Mortgage and Financial News From 2007-8-30
Previous Day: 2007-08-29
Return to the mortgage news archive home.
-
MPC leaves rates unchanged
Bangkok Post - Mrs Suchada said the MPC expected measures by western central banks to inject cash into the banking system and the Fed's interest rate reduction would help lessen the impact from the US sub-prime mortgage market. ''The MPC viewed that it would not be ...
2007-08-29 06:47:00 -
Wall St bounces back, oil soars
News.com.au - ... credit market troubles do not adversely affect the economy, added to investor speculation for a much hoped-for interest rate cut. ... increased irrespective of the next official hike by the Reserve Bank. Markets: Aussie shares a sea of red Sales: Sub-prime ...
2007-08-30 02:03:00 -
Low unemployment means less poverty - PM
News.com.au - THE low unemployment rate is evidence that poverty is not rising, Prime Minister John Howard says, despite a welfare report which suggests ... THE NAB has warned interest rates on household lending may have to be increased irrespective of the next ...
2007-08-30 12:16:00 -
Persian Gulf Oil-Tanker Rates May Extend Drop as Demand Stalls
Bloomberg - Sinochem Corp., China's biggest petrochemicals trader, hired the tanker New Vision at a rate of as much as 72 Worldscale points, according to a report today from Barry Rogliano. That's about 9.5 percent above the London-based Baltic Exchange's ...
2007-08-29 11:26:00 -
Musharraf Won't Be Rushed Into Power-Sharing Accord With Bhutto
Bloomberg - Bhutto, 54, who served two terms as prime minister from 1988 to 1990 and 1993 to 1996 and heads the Pakistan Peoples Party, is trying to reach an agreement with Musharraf under which she returns from nine years of self exile to head the government ...
2007-08-30 12:23:00 -
Hibbett Increases Line of Credit
Forbes - The line of credit expires on Aug. 28, 2008, and carries a variable interest rate set at prime. The prime rate is currently 8.25 percent. Shares of Hibbett Sports rose 46 cents, or 2 percent, to $24.02 in afternoon trading. Shares have traded between ...
2007-08-29 05:57:00 -
Thai cbank holds key rate steady at 3.25 percent
Daily Times - ... downside bias as the US sub-prime crisis will affect the US economy and will impact our export sector,†economist Usara Wilaipich of Standard Chartered Bank said. “We should see an interest rate cut in the next meeting,†she said. Sub-prime ...
2007-08-29 09:53:00 -
Rate rises start to dampen house price inflation
The Independent - ... added there had been a tightening of borrowing in the UK sub-prime lending market. "These kind of lenders are reliant on securitisations, so they've been forced to tighten up their lending criteria and raise interest rates," he said. Interest rate ...
2007-08-30 01:27:00 -
Rate rise eats into family budgets (Sydney Morning Herald)
Working families are being hit hard by increasing debts and interest on mortgage payments.
2007-08-29 03:18:01 -
Rate rises start to dampen house price inflation (Independent)
Further evidence of a slowdown in the housing market emerged yesterday, as the Government's Land Registry said house price inflation had fallen to its lowest rate in more than a year.
2007-08-30 12:51:31 -
Interest rates (The Hindu)
Mr T.S. Narayansami, Chairman and Managing Director, Bank of India, said: “Though the entertainment media is not as transparent as other industries, the bank can gauge its budget versus other ingredients such as the star cast, directors and past record of the producer, etc.†Though the bankers were unwilling to disclose the rate of interest charged on such loans, some senior bankers said that it ...
2007-08-29 06:39:38 -
Thailand Central Bank Holds Key Rate After Five Cuts (Update1) (Bloomberg.com)
Aug. 29 (Bloomberg) -- Thailand's central bank unexpectedly kept its benchmark interest rate unchanged for the first time this year, pausing to see whether five previous cuts are enough to revive economic growth.
2007-08-29 07:48:25 -
US stocks rebound sharply as hopes for rate cut increase (Channel NewsAsia)
NEW YORK - US stocks vaulted higher Wednesday as investors hunted bargains in the wake of the previous day's sell-off and grew more hopeful of a Federal Reserve interest rate cut.
2007-08-29 09:27:46 -
Thailand Central Bank Holds Key Rate After Five Cuts (Update2) (Bloomberg.com)
Aug. 29 (Bloomberg) -- Thailand's central bank unexpectedly kept its benchmark interest rate unchanged for the first time this year after a U.S. housing-loan crisis caused stocks and the baht to slide.
2007-08-29 09:18:45 -
Stocks rebound on bargain hunting
Miami Herald - Mortgage application volume, refinance volume and purchase volume all fell about 4 percent during the week ended Aug. 24 compared to the prior week, according to the Mortgage Bankers Association's weekly application survey. The Russell 2000 index of ...
2007-08-29 10:21:00