Mortgage and Financial News From 2008-1-7 Page 15

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  • Fed's Lockhart predicts 'slowing but growing' economy, won't rule out ...

    CNBC - ATLANTA - More interest-rate cuts may be on the way, but Atlanta Federal Reserve President Dennis Lockhart still doesn't see a U.S. recession on their heels. The central banker said he "wouldn't foreclose" the possibility that the Fed will lower its ...
    2008-01-07 01:41:00

  • Pressure for rate cut grows as high street reports grim sales

    Times Online - The Bank of England will come under intense pressure to cut interest rates this week as figures out today show that the high street suffered its worst Christmas for three years. The British Retail Consortium will report that like-for-like sales ...
    2008-01-07 05:22:00

  • Mortgage lenders fail to pass on rate cut

    Daily Telegraph - Several mortgage lenders have failed to pass on last month's interest rate cut to borrowers as many struggle to meet soaring repayments. Eighteen of the country's 103 mortgage lenders have not reduced the cost of borrowing and 16 others have brought ...
    2008-01-07 07:17:00

  • Remaining banks likely to follow with rate rises

    News.com.au - Australia and New Zealand Banking Group (ANZ) yesterday followed National Australia Bank (NAB) and increased its variable interest rate on mortgages, independent of any action by the Reserve Bank of Australia . The banks cite increased costs from the ...
    2008-01-07 07:03:00

  • Bush Lauds Economy for Its Resilience - Washington Post

    Bush Lauds Economy for Its ResilienceWashington Post, United States - 43 minutes agoHe said that a plan he engineered for mortgage servicers to freeze interest rates for certain subprime mortgage loans that are scheduled to reset is moving ...
    2008-01-07 06:54:49

  • Yen Falls on Speculation BOJ's Fukui to Signal Rates on Hold - Bloomberg

    Yen Falls on Speculation BOJ's Fukui to Signal Rates on HoldBloomberg - 39 minutes agoThe chance of the BOJ raising interest rates by June is 1 percent, according to calculations by JPMorgan using overnight interest-rate swaps. ...
    2008-01-07 06:58:48

  • Tokyo shares end morning lower on US economic worries - Forbes

    Tokyo shares end morning lower on US economic worriesForbes, NY - 36 minutes ago... still worried about the health of the US economy, unconsoled by hopes that the Federal Reserve will cut interest rates again to ward off a recession. ...
    2008-01-07 07:01:40

  • When's the time to refinance? Play is safe, experts say - USA Today

    When's the time to refinance? Play is safe, experts sayUSA Today - 36 minutes agoCurrent interest rates are about 6% for a 30-year, fixed-rate mortgage, and much lower than your reset rate of 6.65%.While some economists predict a ...
    2008-01-07 07:02:01

  • Affordability crisis to continue - NEWS.com.au

    Affordability crisis to continueNEWS.com.au, Australia - 36 minutes agoWestpac senior economist Matthew Hassan said the fall in approvals of private sector houses was probably due to the interest rate rises in August and ...
    2008-01-07 07:02:06

  • Nvidia announces new chipsets, Hybrid SLI - Cnet Asia

    Nvidia announces new chipsets, Hybrid SLICnet Asia, CA - 34 minutes agoGeForce Boost, alternatively, should interest mainstream desktop gamers, and will have an impact as soon as you get an NForce 700-series chipset. ...
    2008-01-07 07:03:56

  • Simple Solutions to Home Buying Challenges - Auburn Citizen

    Simple Solutions to Home Buying ChallengesAuburn Citizen, NY - 33 minutes agoInterest rates are still relatively low and the market in many areas of the country is turning in favor of buyers. Challenge: "I don't have enough cash for ...
    2008-01-07 07:05:20

  • Remaining banks likely to follow with rate rises - Melbourne Herald Sun

    Remaining banks likely to follow with rate risesMelbourne Herald Sun, Australia - 32 minutes agoINTEREST rate rises from the rest of the major Australian banks are inevitable, according to analysts. The banks cite increased costs from the global credit ...
    2008-01-07 07:05:29

  • Asian Stocks Gain for First Time in Four Days; Developers Rise - Bloomberg

    Asian Stocks Gain for First Time in Four Days; Developers RiseBloomberg - 31 minutes ago8 (Bloomberg) -- Asian stocks rose for the first time in four days, led by Hong Kong developers, on mounting speculation interest-rate cuts will spur demand ...
    2008-01-07 07:07:11

  • Hong Kong shares higher on early bargain-hunting after firmer Dow ... - ABCmoney.co.uk

    Hong Kong shares higher on early bargain-hunting after firmer Dow ...ABCmoney.co.uk, UK - 31 minutes ago'The Fed is going to have a gradual, step-by-step easing of interest rates,' Tam said. He dismisses speculation about a 50-basis point rate cut this month ...
    2008-01-07 07:07:12

  • Knology closes acquisition of Graceba Total Communications - Computer Business Review

    Knology closes acquisition of Graceba Total CommunicationsComputer Business Review, UK - 27 minutes agoThe company has fixed the floating LIBOR rate at 3.995% through an interest rate swap contract. Rodger Johnson, president and CEO of Knology, ...
    2008-01-07 07:10:37

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