Mortgage and Financial News From 2007-9-30 Page 2
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Outlook: Speculation Kills
Washington Post - Today, it's in danger of becoming a ghost town, largely because a swarm of speculators, real estate agents, mortgage brokers and lenders saw an opportunity to make a buck there. ... The neighborhood wasn't always a haven for criminals —- not until ...
2007-09-30 02:08:00 -
Time to reassess investment risk
Christian Science Monitor - The collapse of a few mortgage lenders rippled outward. Financial pros began repricing investments with a more sober assessment of the potential for trouble as well as for gains. "You've seen what happens when you look for too much ...
2007-09-30 11:52:00 -
Economic winds make stock market volatile
Dallas Morning News - As housing prices and homebuilding soared to their own bubble levels, the large investment banks bought up huge pools of risky loans from subprime mortgage lenders. The banks were attracted by the higher interest rates that ...
2007-09-30 05:57:00 -
Now is not the time for a wary MPC to cut and run
Times Online - Mortgage lenders are raising their rates. Meanwhile, the Royal Institution of Chartered Surveyors has reported that house prices are falling at their fastest pace in two years – so while growth in retail sales volumes of 4.9 per cent in the year to ...
2007-09-30 02:36:00 -
Banks gloomy despite profit rises
BBC News - Fears of further problems have pushed up the three-month inter-bank interest rate, or Libor, which is the rate at which banks borrow money from each other on both sides of the Atlantic. Sterling Libor has surged past the Bank of England's base rate ...
2007-09-30 05:28:00 -
Upheaval in markets sends confidence in financial services sector ...
Guardian Unlimited - The CBI said a degree of confidence was already returning to the market and the business lobby group did not expect an interest rate cut by the BoE until spring. However, Mr McCafferty stressed that the central bank must remain mindful of its role in ...
2007-09-30 05:35:00 -
Buy-to-let crisis as new flat prices fall 40 pc
Daily Telegraph - This is because the interest rate hikes over the last year has left investors, who generally take out variable mortgages, facing much higher monthly repayments. The Association of Residential Letting Agents, which represents buy-to-let mortgage ...
2007-09-30 05:42:00 -
Japanese manufacturers remain upbeat about business conditions
International Herald Tribune - ... to 20 in September from a reading of 22 in June, matching forecasts by economists. While large manufactures' business mood hasn't worsened, the mixed tankan results may not be enough to dramatically alter the view that an imminent interest-rate hike ...
2007-09-30 05:42:00 -
WEEKEAHEAD-Emerging debt to begin 4th qtr on positive note
Reuters - NEW YORK, Sept 30 (Reuters) - Emerging sovereign debt markets are poised to start the last quarter of the year with a positive tone as investors expect the U.S. Federal Reserve to deliver another interest rate cut this month, boosting the appeal of ...
2007-09-30 12:56:00 -
Japan Business Sentiment Steady in BOJ Tankan Survey
CNBC - Market players are watching the data for clues on the timing of the BOJ's next interest rate hike, although the prevailing view in the markets is that the central bank will not move for a while amid lingering worries about the U.S. economy and global ...
2007-09-30 05:28:00 -
Stephen King: The great American economic horror story
The Independent - Should they regard the Federal Reserve's recent interest-rate cuts as temporary aberrations, with rates likely to rise again next year? Or are we on the verge of a sustained period of interest-rate reductions in the US, the UK and elsewhere? It's not ...
2007-09-30 05:21:00 -
SBI indicates home loan rate cut in October
Economic Times - NEW DELHI: Hoping that RBI will bring down interest rates in its upcoming policy review, State Bank of India on Sunday said it could give discount to new housing-credit seekers in the festival season and might cut home loan rates. “If the housing ...
2007-09-30 05:07:00 -
Philippine bank wary of inflation ahead of rate meet
Gulf News - Manila: The Philippine central bank is concerned about high oil and food prices, according to senior officials, with one saying any interest rate cuts might not curb inflation-stoking foreign exchange inflows. Speaking ahead of Thursday's meeting to ...
2007-09-30 07:44:00 -
Dollar hits fresh 18-year high
News.com.au - He said the figures suggested the near-term risk of an interest rate cut in New Zealand had abated. However, some resistance to the strong rise in the local unit caused profit taking to cut the currency back to its lows of the weekend, before a Euro ...
2007-09-30 05:07:00 -
Questions potential borrowers should be sure to ask about taking out a ...
Boston Globe - What is your lowest interest rate and fee combination and how can I get it? Is the rate only for a limited period, or is it for the life of the loan? --Is there a limit on how high the variable rate can go? How often is the interest rate adjusted, and ...
2007-09-30 04:16:00