Mortgage and Financial News From 2008-1-30 Page 13

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  • Rate-cut spree aims to jolt economy - Pittsburgh Post Gazette

    Rate-cut spree aims to jolt economyPittsburgh Post Gazette, PA - 6 minutes agoBut if a bank is deciding how much interest to pay a depositor for a three-month CD, it has to consider how cheaply it could borrow the money from other ...
    2008-01-30 09:20:21
  • Family lending has benefits - Myrtle Beach Sun News

    Family lending has benefitsMyrtle Beach Sun News, SC - 4 minutes agoFor example, if you are looking at mortgages with interest rates hovering just below 7 percent while your parents are struggling to find a CD or other safe ...
    2008-01-30 09:22:08
  • Fed cuts rates by another half point (Atlanta Journal-Constitution)

    The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible. [ Submit your comments below. ] The latest Fed action was expected to be quickly followed by cuts in banks' prime lending rate, the benchmark rate for millions of consumer and business loans. The Fed's ...
    2008-01-30 11:27:35
  • U.S. stocks on slippery slope (Calcutta News)

    U.S. stocks were failing to get a footing on Wednesday as concerns lingered over the state of the economy. Sentiment brightened around 2:15 in the afternoon however when the Federal Reserve slashed interest rates by another 50 basis points, adding to last week's cut of 75 basis points.
    2008-01-30 11:39:01
  • Short-Term Interest Rate Cut (KELO Sioux Falls)

    What Short-Term Interest Rate Cut Means to You
    2008-01-30 04:02:17
  • What Fed cut means to your pocketbook (Orange County Register)

    How it affects your investments, borrowings and savings. Greg McBride, a senior financial analyst at the financial information Web site, Bankrate.com, said the Fed rate cuts announced today will be good news for borrowers, not so good for savers.
    2008-01-30 09:06:35
  • As US recession looms, yield curve looks prescient

    Forbes - NEW YORK (Reuters) - When short-term U.S. interest rates crept above their long ... Under the weight of more than $100 billion in mortgage-related write-offs in the ... He argues that the extent of the current financial crisis, which has brought the ...
    2008-01-30 10:57:00
  • Tighten those belts: the Government may have let the good times roll ...

    Times Online - ... ministers highlight low levels of inflation and of interest rates ... eventual cost to taxpayers will depend on the sale of its mortgage book.) There is, as the Green Budget concedes, little chance of this happening because of the Government’s current ...
    2008-01-30 07:54:00
  • U.S. Two-Year Note Gains as Fed Cuts, Cites `Downside Risks'

    Bloomberg - ... gained for the first time this week as the Federal Reserve cut interest rates by ... The Fed's current priority is to soften the economic downturn and it appears ready ... after S&P said it lowered or may cut ratings on $534 billion of residential mortgage ...
    2008-01-30 02:39:00
  • Will this crisis reshape mortgage industry?

    Seattle Post Intelligencer - ... will be the exotic loans -- low or no documentation requirements, no down payments, negative amortization payment schedules, low teaser rates with resets -- that are blamed for the current crisis. "I certainly hope we don't see that kind of mortgage ...
    2008-01-29 03:59:00
  • Stocks volatile after Fed cut

    CNN Money - ... points, as investors welcomed news that the Federal Reserve cut interest rates by ... Fortune 500 ) warned that 2008 revenue could miss the high end of analysts' current ... fourth-quarter loss and take a $14 billion writedown largely due to bad mortgage bets
    2008-01-30 02:53:00
  • Gas prices falling, but most drivers fear summer surge to $4 a gallon - San Jose Mercury News

    Gas prices falling, but most drivers fear summer surge to $4 a gallonSan Jose Mercury News,  USA - 4 hours agoThree out of five rate that as their top economic worry - more than fear of a recession, the mortgage foreclosure crisis or losing their job. ...
    2008-01-30 04:14:07
  • New Single Family Home Sales Fall 4.7 Percent in December - BuildingOnline

    New Single Family Home Sales Fall 4.7 Percent in DecemberBuildingOnline, CA - 4 hours agoThis represents a supply of 9.6 months at the current sales rate. An estimated 774000 new homes were sold in 2007. This is 26.4 percent below the 2006 ...
    2008-01-30 04:22:10
  • Inflation soars to 8,6%, exceeding forecasts - Moneyweb

    Inflation soars to 8,6%, exceeding forecastsMoneyweb, South Africa - 3 hours agoThe CPIX inflation rate, which excludes mortgage costs, increased from 7,9% in November, StatsSA said yesterday. The rate was expected to rise to 8,4%, ...
    2008-01-30 05:24:38
  • Shock inflation and power crisis could halt rate spiral - Dispatch Online

    Shock inflation and power crisis could halt rate spiralDispatch Online, South Africa - 2 hours agoKhan and other economists surveyed expect the consumer price index excluding mortgage rate changes (CPIX) – which is used by the reserve bank in its rates ...
    2008-01-30 06:02:44