Mortgage and Financial News From 2007-9-20 Page 01

RSS Feed

Previous Day: 2007-09-19

Return to the mortgage news archive home.

  • Treasury Yield Gap Reaches Widest Since May 2005 on Inflation

    Bloomberg - ... told a congressional committee that the central bank is ``actively working'' to avoid a repeat of the subprime-mortgage rout ... looking closely at some mortgage lending practices,'' Bernanke said. ``We will use our rule-making authority under the Home ...
    2007-09-20 09:47:00
  • Stocks Dip Slightly After Mixed Earnings

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... Fed Chairman Ben Bernanke's testimony Thursday about the mortgage and credit markets ... but he did not hint at what the central bank's next move on interest rates might ...
    2007-09-20 10:38:00
  • Rates on 30-Year Mortgages Inch Up

    US News and World Report - WASHINGTON (AP) -- Rates on 30-year mortgages, after dropping to their lowest point in four months, edged up this week. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.34 percent this week, up ...
    2007-09-20 12:54:00
  • Canadians Find Better Bargains in US

    Baltimore Sun - I'm going to go home and return them. I knew I was coming so I thought I wouldn't take the tags off. Now there's no way I'm ... the U.S. dollar after the Federal Reserve on Tuesday announced a dramatic half-point cut in its benchmark interest rates ...
    2007-09-20 09:50:00
  • Dollar Falls Against Canadian Dollar; Near Record Low Per Euro

    Bloomberg - ... currency and traded near a record low against the euro on speculation the Federal Reserve will keep cutting interest rates ... Bernanke told lawmakers yesterday that the central bank is ``actively working'' to avoid a repeat of the subprime-mortgage rout
    2007-09-20 10:55:00
  • 30-year mortgage rates edge up slightly (Pioneer Press)

    WASHINGTON - Rates on 30-year mortgages, after dropping to their lowest point in four months, edged up this week.
    2007-09-20 10:16:40
  • Housing Starts, Permits Sag Schumer Warns 'Worst Is Still Yet to Come'

    Washington Post - Housing starts fell to their lowest level in 12 years last month, while permits for ... number of foreclosures has jumped in some parts of the country, as interest rates ... Lawmakers and economists warned that problems in the subprime mortgage market could ...
    2007-09-20 10:16:00
  • Post-rally, stocks slide

    CNN Money - ... weak earnings from Bear Stearns and a Congressional hearing on the subprime mortgage ... boosting the corresponding yields, perhaps on worries that lower borrowing rates ... the number of Americans filing claims for unemployment fell last week to the lowest ...
    2007-09-20 03:31:00
  • Nick Martinek, Huddersfield, West Yorkshire

    Daily Telegraph - The farm-gate price of milk was at its lowest in those two years and hardly moved ... good friends and even mere acquaintances, as the only way of affording the mortgage ... Sir - We have just had a global credit crisis caused by low interest rates and ...
    2007-09-20 09:29:00
  • Central bank raises key rates by 0.125%, despite Fed cut

    China Post - ... approach in setting its monetary policy as it raised key interest rates for a 13th ... federal funds rate from 5.25 percent to 4.75 percent, after several subprime mortgage ... Meanwhile, the unemployment rate from January to July was 3.88 percent, the lowest ...
    2007-09-20 06:52:00
  • Quarterly Review

    PrimeZone - Mortgage rates have fallen to their lowest levels on record in the past few weeks. Furthermore, "based on the rapid accretion to book value and on the ability to sustain earnings power by building an on-balance-sheet portfolio, we are raising our ...
    2007-09-20 10:26:00
  • The Invasion of the Renters

    Wall Street Journal - One reason is that many lenders won't give the lowest mortgage rates to buildings with too few owner-occupants. (For example, in most cases Freddie Mac buys mortgages only for buildings with at least 60% owner-occupancy. Individual lenders often have ...
    2007-09-20 07:34:00
  • Tighter Credit Stalling Economy's Growth

    Newsday - ... the nation's economy should stumble along at a slower pace in coming months, but it may find help from lower interest rates ... Also on Thursday, the Labor Department said jobless claims declined to the lowest level in seven weeks, surprising analysts ...
    2007-09-20 03:10:00
  • Dollar Declines to Record Low Versus Euro on Fed's Rate Outlook (Bloomberg.com)

    Sept. 20 (Bloomberg) -- The dollar fell to the lowest versus the euro since the European currency's inception in 1999 on speculation the Federal Reserve will continue to reduce interest rates, dimming the allure of U.S. assets.
    2007-09-20 01:17:32
  • Central bank raises key rates by 0.125%, despite Fed cut (Chinapost.com.tw)

    TAIPEI, Taiwan -- It seems the central bank has taken a conservative approach in setting its monetary policy as it raised key interest rates for a 13th consecutive quarter, citing inflationary concerns.
    2007-09-20 07:00:05