Mortgage and Financial News From 2007-10-4 Page 18

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  • Euro Trades Near Week-Low Against Dollar Before ECB Decision

    Bloomberg - The BOE is under pressure to cut interest rates to boost consumer confidence and lower mortgage rates, the Telegraph newspaper reported, citing the head of a retail association. ``The pound is being sold,'' said Seiichiro Muta, director ...
    2007-10-04 12:34:00
  • Credit Rout to Trim Euro-Area Growth in 2008, EU Says (Update1)

    Bloomberg - The interest rate on interbank loans jumped in August after European lenders revealed losses in the U.S. subprime-mortgage market. The gap between three-month interbank interest rates and the European Central Bank's benchmark rate reached 0.72 ...
    2007-10-04 04:23:00
  • HELP US INVESTIGATE: The foreclosure crisis

    Battle Creek Enquirer - Thousands of local homeowners are struggling to keep their homes as rising subprime mortgage rates continue to tug harder at purse strings. Adjustable rate mortgages that didn't deliver on their promise of low monthly payments have left many ...
    2007-10-04 01:17:00
  • European and British central bankers hold the line on rates

    Globe and Mail - Central bankers are now under pressure to stem the euro's rise, and for Britain to manage the fallout from the U.S. subprime mortgage crisis ... Read the full article Please let us know if this reader’s comment breaks the editor's rules and is ...
    2007-10-04 05:49:00
  • Hong Kong property majors sharply lower as sales drop

    Forbes - Compared with 1996-97 Hong Kong has a higher integration with the mainland and a larger pool of capital, 10 percent higher private household income and a 50 percent reduction in mortgage rates to 4.5 percent from 9 percent,' said Paul Louie and ...
    2007-10-04 03:04:00
  • Interest rates: what the economists say

    Guardian Unlimited - ... that disposable incomes are getting squeezed by higher living costs and the credit crunch and possibility of higher mortgage repayments is making consumers increasingly wary. As a result confidence is slipping. There is only one way for rates to go ...
    2007-10-04 04:59:00
  • Bank set to hold interest rates

    MSN UK News - The Bank has come under fire for not trying harder to ease interbank lending rates which shot up in August and September. Tight money market conditions pushed mortgage lender Northern Rock into seeking emergency funding from the Bank. This prompted a ...
    2007-10-04 02:29:00
  • ECB holds rates at 4 percent

    Reuters - Until problems in the U.S. subprime mortgage market prompted a global credit squeeze in August, the ECB had looked set to raise rates to 4.5 percent by the end of the year. Now most economists expect it to stay on hold until the end of 2008. ...
    2007-10-04 04:52:00
  • Stocks off record highs before rates verdict

    Reuters - Markets are pricing in a slim 20 percent chance of the BoE cutting interest rates given a recent crisis involving UK mortgage lender Northern Rock and signs of a slowdown in the UK housing market -- speculation which weighed on sterling. Recent ...
    2007-10-04 05:13:00
  • Halifax sees house prices slowing

    BBC News - Evidence is mounting that the housing market is now cooling markedly in the face of the financial market turmoil and the increasing affordability pressure on house buyers," said Howard Archer of Global Insight. "Mortgage rates are rising further as ...
    2007-10-04 02:57:00
  • U.K. House Prices Fall for First Time in Nine Months (Update2)

    Bloomberg - Oct. 4 (Bloomberg) -- U.K. house prices fell in September for the first time in nine months as mortgage rates rose and lenders grew more cautious, a report from HBOS Plc showed. The average cost of a home in Britain declined 0.6 percent to 198,500 ...
    2007-10-04 03:26:00
  • No change for UK interest rates

    BBC News - ... in the global credit market making it more expensive for commercial banks to lend and borrow from each other, a rate cut would have helped to ease this situation. A rate reduction would also have helped UK homeowners who have seen mortgage rates ...
    2007-10-04 06:18:00
  • Bankrate: Mortgage Rates Move Lower

    MSN MoneyCentral - NEW YORK, Oct. 4 /PRNewswire-FirstCall/ -- Fixed mortgage rates declined, with the average conforming 30-year fixed mortgage rate falling to 6.42 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed ...
    2007-10-04 04:30:00
  • No change for UK interest rates (BBC News)

    The Bank of England decides to keep UK interest rates on hold at 5.75%, as widely expected.
    2007-10-04 04:03:33
  • How lenders set rates (Bankrate.com)

    How do lenders set your mortgage rate? Well, actually they don't. While mortgage lenders control who gets approved for a loan and on what terms, actual mortgage interest rates themselves are largely determined on the secondary market, where mortgages are bought and sold.
    2007-10-04 04:57:54