Mortgage and Financial News From 2007-9-13 Page 18

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  • WaMu closing 2 mortgage divisions (Los Angeles Times)

    The savings and loan's move means about 1,000 jobs will be cut. Washington Mutual Inc., the largest U.S. savings and loan, said Wednesday that it would shutter one division that bought mortgages from other home lenders and another that financed mortgage companies.
    2007-09-13 07:58:07

  • Mortgage rates tumble (CNN Money)

    Mortgage rates dropped in the latest week, which could help home buyers who are looking to refinance, Freddie Mac reported Thursday.
    2007-09-13 07:15:20

  • (AFX UK Focus) 2007-09-13 05:49 GMT: China likely to raise second-home mortgage down payment to 40 pct - report (Interactive Investor)

    BEIJING (XFN-ASIA) - China's central bank is likely to ask commercial banks to raise the mortgage down payment on a second home to at least 40 pct, the China Daily reported, citing sources.
    2007-09-12 10:12:26

  • Bank's £4.4bn of extra liquidity snapped up

    Guardian Unlimited - ... also showed that more than two-thirds of respondents expect borrowing costs to rise again in the next 12 months. Only 4% thought they would fall. The consensus in the City however is that interest rates have peaked at 5.75% in light of the current ...
    2007-09-13 03:44:00

  • WRAPUP 2-ECB says rate future uncertain, awaits credit data

    Reuters - FRANKFURT, Sept 13 (Reuters) - Current uncertainty means it is impossible to say ... council members Axel Weber and Juergen Stark, who have suggested an ECB interest ... comments perhaps go the furthest at hinting that the ECB might not raise rates ...
    2007-09-13 06:14:00

  • NZ central bank holds interest rates

    News.com.au - Nevertheless, inflation pressures remain and Bollard gave no indication that interest rates would fall anytime soon. The central bank raised its inflation forecast for the current year to March to 2.8 per cent from 2.2 per cent in its June forecast. ...
    2007-09-12 04:52:00

  • European shares drop after euro, oil hit record highs

    New Straits Times - The euro hit a record high 1.3927 dollars in European trade Thursday on expectations that the US Federal Reserve will next week trim interest rates from their 5.25-percent level. "The most obvious losers from a euro trading near 1.40 dollars will be ...
    2007-09-13 06:07:00

  • Forex - Euro hits new record highs vs dollar, 6-month high against ...

    Forbes - The news will add weight to expectations that the Bank of England will not raise interest rates further, particularly as the current credit crisis likely to cause housing market conditions to worsen in the coming months. 'This report does underline ...
    2007-09-13 02:46:00

  • HOW I'D HELP HOUSING, WITHOUT CUTTING RATES

    New York Post - September 13, 2007 -- WHAT our country needs right now is a tax cut to spur consumer spending as well as lower interest rates. ... Even a top official of ExxonMobil - which is making a killing at the pump - questioned current oil prices, which reached ...
    2007-09-13 12:37:00

  • Asian markets mixed as Tokyo inches up, Hong Kong sets new record on ...

    MSN UK News - In Hong Kong, investors bid up stocks amid expectations that the Fed will cut a key interest rate from the current 5.25 percent, which could in turn mean lower local rates due to the Hong Kong dollar's peg to the U.S. dollar. The blue chip Hang Seng ...
    2007-09-13 05:31:00

  • New Zealand shares close flat in absence of strong leads

    Forbes - Reserve Bank governor Alan Bollard left interest rates unchanged at 8.25 percent Thursday and indicated they would remain around current levels for a considerable period. 'Once again, we're going through another period of relatively light volume. On ...
    2007-09-13 01:35:00

  • New Zealand central bank leaves interest rates steady

    Forbes - Bollard said the balance of risks in the economy means the central bank doesn't anticipate hiking interest rates again in the current economic cycle. TD Securities senior strategist Joshua Williamson said the RBNZ rhetoric can be judged to be balanced ...
    2007-09-12 05:21:00

  • New Zealand central bank holds key interest rate steady, proposes no ...

    CNBC - WELLINGTON, New Zealand - New Zealand's central bank held its official cash rate steady at 8.25 percent Thursday, saying it expects the current level of interest rates will be sufficient to contain medium-term inflation. But Reserve Bank Governor ...
    2007-09-12 03:48:00

  • Asian markets mixed as Tokyo inches up, Hong Kong sets new record

    CNBC - In Hong Kong, investors bid up stocks amid expectations that the Fed will cut a key interest rate from the current 5.25 percent, which could in turn mean lower local rates due to the Hong Kong dollar's peg to the U.S. dollar. The blue chip Hang Seng ...
    2007-09-13 06:28:00

  • Dollar Sinks to New Low Against Euro

    Forbes - The subprime mortgage crisis in the U.S. and signs of economic frailty, particularly weak August jobs data, have prompted speculation that the Federal Reserve will cut interest rates by as much as half a percentage point next week from the current 5 ...
    2007-09-13 05:17:00

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