Mortgage and Financial News From 2007-9-13

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  • Halifax raises mortgage rates (Channel 4)

    The UK's biggest mortgage lender has announced it is raising its mortgage rates as banks continue to respond to volatility in the global credit markets.
    2007-09-13 05:03:18
  • Economy 'can withstand US downturn'

    The Australian - However, ripples from the US mortgage downturn continue to reach Australia, with the interest rate for three-month bank bills ... one and six months, rather than the Reserve Bank's cash rate, governs mortgage, credit card and business lending rates ...
    2007-09-12 02:15:00
  • US futures lead local rebound in stocks

    The Australian - ... falls, BHP's overnight price rises offshore." In other Asian trade yesterday, Hong Kong's Hang Seng index was dragged lower while Chinese stocks plummeted 4.5 per cent after the most recent inflation data signalled another rise in interest rates.
    2007-09-12 02:22:00
  • MARK HULBERT

    Marketwatch - ... economy is growing, the positive effect of a strong jobs report is more than outweighed by the negative effect of the interest ... news of the jobs report is more than outweighed by the good news that the Fed will have less pressure on it to raise rates
    2007-09-12 01:03:00
  • World Bank raises China GDP outlook to 11.3%

    Marketwatch - However, the economy is also dealing with major imbalances. China's consumer price index in August climbed to a 10-year high and its trade surplus ballooned to the second largest on record, bolstering the case for further increases in interest rates
    2007-09-12 01:25:00
  • Dollar ascends as risk aversion starts to wane

    The Australian - The dollar opened stronger, having gained almost half a US cent in overnight trade amid expectations that the US Federal Reserve would cut interest rates next week in a bid to stimulate economic activity. Commonwealth Bank chief currency strategist ...
    2007-09-12 04:24:00
  • Euro soars to fresh record

    The Australian - THE euro surged to a record $US1.3902 overnight against a currency battered by fears for the health of the US economy and mounting expectations of a cut in US interest rates next week. The euro in late afternoon trading broke through the $US1.39 ...
    2007-09-12 05:49:00
  • Fixed strategies

    Hindustan Times - The current trend shows that interest rates are going down on deposits with shorter time maturities. This means that the investors will have to take home lower returns for these short-term deposits than what they were earning 3-4 months ago ...
    2007-09-12 11:23:00
  • Still Bullish On Brazil

    Forbes - Part of the higher growth story is the delayed impact of lower interest rates. Although interest rates are high, they are beginning to fall. Brazil's central bank has been cutting interest rates for the last two years, but last week it slowed the ...
    2007-09-12 11:09:00
  • Brazil economy grows 5.4 percent in 2nd-qtr, boosted by industry and ...

    San Diego Union-Tribune - The second-quarter growth came as Brazilian consumers in droves bought new cars and other expensive goods because of easier credit brought on by falling interest rates. The easing cost of credit is expected to continue in Brazil. The country lowered ...
    2007-09-12 05:49:00
  • Record high oil prices help boost TSX, dollar

    Ottawa Citizen - ... speech from London, emphasizing inflation control, caused some investors to wonder whether he's contemplating an interest-rate ... sales of RIM's BlackBerry in the U.S. as service providers there catch up to T-Mobile USA, which recently reduced its rates ...
    2007-09-13 03:51:00
  • Al Masaood Automobiles launches its Ramadan offers (AME Info)

    Al Masaood Automobiles, exclusive distributors for Nissan and Infiniti range of vehicles in Abu Dhabi and Al Ain, have launched their Ramadan Sales Promotion Campaign.
    2007-09-13 01:16:59
  • Take the dividend and run? (CNN Money)

    Question: Does it make sense to buy a stock just before it pays a dividend, get the dividend, then sell? Assuming no decline in value, wouldn't that yield a nice quick return? - Richard Ermolovich
    2007-09-12 11:00:21
  • S Korea Government: To Closely Monitor Rise In Short-Term Rates (Nasdaq)

    SEOUL -(Dow Jones)- The South Korean government said Thursday it will closely watch the short-term interest rate market amid a rise in certificate of deposit rates due to increased issuance by commercial banks.
    2007-09-12 07:55:42
  • SUSAN TOMPOR: How to handle a likely interest rate cut (Detroit Free Press)

    If you're banking on an interest rate cut fairly soon -- and you should -- it's time to consider what moves to make with your money. Do you lock up a CD now? Wait around to refinance? Drag your feet on a car loan? The Federal Reserve board meets Tuesday, and we'll likely see the first rate cut in four years.
    2007-09-13 12:26:14