Mortgage and Financial News From 2007-8-18 Page 5
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
16 17 18 19
-
Poole Says Only `Calamity' Would Justify Rate Cut Now (Update2)
Bloomberg - ... Federal Reserve Bank, said the subprime mortgage rout doesn't threaten U.S. economic growth, and only a ``calamity'' would justify an interest-rate cut now. Poole, who confers regularly with regional business contacts and votes on rates at ...
2007-08-16 12:54:00 -
Fed chief faces calls to slash rates now
Globe and Mail - Countrywide Financial Corp., the largest U.S. mortgage lender ... cent to an annual rate of 1.38 million in July - the lowest ... And that may be why the Fed hasn't moved yet on rates. But he said hedge funds and other investors in risky mortgage bonds ...
2007-08-17 02:22:00 -
Australian, New Zealand Dollars Slump as Investors Reduce Carry
Bloomberg - New Zealand's dollar erased the year's gains and Australia's fell to the lowest since March as traders slashed holdings of ... Central banks intervene in the foreign-exchange market when they buy and sell currencies to influence exchange rates ...
2007-08-17 04:16:00 -
Market Slides As Mortgage Woes Escalate
CBS News - ... to customers with poor credit history — started going delinquent and defaulting at faster rates. The problems have spread to the broader mortgage ... The new rating is Moody's lowest investment-grade mark. Any downgrade would take Countrywide into ...
2007-08-16 03:06:00 -
Asian markets fall amid lingering U.S. mortgage fears
International Herald Tribune - ... 225 index lost 2.19 percent to 16,475.61 points on the Tokyo Stock Exchange, its lowest since Dec. 8. Traders sold financial stocks as the U.S. subprime mortgage ... worries, the market was also hurt by worries the central bank will hike interest rates ...
2007-08-15 12:55:00 -
Stocks Rally On Fed's Rate Cut
CBS News - The Fed — which had resisted lowering rates despite weeks of market volatility, and instead added nearly $120 billion in ... seen in all sectors of the stock market, but financial stocks, which have been battered by the growing problems in mortgage ...
2007-08-17 10:57:00 -
Australia Treasurer Warns Banks Not to Raise Rates (Update1)
Bloomberg - ... commercial banks not to use the surging cost of funding caused by a global credit crunch as an ``excuse'' to raise mortgage rates ... GPT now has the third-lowest investment grade ranking of Baa1. Close to 63 percent of GPT's debt needs to be ...
2007-08-17 12:53:00 -
Real Estate This Week: Mortgage Mayhem
CNBC - Mayhem continued to roil the mortgage market this week, as the subprime problem ... 70 basis points more than conventional mortgages. Some lenders have jacked rates ... permits fell again in July. An an annualized basis, activity was the lowest in a ...
2007-08-17 09:10:00 -
Wilting in a Market Meltdown
US News and World Report - ... harder to find as new-home sales continue to decline, have also begun to feel the effects of this credit crunch in the form of more stringent credit checks and rising mortgage interest rates. One report shows homebuilder confidence at its lowest ...
2007-08-16 09:04:00 -
Mortgage rates rise slightly
US News and World Report - That was up from 6.59 percent last week, which had been the lowest level since early June. This week's rate is the highest ... The mortgage rates do not include add-on fees known as points. Thirty-year mortgages carried a nationwide average fee of 0.4 ...
2007-08-16 05:08:00 -
How ratings firms' calls fueled subprime mortgage meltdown (St. Louis Post-Dispatch)
In 2000, Standard & Poor's made a decision about an arcane corner of the mortgage market. It said a type of mortgage that involves a "piggyback," where borrowers simultaneously take out a second loan for the down payment, was no more likely to default than a standard mortgage.
2007-08-18 03:18:52 -
Mortgage rates on 30-year, fixed-rate loans at lowest level since early June (Eagle-Tribune Online)
WASHINGTON (AP) - Rates on 30-year mortgages sank this week to their lowest point in two months, a dose of good news for people thinking about buying a home.
2007-08-12 04:08:05 -
30-year mortgage rates at lowest level since early June (USA Today)
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.59%. That was down from 6.68% last week and was the lowest since early June, when rates stood at 6.53%.
2007-08-10 03:34:37 -
Australia Treasurer Warns Banks Not to Raise Rates (Update1) (Bloomberg.com)
Aug. 17 (Bloomberg) -- Australian Treasurer Peter Costello urged commercial banks not to use the surging cost of funding caused by a global credit crunch as an ``excuse'' to raise mortgage rates.
2007-08-17 07:07:40 -
Mortgage Rates Rise Slightly (Washington Post)
WASHINGTON -- Rates on 30-year mortgages edged up slightly this week after falling for three straight weeks.
2007-08-16 06:21:21