Mortgage and Financial News From 2007-9-19 Page 14

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  • German shares close higher after interest rate cut by US Fed UPDATE

    Forbes - German shares close higher after interest rate cut by US Fed UPDATE 09.19.07, 1 ... Earlier today, troubled UK mortgage lender Northern Rock revealed that the German ... News and its third party content providers for your personal information only ...
    2007-09-19 10:53:00
  • Low Cost Mortgage Saves You Big Bucks

    Best Syndication - ... are offering “low cost mortgages” that are interest only. Sure, they are low cost for a few months, or a few years, but these finance costs are going to kick you where it hurts – trust me on this. Interest only loans are NOT a low cost mortgage
    2007-09-19 12:55:00
  • Stocks End Higher Amid Rate Cut Momentum

    Newsday - ... its gains Wednesday as investors bet that the cheaper money the Federal Reserve unleashed with its decision to cut interest ... Mortgage lender Countrywide Financial Corp. rose 66 cents, or 3.3 percent, to $20.54 after its chief executive, Angelo Mozilo ...
    2007-09-19 01:52:00
  • Analysis: Rate Cut Jolt May Be Fleeting

    Washington Post - The Fed's action also won't stop home foreclosures and late mortgage payments from rising in the months ahead. In a bold move, Fed Chairman Ben Bernanke and his colleagues on Tuesday sliced a key interest rate by one-half a percentage point to 4.75 ...
    2007-09-19 01:59:00
  • Stocks keep Fed rally rolling (CNN Money)

    Stocks rose Wednesday afternoon, gaining for a second session, after the Fed cut a key interest rate by a half-point, reassuring investors worried that the mortgage and credit market malaise could send the economy into recession.
    2007-09-19 12:55:12
  • Wall Street cheers Fed, day 2 (CNN Money)

    Stocks rose Wednesday, gaining for a second session after the Fed cut a key interest rate by a half-point, reassuring investors worried that the mortgage and credit market malaise could send the economy into recession.
    2007-09-19 02:25:12
  • Japan makes no change in interest rate (Moldova.org)

    Japan’s central bank left its 0.5 percent interest rate unchanged Wednesday on the heels of a hefty half-percentage-point cut by the U.S. Federal Reserve. The 8-to-1 decision on the short-term rate by the Bank of Japan's Policy Board, with former Credit Suisse economist Atsushi Mizuno being the only dissenter, was in line with market expectations, Kyodo news service reported. Mizuno had proposed ...
    2007-09-19 05:06:53
  • Fed cuts interest rates and stock prices soar (Sun-Sentinel)

    Decrease likely to ease pain but won't cure mortgage ills Wall Street threw a party Tuesday over the Federal Reserve's interest-rate cut, but that doesn't mean good times are ahead.
    2007-09-19 03:18:30
  • U.S. eases caps on home-loan finance companies

    International Herald Tribune - WASHINGTON : The U.S. government nudged higher the investment caps for the home ... Oversight will permit Fannie Mae and Freddie Mac to increase their mortgage ... The measure came a day after the Federal Reserve lowered interest rates to bolster ...
    2007-09-19 12:12:00
  • Double-digit home price drops coming

    CNN Money - ... Over the next few years, more than three-quarters of the nation's housing markets will suffer some decline in home ... In an analysis that considered mortgage rates, the local job market and other factors, the study makes projections on when those ...
    2007-09-19 01:09:00
  • US mortgage applications rose in Sept. 14 week-MBA

    Reuters - The MBA gauge for home purchase applications edged 0.9 percent higher to 452.0 last week, it said. Fixed 30-year mortgage rates rose 4 basis points to 6.29 percent last week, the MBA said. The rate on 1-year adjustable mortgages increased to 6.39 ...
    2007-09-19 07:11:00
  • U.S. Fed's impact on home prices in doubt

    International Herald Tribune - Mark Zandi, one of the people who runs Moody's Economy.com, ran an analysis for me this week in which he looked at home values, mortgage rates, tax rates and incomes going back to 1968. Taking all these into account, he found prices were about 20 ...
    2007-09-19 03:36:00
  • Consumer prices fall for first time this year; home building drops to ...

    Seattle Times - Seiders said even with the Fed's cut in interest rates he did not expect to see new-home sales stop falling until early next year with construction starts not stabilizing until the middle of next year. The problem, he said, is that rising mortgage ...
    2007-09-19 12:26:00
  • Does the Fed Cut Save Housing?

    CNBC - Yes, it may slightly affect adjustable rate mortgage interest rates, and certainly some home equity lines, but the troubles in the housing market are far too vast right now to respond suddenly to a little ol' rate cut. Inventories, affordability ...
    2007-09-19 09:56:00
  • Asian, European Stocks Rise on Rate Cut

    US News and World Report - Make Missoulian.com your home page Get Firefox! ... percentage point to 4.75 percent, a move aimed at keeping problems in the mortgage ... maintain global stability, and the Bank of Japan would find it hard to raise rates ...
    2007-09-19 10:32:00