Mortgage and Financial News From 2007-9-20 Page 24
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Bankrate: Mortgage Rates Inch Upward (PR Newswire via Yahoo! Finance)
Fixed mortgage rates were slightly higher this week, with the average conforming 30-year fixed mortgage rate rising to 6.32 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.34 discount and origination points.
2007-09-20 04:30:00 -
Mortgage rates lower too? Not so fast. (Bankrate.com via Yahoo! Finance)
Yes, the Federal Reserve cut short-term rates. No, that doesn't mean that mortgage rates will inevitably go down, especially in the short term.
2007-09-20 03:00:00 -
BOJ Keeps Rate at 0.5% as GDP Shrinks, Fed Cuts Rates (Update1)
Bloomberg - BOJ Keeps Rate at 0.5% as GDP Shrinks, Fed Cuts Rates (Update1) By Mayumi Otsuma ... Japan's short-term rate is the lowest among major economies. Fukui, whose five-year ... costs unchanged this month as they assess whether the U.S. subprime mortgage collapse ...
2007-09-18 09:24:00 -
High street sales beat forecasts
Guardian Unlimited - ... preferred consumer price inflation eased further in August to 1.8%, its lowest in more than a year, giving policymakers scope to cut interest rates if the ... Meanwhile separate figures from the Council of Mortgage Lenders showed mortgage lending was ...
2007-09-20 03:14:00 -
U.K. August Retail Sales Rise 0.6% on Food, Clothing (Update1)
Bloomberg - Unemployment declined to the lowest in more than two years in August, a government ... as a decade-long housing boom cools and the collapse of the U.S. subprime mortgage ... In the U.K., investors yesterday bet Bank of England will cut rates next year ...
2007-09-20 02:31:00 -
Retail sales beat forecasts
Reuters UK - Sterling rose after the figures which were released at the same time as firm mortgage ... week showed consumer price inflation eased further in August to 1.8 percent, its lowest in more than a year, giving policymakers scope to cut interest rates ...
2007-09-20 04:33:00 -
Taiwan Increases Key Rate to 3.25% to Cool Inflation (Update3)
Bloomberg - The island's benchmark rate is the second lowest in Asia, which has resulted in a record exodus of money as individuals ... The rate adjustments ``have had a very mild impact on Taiwan's housing mortgage rates.'' Global Rates Only ...
2007-09-20 02:24:00 -
Wall Street regains confidence in consumers
International Herald Tribune - Lowering interest rates will certainly help" the stock market, said Jack Ablin at Harris Private Bank ... to the rise in the S&P 500 after the rate that banks charge each other for loans declined to its lowest level since late August. Thornburg Mortgage ...
2007-09-20 03:42:00 -
Wall St, European stocks extend rate-cut rally
News.com.au - ... previous day as markets cheered the US Federal Reserve's cut in key interest rates ... Although the actions "won't turn around the huge problems in the mortgage credit ... One report showed US housing starts fell 2.6 percent in August to their lowest ...
2007-09-19 11:03:00 -
Dollar Falls to Record Low Against Euro Before Bernanke Speaks
Bloomberg - The U.S. currency earlier fell to $1.4065 against the euro, the lowest since the ... The country failed to lower its interest rates in line with the Fed, which may ... after reports showed U.K. retail sales unexpectedly increased in August and mortgage ...
2007-09-20 05:30:00 -
Retailers' Holiday Outlook Is Grim
Washington Post - The National Retail Federation , a trade group and frequent industry cheerleader, turned in its lowest holiday ... Many mortgage interest rates have shot up after concerns over defaults on risky subprime home loans rattled financial markets in ...
2007-09-19 11:25:00 -
Northern Rock shares at lowest on takeover talk
Business Day South Africa - LONDON — Shares in embattled British bank Northern Rock fell 20% to their lowest ... HBOS, the biggest UK mortgage provider with a 20% share, has in recent years made ... adding to a rebound on Tuesday amid optimism that a big cut in US interest rates ...
2007-09-20 01:48:00 -
Sterling falls beyond 70 pence vs euro on UK rate outlook
Reuters UK - ... 20 (Reuters) - Sterling fell to its lowest in 1-1/2 years against a broadly strong euro on Thursday, weakening beyond 70 pence, as investors continued to sell the pound on the view UK interest rates ... weak UK house price data, and news mortgage ...
2007-09-20 01:12:00 -
Sterling at 1-1/2 year low vs euro, but gains vs dlr
Reuters UK - ... 20 (Reuters) - Sterling dropped to its lowest in 1-1/2 years against a broadly strong euro on Thursday, weakening beyond 70 pence, as investors continued to sell the pound on the view UK interest rates ... than-expected UK retail sales and firm mortgage ...
2007-09-20 04:11:00 -
Housing Starts, Permits Sag
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 04:25:00