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Learn how to prepare in the second installment of a two-part column. More Columnists ... NEW Watch Videos Today's Average Mortgage Rates Featured Partner Foreclosures rise in Lower Hudson ValleyA sharply higher number of people in the Lower Hudson Valley this year are finding themselves so far behind in their mortgage payments that they face the loss of their homes. State House candidates... your answer. Yes, taxes should be cut. I support expanding income tax brackets, enabling residents to pay lower tax rates. I also support raising the standard income tax deduction. Finally, I support an earned income tax credit for the working poor. ... Lennar Homes offers choice of low-interest mortgage optionsLennar's Central NJ Division has initiated a low-interest mortgage program as an incentive for buyers concerned that interest rates might increase. First-time homebuying myths disputed... 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Blue Sky Network Corp., a Reno, Nev., real estate concern, will pay $30,000, Trio Mortgage, a St. Louis loan marketer, will pay $5,000, and The Debt School of Weston, Fla., a debt counseling service, will pay $15,000. ... US Slowdown How Severe a Slump?Today's GDP report expected to print at an anemic 2.0% should confirm the fact that US economy is decelerating rapidly. Go East for Growth, Young Nation... consumption should indeed be celebrated, but only when it is founded upon robust production and particularly -- in today's world -- export-oriented production. But every month for the past two years, we have "oohed and aahed" when we read of ... Today's Housing Bubble Post -- Hitting The Economy Now... the most in almost 25 years. But wait, there's more! Signs it will get worse - much worse. Chicago Tribune: Adjustable rates may deepen housing trough , Existing-home sales will decline 9 percent this year, drop 8 percent in 2007, and increase less ... South Africa: Pressure Off Producers a Mere Blip -- Analysts... and analysts said yesterday that although it offered a slight breather, the trend was still upward, and interest rates were still set to rise a further 50 basis points in the current interest rate cycle. "The September decline is a blip in the ... The Real Estate Bust ContinuesAs the real estate market continues to barrel south, don't tell the Bush Administration, the Federal Reserve, International Bankers, Mortgage Bankers, Mortgage Brokers, Realtors, home builders, or even home ... Prices Of New Homes Fall 9.7%... in their area was still overpriced. The sharp slowdown in housing follows an extended boom in which the lowest mortgage rates in four decades powered sales of both new and existing homes to records for five consecutive years, helping to support the ... Inflationary pressures remain... East, Moody's said. The South African Reserve Bank's targeted measure of inflation, the CPIX (headline inflation ex-mortgage costs) rose at an accelerating rate for the fifth straight month in September, jumping to 5.1 percent - its biggest rise ... Industry news and notes... with its first casino, planned to open along Interstate 40, near Navajo, about 55 miles west of Gallup, N.M. NATION a- Rates on 30-year mortgages rose this week to the highest level in five weeks. Mortgage company Freddie Mac reported Thursday that ... 'Tax incentives on home loans a complex issue'... going to subsidise his yacht?" asked Manuel. Recently Mboweni suggested that the bank would look at delinking the mortgage rate from the prime overdraft rate. He said this in response to a question whether there should be a tiered increase in ... Real Estate Bust Continues... continues to rapidly barrel south, don't tell the Bush Administration, the Federal Reserve, International Bankers, Mortgage Bankers, Mortgage Brokers, Realtors, home builders or even home sellers. Let's keep it our little secret. Still, none of them ... Australia's Worst Drought in a Century May Crimp Growth, Spur InflationAustralia's worst drought in a century may drive up inflation and interest rates even as it detracts from economic growth, the government said today. Current Account 'Recycling' Distortions... Shanghai Composite index gained 1%, increasing y-t-d gains to 55.7%. This week, Freddie Mac posted 30-year fixed mortgage rates rose 4 bps to 6.40%, up 25 bps from one year ago. Fifteen-year fixed mortgage rates gained 4 bps to 6.10% (up 41 bps ...
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