page 16

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  • Calculating deferred mortgage interest deduction (Bankrate.com)

    Is deferred interest deductible? Dear Tax Talk: I have a $1.5 million mortgage that I used to buy my home in January 2005. It is negative interest and I paid about $45,000 interest in 2005 and deferred another $45,000. In late 2006 I sold the home and paid the $45,000 deferred and around $95,000 in current interest for a total of $140,000. I know I can deduct the interest on up to $1.1 million ...
    2007-10-12 04:27:44
  • American Log Mortgage Announces Innovative Spec and Model Home Financing Program (PRWeb)

    Jim Deitch, Founder and CEO of American Home Bank, said, "Our new spec financing program was developed in response to the needs of log builders, manufacturers and dealers." Deitch continued, "Builders know that showing their log homes is the quickest way to making a sale. When consumers see the quality construction, features and security of a log home model, they are more inclined to move ahead ...
    2007-10-12 12:39:51
  • General Motors' car sales jump in India

    BusinessWeek - ... it sold in India in the same period last year, even as overall demand for new cars were hit by a sharp rise in interest rates. ... Analysts said they expect the current momentum in GM's sales to continue through this fiscal year ending March 2008, but ...
    2007-10-12 06:08:00
  • Dollar Rises After Retail Sales Move Higher

    CNBC - ... costs eased last month seemed to support those investors who think the Federal Reserve will not need to cut interest rates again ... decline was limited after European Central Bank Governing Council member Vitor Constancio said the large US current ...
    2007-10-12 07:41:00
  • SUBJECT: RE: reason for the drop today! Posted By: cwhaler

    Stockhouse Canada - UUU has a current Value of $25.85 per share. Therefore, it is undervalued compared to its Price of $10.35 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value ...
    2007-10-12 01:36:00
  • Hong Kong shares close lower on profit-taking amid China tightening ...

    Forbes - ... any piece of negative news may trigger a very strong correction after the market rose to the current high level,' Kwok said. Winner Lee, associate director at BNP Paribas, noted speculation that China's central bank might raise interest rates by ...
    2007-10-12 03:16:00
  • TREASURIES-Bonds dip as traders take back Thursday gains

    Reuters - ... of data on prices and sales that will be closely watched for clues to whether the Federal Reserve will cut interest rates ... central bank officials on Friday, including Fed Chairman Ben Bernanke, although he may not shed much light on current ...
    2007-10-12 05:04:00
  • Shanghai surprise?

    Globe and Mail - He notes that the Chinese authorities are trying to encourage growth and job creation by holding down the currency and interest rates. "This policy inevitably causes overflows of liquidity as the current account surplus balloons, capital inflows soar ...
    2007-10-12 01:43:00
  • Fed's Fisher doesn't comment on policy

    Reuters - DALLAS (Reuters) - Federal Reserve Bank of Dallas President Richard Fisher did not comment on current monetary policy ... the author of the "Taylor rule," which offers a relatively simple guideline for how central banks should set interest rates ...
    2007-10-12 06:58:00
  • Long-Term Study Shows COPAXONE(R) Significantly Slows Progression

    MSN MoneyCentral - Current data suggest COPAXONE(R) (glatiramer acetate injection) is a selective MHC (Major Histocompatability Complex ... of our products and our global supply chain, environmental risks, fluctuations in currency, exchange and interest rates, and ...
    2007-10-12 07:20:00
  • Sovereign Bank Participates in Pennsylvania Program to Help Struggling ...

    Forbes - ... loans transition to traditional 30-year fixed mortgages at typically lower interest rates. Borrowers generally must not make more than $120,000, among other conditions. Because the REAL program combines up to 100 percent financing of the current ...
    2007-10-12 06:58:00
  • Euro-Zone Growth Resists Turmoil: ECB

    CNBC - Their comments bolster the chance of further tightening in interest rates once the market turmoil has calmed, although analysts see an extended pause at the current 4% rate. "My view is that the risks to inflation are, perhaps, increasing," Garganas ...
    2007-10-12 05:39:00
  • Fed chairman praises economist

    CNN Money - ... Federal Reserve and many other central banks do routinely consult various policy rules as they make judgments on the appropriate stance of monetary policy." In his remarks, Bernanke did not discuss the Fed's next move on interest rates or the current ...
    2007-10-12 06:51:00
  • Should I fix my interest rate? (Peter Switzer via Yahoo!7 Finance)

    There is talk of another interest rate rise, possibly as early as November. I'm trying to work out whether I should fix my home loan interest rates. What do you think?
    2007-10-11 11:00:00
  • BoJ opts to hold interest rates (FT.com via Yahoo! News)

    The Bank of Japan held interest rates steady on Thursday as it sought more time to assess the impact of recent credit market turmoil and a slowing US economy.
    2007-10-11 09:05:18