Mortgage and Financial News From 2008-3-1 Page 13

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  • Energy Funds: What's Hot, What's Not

    Street.Com - On the other hand, it did bolster the odds of another fed funds rate cut March 18. The weak economy and lower expected interest rates sent the U.S. dollar to a record low of $1.5229 vs. the euro and a 33-month closing low of 105.35 Japanese yen ...
    2008-03-01 06:31:00
  • Rates on 30-Year Mortgages Rise

    Washington Post - That slowdown prompted the Federal Reserve to aggressively cut the short-term interest rate it controls by 1.25 percentage points in January, the biggest one-month cut in this rate by the Fed in more than a quarter-century.
    2008-02-28 01:36:00
  • Job Worries Sink Consumer Confidence

    Yahoo Finance - He expects economic growth to resume in the second half because of Federal Reserve interest rate action and the Bush administration's tax rebates this summer.
    2008-03-01 08:26:00
  • Plan for South Loop condo tower takes a hit

    Crain's Chicago Business - Hermes' subordinate loan, known as mezzanine debt, carries a hefty 25% interest rate and matures in August. ©2008 by Crain Communications Inc.
    2008-03-01 09:52:00
  • Home truth is there's plenty of scope for growth

    Edinburgh News - today than a year ago and there's no obvious reason why the market should not continue along this more constant rate of growth at current interest rate levels.
    2008-03-01 08:19:00
  • Ailing greenback takes fresh drubbing

    Taipei Times - As such, many economists expect Fed policymakers to cut the federal funds short-term interest rate at a March 18 meeting. Policymakers have slashed the fed funds rate by 225 basis points since September to 3 percent in a bid to kickstart flagging ...
    2008-03-01 10:06:00
  • Freddie Mac Posts $2.5B Loss in 4Q

    Forbes - Through these investments, known as "interest rate swaps," Fannie and Freddie try to hedge against the risks of rising or falling interest rates.
    2008-02-28 10:09:00
  • Oil back above $100 a barrel as dollar weakens

    USA Today - Interest rate cuts tend to weaken the dollar, and crude futures offer a hedge against a falling dollar. Also, oil futures bought and sold in dollars are more attractive to foreign investors when the greenback is falling.
    2008-02-28 09:40:00
  • Analysts see poor February auto sales

    CNBC - Also, automakers are hoping that interest rate cuts and a federal economic stimulus package will kick in and boost the market in the second half of the year.
    2008-03-01 03:54:00
  • Second-mortgage issues join resetting rates for 1-2 punch

    Chicago Tribune - Whittaker's interest-only adjustable rate loan was scheduled for a hefty payment reset. Whittaker, who bought his house four years ago, contacted a mortgage broker who was able to arrange a new $260,000 loan at a fixed rate of 5.5 percent for 30 years
    2008-03-01 10:28:00
  • Fed auctions another $30 billion to combat credit crisis in 6th such ...

    Eagle-Tribune - WASHINGTON (AP) — The Federal Reserve, seeking to combat effects of the credit crisis, said Tuesday it had auctioned another $30 billion in funds to commercial banks, at an interest rate of 3.080 percent. It was the sixth in a series of auctions ...
    2008-03-01 04:37:00
  • Reducing bank loan interest rates

    New Nation - ACCORDING to reports, the weighted average rate of lending by banks in Bangladesh stand at 12.06 per cent. The spread of interest between lending and for deposits, thus, stand at some 5.38 per cent. This contrasts with the average spreads being 2 to ...
    2008-03-01 10:35:00
  • NT dollar registers best month since October 1998

    Taipei Times - Asian currencies rose, led by the New Taiwan dollar and the Malaysian ringgit, on speculation interest-rate cuts in the US will prompt investors to shift money into the region's higher-yielding assets. The ringgit gained for a third month, touching ...
    2008-03-01 10:06:00
  • Mortgage lenders cut their interest rates

    Edinburgh News - THE UK's biggest mortgage lenders have been quick to cut their rates following the Bank of England's reduction of the base interest rate. Banking giants such as Royal Bank of Scotland, HBoS, Lloyds TSB, HSBC and Nationwide announced that they would ...
    2008-03-01 07:50:00
  • Banks' $825m rates bonanza: Rises delayed for depositors

    News.com.au - AUSTRALIA'S banks have netted up to $825 million by manipulating five years of interest rate rises. A Sunday Herald Sun investigation has found that while banks have passed rate rises to borrowers almost immediately, they have significantly delayed ...
    2008-03-01 05:48:00