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Orders, House Data Shows Economy on Track

By Alister Bull WASHINGTON (Reuters) - U.S. economic growth stayed on track in September, with stronger durable goods orders and positive news from the housing sector on Wednesday bolstering views the Federal Reserve will raise interest rates again. This impression was reinforced by a separate assessment from the U.S. central bank's "beige book" -- an anecdotal look at economic conditions across the country -- that the economy kept growing... : Orders, House Data Shows Economy on Track

Greenspan Tries to Soothe Housing Worries

WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday that he did not foresee big price distortions developing in home prices and said Americans were handling their debts well. Speaking to America's Community Bankers, Greenspan conceded there were concerns about "the exceptional run-up in home prices" but said hefty debt burdens seemed to be under control, provided that... : Greenspan Tries to Soothe Housing Worries

Buildings Insurance

Most lenders of mortgages insist that you have Bulidings Insurance as part of your agreement. Buildings insurance policies are usually index-linked, meaning they rise automatically every year to match the Retail Price Index (RPI). Buildings Insurance normally protects the structure of your home from: Severe Weather - Storms, Lightening, Floods. Theft and Vandalism. Fire, Smoke, Explos... : Buildings Insurance

Greenspan Urges Curbs on Fannie, Freddie

By Kristin Roberts WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan on Wednesday told Congress it must curb the rapid growth of Fannie Mae and Freddie Mac to cut the risks the mortgage finance giants pose to the financial system, just as a U.S. regulator unveiled new accounting problems at Fannie. Despite tough words from the Fed chief and regulator, shares of Fannie Mae and Freddie Mac surged as investors decided, according to analysts, that Congress may be fa... : Greenspan Urges Curbs on Fannie, Freddie

U.S. 30-, 15-Year Mortgage Rates Rise

WASHINGTON (Reuters) - Interest rates on U.S. 30-year and 15-year mortgages edged higher this week amid signs the economy is improving, stoking inflation concerns, mortgage finance company Freddie Mac said on Thursday. U.S. 30-year mortgage rates rose to an average of 5.82 percent in the week to Oct. 7, up from 5.72 percent a week earlier. Freddie Mac said 15-y... : U.S. 30-, 15-Year Mortgage Rates Rise
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