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PMI Survey: East Bay among top 13 U.S. markets at risk for home-price declines
The Oakland-Fremont-Hayward metropolitan statistical area is among the top 13 U.S. markets at risk for home price declines over the next two years, according to PMI Mortgage Insurance Co.'s risk index released today.
Bizjournals.com

Away: A Breath of Plein Air on Maryland`s Eastern Shore
Many second-home owners on Tilghman Island, just off the tip of the Bay Hundred peninsula, are buying old houses and rehabbing them.
New York Times

Bank will need to cut interest rates further, experts say
City experts welcomed the Bank of England's decision to cut interest rates by a quarter point to 5pc today but warned homeowners against premature celebrations as the reduction is unlikely to feed through to mortgage rates quickly.
Telegraph

Lenders cut standard mortgage rates
LONDON (Reuters) - Several top lenders cut their variable mortgage rates by 25 basis points on Thursday, matching a move by the Bank of England to pass on some relief to homeowners facing a jump in costs.
reuters.com

Base rate cut. But don`t hold your breath
As expected the Bank of England has cut base rate by 0.25% to 5%. But for manyhomeowners and would be purchasers the move will have little if any impact inthe short term.
moneyextra.com

Interest rate cut may not help homeowners
Homeowners may be breathing a sigh of relief that the Bank of England cut base rate by 0.25 of a percentage point to 5 per cent, but experts warn it could be a while before many homeowners get the full benefit because of deteriorating conditions in the bank lending market, writes Paul Farrow
Telegraph

Borrowers` joy as bank cuts interest rates for a third time
HOMEOWNERS, borrowers and businesses were celebrating today after the Bank of England announced a reduction in interest rates for the third time since early December.
Scotsman

Interest rates cut by 0.25pc
Homeowners may be breathing a sigh of relief that the Bank of England cut base rate by 0.25 of a percentage point to 5 per cent, but experts warn it could be a while before many homeowners get the full benefit because of deteriorating conditions in the bank lending market, writes Paul Farrow.
Telegraph

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Archived "business - land home" news stories.

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