Mortgage and Financial News From 2007-11-3 Page 7
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US dollar sinks to all-time low
News.com.au - Given increasing problems in the financial sector, the US interest rate futures market has priced an 70 per cent chance the US Federal Reserve will lower benchmark rates again in December, up from as low as 58 per cent following the US employment ...
2007-11-03 06:54:00 -
Unemployment rate holds steady Employers bolster payrolls
Inside Bay Area - The pace of economic expansion will likely slow in the near term, partly reflecting the intensification of the housing correction," Federal Reserve policymakers said Wednesday as they decided to lower their key interest rate again. The Fed sliced ...
2007-11-03 05:28:00 -
Turkish inflation hits rate cut hopes
Calgary Herald - Turkish inflation unexpectedly accelerated in October, damping expectations of further central bank interest rate cuts this year. The annual consumer inflation rate in October rose to 7.7 per cent from 7.1 per cent in September, the statistics office ...
2007-11-03 07:29:00 -
Dollar Falls to Record Low Versus Euro on Credit Concern, Fed
Bloomberg - The interest-rate differential continues to move against the dollar.'' The dollar fell 0.8 percent this week to $1.4504 per euro, reaching $1.4528 yesterday, the weakest since the European currency's debut in January 1999. The loss this ...
2007-11-03 06:39:00 -
Turkish Lira Gains Against Dollar for Second Week on Fed Rates
Bloomberg - Nov. 3 (Bloomberg) -- The Turkish lira advanced against the dollar for a second week as the Federal Reserve's interest-rate cut stoked investor appetite for high-yielding emerging-market assets. The lira, the third-best performer against the dollar ...
2007-11-03 04:30:00 -
Punters plunge on the Cup
News.com.au - PUNTERS are expected to shrug off horse flu blues and an impending interest-rate rise with a record $160 million plunge on Tuesday's Melbourne Cup. Months of frustration at limited metropolitan racing is likely to fuel a betting frenzy, with the TAB ...
2007-11-03 06:25:00 -
Rate cut won't offer immunity to investors
Chicago Tribune - Interest rate cuts don't solve those problems, she said: "The markets can deal with a lot, but not cover-ups. It shakes the markets' confidence, and we have a long way to go in coming quarters." Gail MarksJarvis is a Your Money columnist. Contact her ...
2007-11-03 06:39:00 -
Fed cuts key interest rate by quarter-point (Everett Herald)
WASHINGTON -- The Federal Reserve, confronted with surging oil prices and a slumping housing market, on Wednesday cut a key interest rate by a quarter-point, the second rate reduction this year.
2007-11-02 07:56:15 -
Interest rate cuts debated (Calgary Sun)
OTTAWA -- Canada's largest private-sector union appealed yesterday for steep interest-rate cuts to clip the wings of the soaring loonie, as well as for a federal fund to lure new investment into the auto industry.
2007-11-03 01:47:07 -
Refinancing 101
WNEP-TV 16 - Mortgage interest rates are the lowest in 35 years. Many homeowners eager to take advantage are taking steps to refinance, each ... These costs make it really worthwhile to shop around and compare prices, and include items such as title insurance ...
2007-11-02 01:00:00 -
First Time Buyers Are Fighting Back Says Fair Investment
PR.com - Undoubtedly, increased competition has helped reduce the interest rates on these types of mortgage loans, but the concern is that ... http://www.fairinvestment.co.uk/compare_mortgage_deals.aspx http://www.fairinvestment.co.uk/100_percent_mortgages_for ...
2007-11-02 11:58:00 -
Home Resales Tumble 8%
Hartford Courant - Home Resales Tumble 8% September Decline Sets Record; Median Home Prices Fall By Most In Nearly A Year THIS HOUSE in Clarence ... that before it is resolved it will rival the 1980-82 housing slump, when the industry was battered by double-digit mortgage ...
2007-11-02 10:37:00 -
European Stocks Fall This Week; UBS, Credit Suisse Retreat
Bloomberg - The bank on Oct. 30 reported its first quarterly loss in almost five years after the U.S. subprime mortgage contagion led to $4.4 billion in writedowns on fixed- income securities. Credit Suisse Credit Suisse retreated 4.6 ...
2007-11-03 06:25:00 -
U.S. Stocks Decline on Speculation of Bigger Loan Writedowns
Bloomberg - Bond insurers Ambac Financial Group Inc. and MBIA Inc. had the steepest drops in the S&P 500 as analysts said the industry could face a ``downward spiral'' if mortgage defaults increase. ``The mortgage market is just so bad, I'm not sure ...
2007-11-03 08:05:00 -
Street Quakes As Another Chief Falls
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... That firm has also seen significant losses related to mortgage securities. Marcel Rohner was named as his replacement. Both Citi ...
2007-11-03 08:05:00