Newspaper article St Louis Post-Dispatch (MO)

Money Notes

Newspaper article St Louis Post-Dispatch (MO)

Money Notes

Article excerpt

IRS Getting Tough On Missing Numbers

The Internal Revenue Service says it will delay payment of tax refunds for citizens who fail to include proper Social Security numbers for dependents.

A growing incidence of fraud has moved the IRS to change its policy of processing forms with missing or incorrect Social Security numbers and asking for corrections with the refunds.

For more information, call the IRS at 1-800-829-1040. Knight-Ridder


30-year Rates Jump Up

Thirty-year mortgage rates jumped to 9.19 percent this week, the highest in more than three years.

The rate, which matches that of Aug. 16, 1991, was up from 9.05 percent last week, the Federal Home Loan Mortgage Corp. said Thursday.

The rate on 15-year fixed-rate mortgages rose to 8.67 percent from 8.51 percent - the highest since March 20, 1992. Adjustable rates climbed to 6.01 percent from 5.91 percent. Reuters


New Disclosure Rules On Muni Bonds Adopted

The Securities and Exchange Commission Thursday approved a series of rules aimed at giving investors new information to accurately price municipal bonds and learn about important events that could affect prices. …

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