Mortgage and Financial News From 2007-8-18 Page 17

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  • Home-mortgage woes: Can we ease the pain? (Seattle Times)

    The current trials and tribulations of the home-mortgage market stem from a repricing of risk. There is no shortage of mortgage money &...
    2007-08-18 07:29:11
  • US MBA Mortgage Survey Table Of Current Interest Rates (The Forex Market)

    Change in Contract Rate (bps) Effective Total Contract 1 Week 4 Weeks 1 Year Rate Points Rate Ago Ago Ago 30-Year Fixed 6.76 1.54 6.45 4 -16 -9 15-Year Fixed 6.48 1.16 6.19 3 -10 4 7-Year Balloon 5.79 1.08 5.52 8 -17 -92 5-Year Balloon 6.45 1.10 6.18 15 -4 -67 ARM, 1-Yr Tsy 6.08 1.11 5.81 11 21 -17 FHA 203 (b) 6.72 1.11 6.53 -1 -21 2 All rates except FHA 203(b) are for 80% loan-to-value mortgage.
    2007-08-15 11:51:28
  • Fitch Rates $128MM Ohio GOs 'AA+'

    Forbes - Business Wire - Press Release Fitch Rates $128MM Ohio GOs 'AA+' 08.17.07, 4:01 PM ... Debt service for most GO issues, including current bonds, are subject to the total ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-08-17 07:58:00
  • Howard grabs a lifebuoy

    Sydney Morning Herald - As James says, the current shakeout on world financial markets had its genesis in super low interest rates that emerged in 2003, when the US Federal Reserve was forced to cut its official federal funds rate to an unheard of 1 per cent to avert a ...
    2007-08-18 08:15:00
  • Fitch Rates Wal-Mart's $2.75B Sr. Unsecured Notes 'AA'; Outlook Stable

    Forbes - Fitch Rates Wal-Mart's $2.75B Sr. Unsecured Notes 'AA'; Outlook Stable 08.17.07, 4 ... with the latest twelve month adjusted debt/EBITDAR and EBITDAR coverage of interest ... However, credit metrics are expected to remain steady at current levels. Fitch's ...
    2007-08-17 09:03:00
  • Sub-prime crisis 'won't affect us'

    News.com.au - ... difference to the macro-economic outlook sufficiently to outweigh what we thought was a pretty clear case for a modest adjustment in interest rates. "I still think that." Market instability 'will settle' Mr Stevens said he believed the current ...
    2007-08-17 06:04:00
  • Proposed bond could breath life into redevelopment goals

    Eureka Times-Standard - However, the city manager stressed, the agency has been charging interest throughout the years equal to what the money would have earned had it been sitting in the city's treasury -- a figure that's adjusted monthly to reflect current interest rates ...
    2007-08-18 11:07:00
  • Twin Cities Credit Union Takes on the Challenge of Helping Local ...

    Forbes - Challenge is to educate people about the real costs of high rates, which results in paying too much in interest on borrowed money. ... promise is to help people get smart with their money, which means showing them how much their current ...
    2007-08-16 02:01:00
  • South Africa: Rates Forecast to Hike by 50 Basis Points

    AllAfrica.com - The liquidity crisis, however, had made the Federal Reserve more inclined to maintain the current rate of 5.25 percent, as lowering interest rates would have costly long-term implications for the economy. Mr Smit said central banks across the world ...
    2007-08-16 10:55:00
  • Investors: Cut rates!

    MSNBC - Speculation is growing that the Fed also will cut interest rates, perhaps as soon as next ... into the banking system, the Fed sought to keep the federal funds rate, the interest that banks charge each other, from rising above the Fed’s current ...
    2007-08-17 12:10:00
  • Fed interest-rate cut may be opening salvo

    Louisville Courier-Journal - Fed interest-rate cut may be opening salvo Bernanke signals more are possible ... to concern about economic growth is the precursor to an actual cut in rates ... The current credit crisis began with rising defaults on subprime mortgages. It ...
    2007-08-18 09:48:00
  • Howard Davies' Take on the Market Turmoil

    BusinessWeek - In this wide-ranging discussion, Davies offers his views on everything from the genesis of the current crisis to future risks. With the market volatility showing little sign of abating what do you believe will happen with interest rates? The ...
    2007-08-17 08:41:00
  • FACTBOX-Bank of Canada interest rate structure

    Reuters - OTTAWA, Aug 17 (Reuters) - Bank of Canada interest rates are structured in such a way that it would have little flexibility to ... Under the Bank's current system, policy shifts are clearly signaled by changes in the Overnight Rate Target. The Bank ...
    2007-08-17 06:32:00
  • Stock market volatility may delay interest rate rises

    Belfast Telegraph - The bank is expected to raise interest rates by 0.25 percentage points again next month. However, economists say this could be delayed due the current stock market volatility prompted by a crisis in the US mortgage market. Austin Hughes from IIB Bank ...
    2007-08-17 11:51:00
  • Will the Fed's move be enough to rescue Wall Street?

    Slate - ... Fed's part would look like the government bailing out bad investment choices, such as the sub-prime loans that kicked off the current crisis. More action is expected, however, with analysts predicting a quarter-point cut in consumer interest rates at ...
    2007-08-18 10:39:00