Mortgage and Financial News From 2007-9-12 Page 18
Previous Day: 2007-09-11
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Savers, borrowers: Prepare for Fed rate cut (Tulsa World)
It's not a foregone conclusion that the Federal Reserve will cut interest rates when it meets Tuesday, but consumers might want to bank on the move anyway.
2007-09-12 03:15:23 -
Certificate of deposit rates about to head south (Pittsburgh Post-Gazette)
Not happy with the returns on your CDs? Count your blessings. Rates are poised to get worse.
2007-09-11 09:29:32 -
Dollar hits record low vs euro on U.S. rate view
MSN UK News - Everybody is counting down to September 18 when the Fed is expected to cut rates ... about turmoil in credit markets stemming from problems in the U.S. subprime mortgage ... Paulson made clear that the current crisis has very little to do with central banks ...
2007-09-12 03:23:00 -
U.K. Unemployment Dropped to a Two-Year Low in August (Update2)
Bloomberg - Rising U.S. subprime mortgage defaults have pushed up corporate borrowing costs ... The gap between three-month U.K. money-market rates and the benchmark central ... News survey on Sept. 7 forecast the bank will raise the benchmark from the current ...
2007-09-12 02:40:00 -
UCLA Anderson Forecast: U.S. Economy ''A Near Recession Experience ...
Forbes - ... not technically in a recession, though the group's economists are calling current ... and sluggish growth throughout the State's economy, with unemployment and mortgage ... He points out that in California, foreclosure rates are highest in counties with ...
2007-09-12 01:07:00 -
Mortgages hiked despite base rate freeze
This is Money - Meanwhile, the higher money market interest rates resulting from the current financial market turmoil means that some mortgage rates are set to rise.' The Council of Mortgage Lenders warned last month there has been a 30% rise in repossessions in ...
2007-09-12 02:47:00 -
Misery for homeowners as Abbey becomes first to raise interest rates
Daily Mail - Meanwhile, the higher money market interest rates resulting from the current financial market turmoil means that some mortgage rates are set to rise." In another indication of the worsening finances of many families, the Council of Mortgage Lenders ...
2007-09-12 02:47:00 -
Sub-prime woes hit US lender GMAC
BBC Business - GMAC, which has borrowed the cash from Citigroup, said boosting its financial flexibility was "a prudent measure" in the current market environment. Hit by higher US interest rates, the sub-prime mortgage sector has seen record loan defaults in the ...
2007-09-12 02:40:00 -
Japan PM's departure adds to rates uncertainty (Reuters via Yahoo! Malaysia News)
TOKYO, Sept 12 - Japanese Prime Minister Shinzo Abe abruptly decided on Wednesday to quit, complicating the policy outlook for the Bank of Japan and reinforcing doubts it can raise interest rates anytime soon.
2007-09-12 03:15:01 -
N.Z. Dollar May Drop on Current Account Gap, TD Says (Update1) (Bloomberg.com)
Sept. 12 (Bloomberg) -- New Zealand's dollar may fall about 5 percent by the end of March as turmoil in global credit markets prompts investors to shun countries with current account deficits, according to TD Securities Ltd.
2007-09-11 08:22:20 -
Bernanke Mum On Interest Rates (Forbes)
Fed Chairman instead focuses on the U.S.'s swelling current account deficit.
2007-09-11 02:07:07 -
Hot Mortgage Trends (Richfield Reaper)
(ARA) - Rates are up, rates are down. It's a buyer's market, it's a seller's market. If the housing market seems like a roller coaster for would-be buyers, that's because it is. But understanding the most current trends can help buyers know when to get on -- or off -- the ride.
2007-09-11 12:04:02 -
Global Savings Glut Floods Markets With Cash, Low Rates (The Tampa Tribune)
BERLIN - Federal Reserve Chairman Ben Bernanke said Tuesday that heavy saving by oil producers and Asian nations has helped depress interest rates by keeping financial markets flush with cash. But he warned against banking on this effect - one that probably helped create the current financial crisis - for the long term.
2007-09-11 06:08:47 -
Misery for homeowners as Abbey becomes first to raise interest rates (Daily Mail)
Homeowners face higher mortgage repayments as one of Britain's biggest lenders raise its rates today. Abbey, the nation's second biggest mortgage lender, will become the first High Street bank to raise the interest in a range of its standard tracker mortgages as a direct result of the volatile markets
2007-09-11 05:24:14 -
Abbey raises mortgage rates (BBC News)
Abbey is the first UK bank to raise its mortgage rates as a result of the turmoil in the financial markets.
2007-09-12 04:51:08
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