Mortgage and Financial News From 2007-9-16 Page 10
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Interest rate cut could ease mortgage fears (Bradenton Herald)
Wall Street players aren't the only ones with a lot riding on whether the Federal Reserve cuts interest rates on Tuesday - Main Street could also see some pretty dramatic benefits.
2007-09-16 12:06:46 -
Credit remains available, but check the fine print
Biloxi Sun Herald - Credit card default rates are increasing, bankruptcy filings are on the rise and falling home prices are making it harder to get cash by refinancing a mortgage. That doesn't mean access to easy credit has dried up. At Best Buy, you can buy a flat ...
2007-09-16 10:49:00 -
Kiwibank gets jump on rivals with interest cut
Stuff - Banks are guarded about the possibility of a mortgage rate war after Kiwibank undercut its rivals on fixed-rate home loans. Economists are also warning that any rates war could backfire on exporters. Kiwibank is today launching a three-year fixed ...
2007-09-16 09:59:00 -
WEEKEAHEAD-Emerging debt investors hope for Fed rate cut
Reuters - Federal Reserve to cut interest rates by at least 25 basis points on Tuesday, but ... In a sign of the ongoing impact of the U.S. subprime mortgage problems, the Bank of ... The group, which had lent aggressively to home buyers, fell victim to the sharp ...
2007-09-16 10:49:00 -
Houses 'unaffordable'
New Zealand Herald - Current real estate prices, mortgage rates and incomes were three key determinants of home loan affordability. Affordability reached its weakest point for Auckland, Wellington, Central Otago Lakes and Otago, and for Canterbury remained at the weakest ...
2007-09-16 09:59:00 -
AP Business NewsBrief at 3:04 p.m. EDT
CNBC - ... up: the Federal Reserve meets this week to decide what to do about interest rates ... for $5._ Cookies, two packages-for-one at $3.99. _ New $200,000 fixed-rate mortgage ... Stores now market mortgages, home equity lines of credit and a just-expanded set ...
2007-09-16 11:54:00 -
Fed ready to lower rates this week for first time in more than 4 years
CNBC - Higher interest rates and weaker home values clobbered homeowners, particularly "subprime" borrowers with spotty credit histories ... Hedge funds and other investors in subprime-related mortgage securities took a huge financial hit. A credit crisis ...
2007-09-16 09:02:00 -
4 Investment Banks Will Report Earnings
US News and World Report - ... Group Inc., Morgan Stanley, Lehman Brothers Holdings Inc., and Bear Stearns Cos. have been squeezed by turmoil in the mortgage ... However, should central bankers lower rates, it might infuse enough enthusiasm into the credit markets to provide and ...
2007-09-16 12:23:00 -
Interest rates cut but no price war (Stuff)
Banks have begun cutting interest rates on fixed-term home loans, but are pouring cold water on the prospect of an all-out price war.
2007-09-16 10:13:08 -
Subprime woes may spread to bond funds
Arlington Heights Daily Herald - Some experts -- and hedge fund investors who have made big bets that the mortgage ... in riskier short-term debt already have been whacked by soaring default rates on ... has rated in recent years, with the overwhelming majority occurring in the lowest ...
2007-09-16 04:01:00 -
Home sales hit 15-year low for August
Silicon Valley - Bay Area home sales last month fell to their lowest level of any August in 15 years, reflecting consumers' wariness ... In the meantime, he's checking in regularly with his mortgage adviser on rates and availability of jumbo loans. "Right now, what's ...
2007-09-14 08:00:00 -
Brunswick might catch a wave
Chicago Sun-Times - ... at $22.01 is just off the 52-week low it established the same session, the lowest ... of crops, letting agribusiness giants buy their ingredients at low rates while ... NUVEEN IN PLAY? TheDeal.com reported that turmoil in the mortgage industry could ...
2007-09-16 01:53:00 -
Why Northern Rock was doomed to fail
Daily Telegraph - It consistently offered the lowest mortgage rates in the market. Its service levels were good, which kept it on the right side of the UK's independent financial advisers and mortgage brokers, who provide it with about 95 per cent of its ...
2007-09-15 07:33:00 -
Slower inflation, even-weaker housing will support rate cut
Marketwatch - ... coming week will largely support the Fed's expected decision to cut interest rates ... adjusted annual rate of 1.36 million from 1.38 million in July. It'd be the lowest ... Inventories are already bloated, while foreclosures and adjustable-rate mortgage ...
2007-09-16 09:31:00 -
Don't worry, you'll still be able to afford a mortgage
Observer - Existing mortgages are unaffected and new fixed-rate loans are actually falling in cost right now. Sub-prime borrowers are suffering rate rises, and should remortgage to a standard mortgage if at all possible. But the vast majority of borrowers are ...
2007-09-16 04:30:00