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Whats The Highest Mortgage Rate

Inflation rate hits highest level in five years   Canada's inflation rate rose to 3.5 per cent in August, the highest level since March 2003, on rising gasoline and food prices, Statistics Canada reported Tuesday.

Immigrants' kids have highest rate of education  Statistics Canada reports that the children of Chinese and Indian immigrants have the highest rate of university education in Canada.

Australia's CBA:Market Turbulence Will Affect Mtge Rate Decision  SYDNEY -Dow Jones- Commonwealth Bank of Australia Ltd. CBA.AU General Manager of Mortgages James Sheffield Thursday said current financial market turbulence is likely to bear on any bank decision to pass on an official interest rate cut to mortgage holders.

Kiwibank lowers fixed rate  Kiwibank is cutting its two-year fixed-rate mortgage by 0.3 of a percentage point to 7.99%, saying it is "jumping the gun" on an expected cut to official rates late next month.

Rates rise, mortgage applications fall: MBA  Applications for mortgages decrease a seasonally adjusted 10.6% last week compared to a week earlier, while interest rates on fixed- and adjustable-rate mortgages rise, Mortgage Bankers Association data show.

Jobless rate at highest level since 1993  Unemployment in Illinois nudged upward to a seasonally adjusted rate of 7.3 percent in August, according to the latest report from the Illinois Department of Employment Security IDES.

UPDATE: Rates Rise, Mortgage Applications Fall: MBA  CHICAGO Dow Jones -- Applications filed for mortgages last week decreased a seasonally adjusted 10.6% compared to a week earlier, while interest rates charged on fixed- and adjustable-rate mortgages rose, the Mortgage Bankers Association said on Wednesday.

Pricing mortgage-backed securities will be tough  Some things are easy to price. Others, not so much. And that's the $700 billion problem facing the U.S. Treasury: how to value vast amounts of mortgage-backed securities that no one wants to buy.

Mortgage rates remain flat  Mortgage rates have remained relatively flat during the past week, with rates for 30-year fixed mortgages increasing slightly to 5.78 percent, up from 5.77 percent the week prior, according to the Zillow Mortgage Rate Monitor.

Crawford jobless rate up  Stung by job losses in manufacturing, Ohio's unemployment rate jumped to 7.4 percent in August, up from 7.2 percent the month before and the highest rate in 16 years, the state reported Friday.