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Low Interest

February 5, 2012 | By Kenneth R. Harney
Do you fit any of these descriptions? •You came through the housing bust and recession far more debt-averse than you were before. •You've been reluctant to consider selling your house because you don't believe you'll get what it's really worth. •Buying a new home is out of the question, even with today's low interest rates, because it's so difficult to qualify for a mortgage. •You've gradually come to the conclusion that it's smarter to improve the house you already own — spend some money on making it more comfortable, more up-to-date — and just stay put for a while.
Two and a half years after Delores Jackson drowned in his swimming pool, businessman Donald Bohana pleaded not guilty Wednesday to her murder and was ordered held in lieu of $1-million bail. A short bail hearing in Los Angeles Superior Court depicted Bohana as a 60-year-old businessman with widespread contacts, a pilot's license--and more than $4 million in debts.
September 4, 1992
The Column Right (Aug. 27) by Richard Vigilante, lauding President Bush's achievement in bringing down mortgage interest rates, overlooks one important fact. This was done at the expense of the millions of retired people who thought they could live on their interest income, only to see that income reduced to about one-third of what it was two years ago. Does Mr. Bush want to brag about that? N. N. TABACHNICK Beverly Hills
August 4, 2005 | Brian Triplett, Times Staff Writer
"HERE'S the best part. You gotta watch it," says Spencer Lee, known better to some as the Bigfoot Lodge Movie Guy. "It makes no sense." The grainy black-and-white 16-millimeter film from the 1950s titled "Aqua Frolics" projects onto a 4-by-5-foot screen near the fireplace in the lodge-like bar on Los Feliz Boulevard.
December 19, 1990 | LISA MASCARO
Homeowners in Buena Park will now have a chance to make improvements to single-family homes with the assistance of low-interest loans available through the city. Just over 100 of the one-time-only loans for up to $20,000 each are available to qualified homeowners in the city on a first-come, first-served basis. And up to $30,000 is available to those residents hoping to build room additions to relieve overcrowding in their homes.
Los Angeles County's real estate market continues to climb out of the depths of the recession of the early 1990s, but the region's more affluent neighborhoods have made markedly greater gains than other areas, according to property tax data to be released today. Overall, the county's real estate assessments increased by $30 billion, or 6%, last year, a boost that shuts the door on years of decline in property values that led to government crises and financial hardship for homeowners.
July 9, 1985 | JOHN HURST and JACK JONES, Times Staff Writers
A wall of flames threatened the eastern edge of San Luis Obispo for a time on Monday, destroying several structures and forcing the evacuation of numerous residents when erratic winds abruptly pushed the week-old 58,000-acre Las Pilitas fire down out of the foothills. San Luis Obispo County Airport on the south side of the city was closed.
June 6, 2012 | By Walter Hamilton
Ultra-low interest rates on retirement accounts may force many Americans to delay their golden years, according to a new survey. One-third of investors say they may have to put off retirement because low rates are preventing them from earning enough in retirement accounts, according to the poll by Wells Fargo and Gallup being released Wednesday. Wanna-be retirees are compensating by working longer or scaling back their retirement dreams. Some people are taking more investment risks.
March 25, 2010 | Bloomberg News
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy still needs low interest rates and that the central bank will be ready to tighten credit "at the appropriate time." "The economy continues to require the support of accommodative monetary policies," Bernanke said Thursday in prepared testimony to the House Financial Services Committee, repeating parts of a statement to the panel from last month. "However, we have been working to ensure that we have the tools to reverse, at the appropriate time, the currently very high degree of monetary stimulus."
November 29, 1987
Low-interest and deferred-payment home rehabilitation loans for low-and-moderate income families can now be obtained through the Property Inspection and Reporting Service of Southern California. The organization has been named administrator of the Home Rehabilitation Loan Program for the unincorporated areas of Los Angeles County Supervisor Michael Antonovich's Fifth District. Information can be obtained by calling 213/397-9635.
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