Mortgage and Financial News From 2007-12-5 Page 21
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Service sector expands further in Nov.
FXStreet.com - The weakness means the Federal Reserve "is likely to cut" interest rates further at its meeting next week, Hembre said. The ISM report said 10 service industries reported growth in November: information; retail trade; real estate and rental; public ...
2007-12-05 08:07:00 -
Eurozone retail sales tumble
MSN MoneyCentral - ... and in turn could fuel speculation that the ECB will cut interest rates sometime ... growth is slowing - but not necessarily as a result yet of the US sub-prime mortgage ... But the current pick-up in inflation argues against any early cut - and some ...
2007-12-05 07:32:00 -
US Stocks Set To Bounce Back Wednesday Morning; OPEC To Maintain ...
RTT News - OPEC To Maintain Current Production [] 12/5/2007 6:56:11 AM US stocks were ... trading following a report in The Times claiming that Britain's mortgage lenders face a £30 billion cash shortfall unless the Bank of England cuts interest rates.
2007-12-05 03:43:00 -
RBA holds rates steady on global risks
The Australian - THE Reserve Bank kept interest rates on hold today, as expected, citing the ... could have a bearing on inflation over the medium term, it judged that the current ... Mortgage Choice national manager of corporate affairs Warren O’Rourke said that ...
2007-12-05 05:37:00 -
Economy blues boost rate-cut call
BBC Business - On Wednesday, Halifax reported that UK house prices dropped 1.1% in November as higher interest rates and increased mortgage repayment ... Willem Buiter and Sushil Wadhwani, were among those calling for borrowing costs to fall from their current level ...
2007-12-05 02:31:00 -
Slowing economy increases calls for UK interest rate cut
International Herald Tribune - ... in the British pound as traders bet on the improved likelihood of a quarter percentage point cut in rates on Thursday from the current 5 ... Mortgage lender Halifax revealed Wednesday that house prices across the country fell 1.1 percent in November ...
2007-12-05 07:39:00 -
Japanese govt bonds close mostly lower as stocks rebound on Northern ...
CNBC - The report followed US Treasury Secretary Henry Paulson's comment earlier this week that the government is close to reaching an agreement to help thousands of homeowners avoid mortgage defaults by temporarily holding their interest rates at current ...
2007-12-04 11:54:00 -
Bush to outline 5-year rate freeze plan: source
Reuters - Bush will outline on Thursday a plan to freeze mortgage rates for five years for many U.S. homeowners facing sharp ... The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would ...
2007-12-05 07:32:00 -
Rate cut calls get louder
Guardian Unlimited - ... poses something of a dilemma for interest rate policy at the current time. "Overall, though, to help offset the impact of wider mortgage lending margins and mitigate the potential impact of tighter credit conditions, some reduction in interest rates ...
2007-12-05 06:42:00 -
EU's Almunia doubts lower rates would ease turmoil
Guardian Unlimited - The European Central Bank meets to review interest rates on Thursday amid expectations it will keep the current 4.0 percent reference rate unchanged ... prevent economic fallout from the market turmoil that originated with problems in the U.S. mortgage ...
2007-12-05 06:56:00 -
Pimco's Gross Says Fed May Have to Cut Rates Below 3% (Update2)
Bloomberg - Pimco's Gross Says Fed May Have to Cut Rates Below 3% (Update2) By Sandra ... quarter-point in October, its first cuts since 2003, as mounting losses on mortgage ... at 2 percent, ``a destination of 3% would therefore be a reasonable current target ...
2007-12-05 07:25:00 -
Bush to outline mortgage plan on Thursday: source
Reuters - Bush will outline on Thursday a plan to freeze mortgage rates for many U.S. homeowners facing sharp interest-rate ... The plan is aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face ...
2007-12-05 07:25:00 -
Bush to outline mortgage plan on Thursday: source (Reuters via Yahoo! News)
President George W. Bush will outline on Thursday a plan to freeze mortgage rates for many U.S. homeowners facing sharp interest-rate resets, an industry source said on Wednesday.
2007-12-05 07:19:33 -
House prices fall for third month in a row
Daily Mail - Back to home ... It comes after a bleak warning from the Financial Services Authority that 1.4 million homeowners will struggle to refinance ...
2007-12-05 12:29:00 -
Recession risk rises as subprime mortgage crisis dries up credit
San Jose Mercury News - NEW YORK - The financial crisis that began late last summer, then took a brief vacation in September and October, is back with a vengeance. How bad is it? Well, I've never seen financial insiders this spooked - not even during the Asian crisis of ...
2007-12-05 01:27:00