Mortgage and Financial News From 2007-9-20 Page 14

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  • Interest rate cut likely but a way off (Reuters.co.uk)

    LONDON (Reuters) - Interest rates have probably peaked given that inflation appears to be receding and threats to the economy are rising although a rate cut is still a long way off, a Reuters poll shows.
    2007-09-20 12:20:50
  • How Does the Interest Rate Cut Affect You? (Jefferson City News Tribune)

    The Fed cut the interest rate Tuesday to the cheers of Wall Street. But what does that mean for the average consumer? AP Business correspondent Mark Hamrick sorts it out.
    2007-09-20 06:07:04
  • Qatar cuts interest rate (AME Info)

    Qatar said it has cut its overnight deposit facility rate by 65 basis points to 4.5%, following an interest rate cut in the US this week, reported Reuters. It left its benchmark repurchase rate unchanged at 5.55%.
    2007-09-20 03:12:07
  • Interest Rate Reduction Makes House Hunters Happy (KSBW Salinas)

    SALINAS, Calif. -- House hunters on the Central Coast are happy following a decision by the Federal Reserve to cut a key interest rate. The federal funds rate was reduced by a half point to 4.75 percent.
    2007-09-20 11:04:17
  • Federal Reserve slashes interest rate by a half-point (El Paso Times)

    WASHINGTON - In a bold strike, the Federal Reserve slashed a key interest rate by a half point on Tuesday - the first cut in over four years - and left the door open to further relief to prevent a painful housing slump and jarring credit crunch from driving the country into recession.
    2007-09-20 02:07:39
  • Oil Rises to Record as Interest Rate Drop May Spur Fuel Demand (Bloomberg.com)

    Sept. 20 (Bloomberg) -- Crude oil rose to a record $82.55 a barrel in New York on signs that U.S. interest-rate cuts and a falling dollar will bolster demand.
    2007-09-20 11:19:27
  • So Canadian importers/retailers...adapt or ta ta! ;)

    Globe and Mail - There are many other currencies in the world, compare its value to them, such as EUR ... hearing people say what you said, so I decided to looked up forex exchange rates ... with the Fed struggling to give the U.S. some stability in the face of the mortgage ...
    2007-09-20 01:58:00
  • New mortgage measure could help borrowers compare

    Reuters UK - LONDON (Reuters) - Consumers could benefit from a new way to compare the cost of home loans. A ... The new measure would also help borrowers see how future changes in interest rates would affect the costs associated with different mortgage products and ...
    2007-09-20 08:07:00
  • New mortgage measure could help borrowers compare (Reuters.co.uk)

    LONDON (Reuters) - Consumers could benefit from a new way to compare the cost of home loans.
    2007-09-20 08:21:17
  • 3 people charged in mortgage fraud case

    Minneapolis Star Tribune - St. Paul soldier earns Silver Star Around here, every day's a road trip Lots of flu shots, but too few takers Katherine Kersten: Forget football, U's SHADEy condom brings home the big prize Maple Grove writes a new chapter with $28 million library ...
    2007-09-20 09:47:00
  • 30-year mortgage rates edge up

    AZCentral.com - Listings Home Sales Home Values Mortgage Rates Mortgage Calculator Columnists Business Blogs The Republic 100 Arizona Business Gazette Data ... WASHINGTON - Rates on 30-year mortgages, after dropping to their lowest point in four months, edged up this week. ...
    2007-09-20 12:32:00
  • Goldman Net Rises 79 Percent, Lifted by Mortgage Bets (Update3)

    Bloomberg - Goldman said mortgage profits rose ``significantly,'' after wagering correctly that prices of securities tied to home loans would decline, and the firm booked a $900 million gain on the sale of Horizon Wind Energy LLC. Chief Executive Officer Lloyd ...
    2007-09-20 10:59:00
  • Markets overreacting to subprime woes - CIBC World Markets study

    Forbes - The CIBC report looked at the size and scope of the meltdown in the higher-risk home mortgage sector, predicting the subprime loan default rate would eventually reach 25 percent. But by bracing for a 30 percent default rate, the markets are 'pricing ...
    2007-09-20 08:57:00
  • TCW CDOs Dump $3.2 Billion of Mortgage Securities (Update2)

    Bloomberg - Sept. 20 (Bloomberg) -- TCW Asset Management, the money manager owned by France's Societe Generale SA, is selling $3.2 billion of mortgage securities backing collateralized debt obligations after the value of the bonds fell. A decline in the price of ...
    2007-09-20 01:15:00
  • Fed, Treasury Are Open to Easing Mortgage Limits

    CNBC - [ FRE   Loading...       ( %)   ] buy more troubled home loans if the companies control risk and agree to tougher oversight. Bernanke and Paulson have both resisted letting the two mortgage finance companies expand their presence in the mortgage ...
    2007-09-20 10:09:00