Mortgage and Financial News From 2007-9-16 Page 5
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Foreign buyers see opportunity in U.S. real estate market
Austin American-Statesman - Those numbers are likely to grow as foreign investors, bolstered by favorable exchange rates, take advantage of the cooling ... Germany, quietly opened its first U.S. office in Naples, Fla., in 2004, it was watching two indicators with keen interest: the ...
2007-09-16 12:44:00 -
Savings: Getting Bang for Your Buck
MSNBC - For example, Countrywide Bank ( countrywide.com ) is currently offering 5.55 percent interest on a six-month CD and 5.65 percent on a ... Also, check with your broker: most online and full-service brokers can get top CD rates and pass them on to you ...
2007-09-16 12:23:00 -
The day panic came to the high street
Scotsman - Should the Bank of England cut interest rates? It has only just put up interest rates in order to tackle rising inflation. The Bank has an obligation to fix interest rates at a level to keep inflation at or near two per cent a year. There is still ...
2007-09-16 04:33:00 -
Greenspan warns on sharp Fed rate cuts: FT
National Post - WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should act cautiously in lowering interest rates because of inflation risks, according to an interview published on Sunday. Greenspan ...
2007-09-16 04:40:00 -
World's banks hit by $36bn bad debts
The Australian - Attention in the markets will switch this week to the Federal Reserve and its decision on interest rates tomorrow. While the Fed is widely expected to announce a cut in the key Fed funds rate, and possibly an accompanying reduction in the discount ...
2007-09-16 04:40:00 -
Kibaki finally names his party today
East African Standard - An impressive economic turn around from negative growth rates in 2003 to above six per cent, unprecedented tax collection ... Besides dispelling the notion he is a prisoner of any clique, class or interest groups, Kibaki has to pacify political parties ...
2007-09-16 04:55:00 -
Slumping U.S. dollar both good and bad
Santa Rosa Press Democrat - Currency traders anxiously await the Fed's Tuesday meeting for its decision on interest rates, which could further weaken the dollar. The expected quarter-point cut to 5 percent would still leave overnight rates above the European Central Bank's 4 ...
2007-09-16 03:57:00 -
Globalisation makes decoupling impossible
Economic Times - For months, the return of inflation and the need for central banks to resist it with higher interest rates were a concern. The real risk, though, is deflation, compliments of the US subprime mortgage mess and tightening credit standards. “Amid ...
2007-09-16 05:59:00 -
Greenspan faults Bush over spending
Denver Post - The elder Bush wanted lower interest rates and challenged Greenspan's inclination to raise them because of inflation risks. For Bush's father, the economy was his "Achilles' heel, and as a result we ended up with a terrible relationship." The ...
2007-09-16 04:33:00 -
High fees and interest rates bring credit-card companies under ...
Asbury Park Press - Some call it legalized loan-sharking. Others insist it's the only way to ensure all Americans have access to credit. In either case, the lending practices of credit-card companies are coming under increased scrutiny these days. Congress is ...
2007-09-16 04:04:00 -
Fed expected to cut rates
Herald - The Federal Reserve is tomorrow expected to react to the US sub-prime mortgage ... The rate in the current July-to-September period is expected to be smaller - but ... I think now it's more a question not of if the Fed cuts rates, but when and how ...
2007-09-16 01:48:00 -
When renting is the smarter move
Dallas Morning News - With the credit crunch in the mortgage market pricing out many would-be ... by checking the Web site of the Texas Education Agency, which rates school ... things like deducting for repairs all depends on the tenant being current on ...
2007-09-16 05:38:00 -
UK housing market set for a painful correction, Greenspan warns
Daily Telegraph - You're already beginning to see the mortgage rates are moving; a lot of the two-year fixes are beginning to ... The Bank of England has raised interest rates five times in the past year to their current 5.75 per cent. However, the instability in money ...
2007-09-16 04:12:00 -
Chancellor to discuss reform package with US treasury chief
Guardian Unlimited - ... reforms to global financial markets in the wake of the American sub-prime mortgage ... which the US central bank, the Federal Reserve, is expected to cut interest rates ... Under current accounting practices, the banks are required to put a realistic or ...
2007-09-16 05:09:00 -
Economic week
Daily Telegraph - ... US, the Federal Open Market Committee announces its decision on interest rates ... Committee on Thursday where he is likely to discuss the FOMC's decision and mortgage ... of the committee's discussions surrounding the potential effects of the current ...
2007-09-16 03:57:00