Mortgage and Financial News From 2007-8-19 Page 12

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  • Hawaii mortgage rates hold steady

    MSN MoneyCentral - Interest rates on prime conforming fixed-rate mortgages ticked up a little in the past week, in line with 10-year Treasury rates movements and retracing part of last week's decline," said Frank Nothaft, Freddie Mac vice president and chief economist ...
    2007-08-17 12:53:00

  • Risky borrowing

    Daily Item - Now, the experts say there are reasons to worry the problems may be spreading beyond the sub-prime markets. Many people have so-called adjustable rate mortgages. The loans are set up so the initial interest rate is low. In the months ahead, many of ...
    2007-08-19 10:16:00

  • State fights water firm; 2 agencies ask that rate hike sought by Aqua ...

    Daily News - Two state agencies will try to block proposed rate increases that could double ... laying out the facts and the OPC’s concerns,” Brown said. “This is a prime ... required to refund to customers the difference from the interim rates with interest ...
    2007-08-19 10:16:00

  • Wall St and London soar as Fed cuts rate

    Times Online - Leading shares in London and New York soared today after the US Federal Reserve cut its discount rate to ease the credit ... With the global extent of both the yen carry trade and sub-prime risk both vast, totally unknowable unknowns,” said one ...
    2007-08-17 02:07:00

  • Rates will rise if necessary

    News.com.au - Opposition Treasury spokesman Wayne Swan said Mr Stevens' comments had debunked Prime Minister John Howard's explanations for interest rate rises. "(Mr Stevens') evidence underscores the irresponsible action of the Prime Minister at the last election ...
    2007-08-17 03:55:00

  • Mortgage rates rise for first time in four weeks

    CNN Money - Interest rates on prime conforming fixed-rate mortgages ticked up a little in the past week, in line with 10-year Treasury rates movements and retracing part of last week's decline," said Frank Nothaft, Freddie Mac's ( Charts , Fortune 500 ) chief ...
    2007-08-17 07:58:00

  • Rudd won't make interest rate pledge

    Nine MSN - Opposition Leader Kevin Rudd has declined to make a pledge that Labor would keep interest rates lower than the government. "The irresponsible thing for any political party to say is what (the Prime Minister) Mr Howard said last time - that he could ...
    2007-08-19 05:58:00

  • Bank of Japan likely to leave rates on hold at next policy meeting ...

    FXStreet.com - BOJ policymakers have no choice but to skip an interest rate hike this month as they cannot assess the course of the world's biggest economy," Jiji said. On the Tokyo Stock Exchange on Friday, the 225-issue Nikkei average fell 874.81 points, or 5.4 ...
    2007-08-19 08:21:00

  • Fed cuts interest rates by half-percentage point

    Detroit Free Press - It is much more critical in determining interest rates in the economy such as banks’ prime lending rate. The nation’s once high-flying housing market is sinking deeper into gloom, and credit, the lifeblood of the economy, is drying up. Many ...
    2007-08-17 02:29:00

  • Explaining the Fed’s rate cut

    Philadelphia Inquirer - ... no immediate affect for the consumer, the Federal Open Market Committee is likely to cut the fed funds rate at or before its Sept. 18 meeting. Banks adjust their prime rates based on the fed funds rate. And changes in the prime rate affect interest ...
    2007-08-17 07:15:00

  • Costello hits out over rate rises

    News.com.au - TREASURER Peter Costello has denied that another interest rate rise would kill the Federal Government's re-election hopes. The ... If rates rise again in November, it would be the sixth hike since Prime Minister John Howard campaigned in the 2004 ...
    2007-08-19 06:48:00

  • Fed cuts rate to stabilise market (BBC News)

    The US Federal Reserve cuts the interest rate at which it lends money to banks from 6.25% to 5.75%.
    2007-08-17 01:06:35

  • Rate rises spell tougher times ahead for most of us (Independent Online)

    Another interest rate increase with more pressure on the family wallet. Since June last year, interest rates have gone up by three percentage points.
    2007-08-18 11:32:24

  • Major banks announce hike in prime lending rate (SABC News)

    All four major banks have announced a 50 basis point increase in their prime lending rate and the mortgage rate to 13.5%. Absa and Standard Bank will raise their rates from tomorrow, while Nedbank and First National will raise their rates from Monday.
    2007-08-16 04:45:26

  • Fed cuts bank interest rate to calm markets (Chicago Tribune)

    The Federal Reserve, declaring that increased economic uncertainty poses risks for U.S. business growth, announced Friday that it has approved a half-percentage point cut in its discount rate on loans to banks.
    2007-08-17 12:55:31

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