Mortgage and Financial News From 2007-12-6 Page 4

RSS Feed

Previous Day: 2007-12-05

Return to the mortgage news archive home.

  • Home loan rates 'to hit 9pc'

    News.com.au - FURTHER interest rate rises are likely in 2008 with home loan rates hitting 9.1 per cent or more, according to the South Australian Centre for Economic Studies. The centre expects the Reserve Bank to lift rates by 0.5 per cent in the first half of ...
    2007-12-06 09:57:00
  • The rate cut gift that failed to dispel fear

    Daily Telegraph - The Bank of England Governor had presented the markets with a Christmas gift few of them anticipated receiving only a week ago: an interest rate cut two months ahead of expectations. But from a glance at the City's trading screens yesterday afternoon ...
    2007-12-06 05:53:00
  • Bank of England Cuts Interest Rates

    Philadelphia Inquirer - LONDON - The Bank of England cut its key interest rate by a quarter percentage point to 5.5 percent on Thursday after growing signs that the economy is slowing. Economists had expected the decision to be a close call, as the bank weighed up rising ...
    2007-12-06 03:23:00
  • Australian shares close higher as US recession fears ease

    Forbes - SYDNEY (Thomson Financial) - Australian shares closed higher Friday, tracking gains on US markets amid hopes that the rescue package for struggling homeowners and the widely anticipated interest rate cut next Tuesday will help pull the US economy ...
    2007-12-06 09:49:00
  • Bush Subprime Plan Gets Skeptical Reaction From Democrats, S&P

    Bloomberg - Dec. 7 (Bloomberg) -- President George W. Bush announced an interest-rate freeze for subprime borrowers that Standard & Poor's warned may lead to lower ratings on some mortgage bonds and Democrats said didn't go far enough. Bush said yesterday that ...
    2007-12-06 09:28:00
  • Fixed rate loans gaining traction

    News.com.au - There is a related tendency to choose fixed rates at times of increased speculation of an official interest rate rise from the Reserve Bank of Australia (RBA). However, these strategies are flawed. It might make more sense to opt for a fixed rate ...
    2007-12-06 07:55:00
  • Interest rates to reach 9 per cent in 2008

    News.com.au - FURTHER interest rate rises are likely in 2008 with home loan rates hitting 9.1 per cent or more, according to the South Australian Centre for Economic Studies. The centre expects the Reserve Bank to lift rates by 0.5 per cent in the first half of ...
    2007-12-06 06:58:00
  • One rate cut is not enough says Bellway chief

    Daily Telegraph - John Watson, the chief executive of housebuilder Bellway, said that yesterday's quarter-point interest rate cut from the Bank of England will not be enough to offset the gloomy sentiment hitting the housing market. He said: "One small interest rate ...
    2007-12-06 05:53:00
  • One interest-rate cut ‘will not be enough’

    Times Online - The verdict from the market was resounding - one interest rate cut will not be enough. Having risen by as much as 98 points in morning trading on the expectation of a rate cut, the FTSE 100 closed down 8.2 points at 6,485.6 after the prediction came ...
    2007-12-06 04:56:00
  • Indonesian shares end morning higher on Wall St rise, domestic rate ...

    Forbes - Sentiment was also supported by the central bank, Bank Indonesia's move to cut its benchmark interest rate by 25 basis points to 8 percent. The composite index was up 18.60 points or 0.7 percent at 2,814.00, off a new all-time intraday high of 2,817.29
    2007-12-06 09:07:00
  • Indonesian shares end morning at new high on Wall St rise, BI rate cut ...

    Forbes - Sentiment was also supported by the central bank, Bank Indonesia's move to cut its benchmark interest rate by 25 basis points to 8 percent. The composite index was up 18.60 points or 0.7 percent at 2,814.00, off a new all-time intraday high of 2,817.29
    2007-12-06 09:35:00
  • Savers hit by interest rate cut

    Daily Telegraph - Britain's 25 million savers face losing out on their rates of return after the Bank of England's decision to cut interest rates. The Government's own savings bank, National Savings & Investments, said it was immediately reducing its rates on its ...
    2007-12-06 06:51:00
  • Borrowers can't afford rate rise

    News.com.au - Interest rate rises remain chief concern for consumers Related news: Rates on hold - for now More personal finance news in our Money section MOST Australians remain upbeat about the nation's economic future despite many fearing they are just one ...
    2007-12-06 09:42:00
  • Freezing interest rates on US subprime ARMs could be negative - S&P

    Forbes - BANGALORE (Thomson Financial) - Freezing interest rates on US subprime adjustable-rate mortgages (ARMs) could hurt certain first-lien subprime residential mortgage-backed securities unless they also offset default frequency or loss severity, Standard ...
    2007-12-06 09:35:00
  • Bank Cuts Interest Rate To 5.5%

    Guardian Unlimited - The Bank of England has cut interest rates in the strongest sign yet that it is worried the UK economy could be heading for a sharp slowdown. The pre-Christmas boost for borrowers will see the Bank's base rate fall by a quarter of a percentage point ...
    2007-12-06 08:45:00