Mortgage and Financial News From 2007-10-5 Page 14
Previous Day: 2007-10-04
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India inflation edges up from near five-year low, hopes of a rate cut ...
Forbes - ... Reserve Bank of India's expectation of close to 5 pct for the current fiscal year to March. The wholesale price-based index stood at 5.43 pct in the corresponding week a year ago. Economists have said they expect no early lowering of interest rates ...
2007-10-05 06:24:00 -
Jobs data eases pressure for Fed Oct rate cut
Reuters - ... was down from 12 out of 18 calling for such a cut in a poll conducted directly after the Fed slashed benchmark interest rates ... cycle to end after one more quarter-point cut, which would take the fed funds rate to 4.50 percent from the current ...
2007-10-05 11:10:00 -
US job growth returns; revision eliminates August drop
New Straits Times - The report last month showing the first drop in overall employment in four years prompted analysts to tear up their economic forecasts and was seen as a factor in the Federal Reserve's decision on September 18 to slash key interest rates by half a ...
2007-10-05 09:01:00 -
Employment Rebounded in September As August Decline Was Revised to ...
Wall Street Journal - The Fed's rate moves so far have been spurred by the threat posed to the economy by housing and credit-market difficulties and not current data, which have held relatively firm. The Fed may have cut interest rates in September even if August payrolls ...
2007-10-05 10:27:00 -
SBI may consider lowering lending rates
Business Standard - The next asset-liability committee (ALCO) meeting might consider the current situation and take a call on interest rates," said O P Bhatt, CMD, SBI. Bhatt was here to attend a meeting called by Finance Minister P Chidambaram to discuss how to ...
2007-10-05 05:48:00 -
Mboweni says Rand may weaken on current account gap
Engineering News - South Africa's central bank Governor Tito Mboweni said a persistent current account deficit would undermine the rand and push the central bank to raise interest rates further. “The exchange rate is going to be very weak, imported inflation will be ...
2007-10-05 09:15:00 -
Lower Rates and the Relative Performance of Investments
Safe Haven - Wall Street places a strong emphasis on the impact of the Fed's actions on asset prices. Lower interest rates help fuel inflation and hurt the U.S. dollar. The current Fed is not afraid to make significant interest rate cuts and we can expect them to ...
2007-10-05 07:35:00 -
FM leads pressure to lower rates
Hindustan Times - ... industry representatives expressed concern over the slowdown in credit offtake and the possible impact of high interest rates on industry in medium to long term of two to three years. A leading banker who attended the meeting said that the current ...
2007-10-05 09:08:00 -
Bank keeps rates on hold as house prices go into reverse (Independent)
The Bank of England's Monetary Policy Committee held interest rates at 5.75 per cent yesterday, defying calls from groups such as retailers for a base rate cut. There was no accompanying statement explaining the decision, though the Bank will publish minutes of the MPC's meeting later this month.
2007-10-04 11:02:08 -
SBI may reduce rates on select loans (Business Standard India)
O P Bhatt, chairman, State Bank of India (SBI), today indicated that the bank may consider reducing interest rates on certain loans at the next asset-liability (ALCO) committee meeting.
2007-10-05 12:31:49 -
Uganda: NSSF Increases Interest Rates (AllAfrica.com)
THE National Social Security Fund has announced a plan to increase the interest on members' savings from the current 7 per cent to 12 per cent over the next five years.
2007-10-05 01:40:52 -
National Bank of Poland official interest rates - 05/10/2007 (Interfax)
WARSAW. OCTOBER 5. INTERFAX CENTRAL EUROPE - Following is a table of official money market rates as set by the National Bank of Poland (NBP). The Central Bank's Monetary Policy Council left Poland's interest rates unchanged after its September sitting.
2007-10-04 11:57:05 -
Gibbons Promises Borrower Education
Forbes - Nevada's housing market is not in a "crisis" and does not warrant increased regulation of the mortgage ... and create a Web site intended to link people facing foreclosure with counseling services and lender contacts. After years of skyrocketing home ...
2007-10-05 06:09:00 -
Bank waits for evidence of 'softer' housing market
Guardian Unlimited - The decision came despite a report yesterday from Halifax, the UK's biggest mortgage lender, that house prices fell for the first time this year in September. The average cost of a home in the UK fell 0.6%, adding to growing evidence that the housing ...
2007-10-05 05:41:00 -
Dallas-based Lone Star Funds buying California subprime lender
Dallas Morning News - ... Star Funds buying California subprime lender 07:32 AM CDT on Friday, October 5, 2007 Bloomberg News Lone Star Funds, the buyout firm that backed out of its original bid for Accredited Home ... More than 110 companies have shut some mortgage ...
2007-10-05 05:26:00
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