Mortgage and Financial News From 2007-8-30 Page 6

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  • Cranston halves rate for winterization assistance

    Providence Business News - CRANSTON – Eligible local residents will pay a lower interest rate for winterization assistance this year, according to Mayor Michael T. Napolitano. The Housing Rehabilitation Program has lowered its interest rate from 4 percent to 2 percent ...
    2007-08-30 04:51:00

  • Big Fed cuts no answer to mkt crisis-OECD official

    Reuters - PARIS, Aug 30 (Reuters) - The U.S. Federal Reserve should avoid aggressive interest rate cuts to bail out investors hit by the recent financial market crisis, a senior OECD official said on Thursday. "I really hope the Fed doesn't start massively ...
    2007-08-30 02:49:00

  • Brazil stocks rise, real slips on cautious markets

    Reuters - SAO PAULO, Aug 30 (Reuters) - Brazil's stock market edged higher and its currency fell early on Thursday as doubts over an interest-rate cut in the United States prompted some investors to act cautiously and flee riskier assets. The Bovespa
    2007-08-30 05:41:00

  • Swaptions Volatility Climbs as Traders Bet on Fed Cuts, Wider Rate ...

    Stockhouse Canada - Aug. 30 (Bloomberg) -- Volatility on options for U.S. interest-rate swaps rose as a drop in the amount of commercial paper outstanding and debt losses by hedge funds led investors to bet interest rates will fall and also experience bigger swings. The ...
    2007-08-30 05:27:00

  • FTSE up as credit concerns offset US rate hopes

    Reuters - LONDON, Aug 30 (Reuters) - Britain's leading shares pared earlier gains on Thursday as renewed fears about banks' exposure to the U.S. subprime lending crisis offset hopes of a U.S. interest rate cut. At 1106 GMT the FTSE 100 .FTSE was up 9.5 points ...
    2007-08-30 02:35:00

  • Robust mortgage data rekindle rate hike talk

    Reuters UK - LONDON (Reuters) - Banks approved thousands more mortgages for new homes than analysts had expected in July, suggesting any housing market slowdown will be gradual and rekindling talk that interest rates may yet rise again. Consumer credit rose at ...
    2007-08-30 01:30:00

  • Bernanke Is Under Pressure To Signal Rate Cut

    CNBC - Fed watchers say Bernanke is leery of rushing down the path of his predecessor, Alan Greenspan, who has been criticized for running to Wall Street's aid with interest-rate cuts. Many have blamed the so-called "Greenspan put" for fueling a housing boom ...
    2007-08-30 04:37:00

  • FTSE gains on U.S. rate cut hopes, energy boost

    Reuters - LONDON, Aug 30 (Reuters) - Britain's leading shares rose 1.3 percent on Thursday, lifted by strength in energy and mining shares as investors worldwide clung to hopes of a U.S. interest rate cut. BG Group (BG.L: Quote , Profile , Research ) led the ...
    2007-08-30 06:10:00

  • Czech central bank raises key interest rate by 25 basis points to 3.25 ...

    Forbes - PRAGUE (Thomson Financial) - The Czech central bank (CNB) raised its main interest rate today by 25 basis points to 3.25 pct as it continues a rate tightening campaign aimed at cooling consumer spending and putting the brakes on inflation. The market ...
    2007-08-30 11:50:00

  • Stocks rebound on Fed rate cut expectations

    Reuters - LONDON (Reuters) - World stocks rebounded on Thursday after comments from the Federal Reserve chief boosted expectations for a U.S. interest rate cut, while the yen rose and money markets remained tight, reflecting lingering credit concerns. In a ...
    2007-08-30 05:27:00

  • US RATE FUTURES-See fresh buying on GDP, jobless

    Reuters - CHICAGO, Aug 30 (Reuters) - U.S. short-term interest rate futures were higher on Thursday and extended earlier gains slightly after a reading on second-quarter growth that was in line with expectations and a jump in weekly jobless claims. A 25-basis ...
    2007-08-30 03:32:00

  • US RATE FUTURES-Up strongly on jobless claims jump

    Reuters - CHICAGO, Aug 30 (Reuters) - U.S. short-term interest rate futures rose strongly on Thursday, looking more confident about a potential rate cut by the Federal Reserve after an unexpectedly large jump in weekly jobless claims. A fresh reading on second ...
    2007-08-30 04:01:00

  • Fed not rushing to bail out investors with rate cut: report

    Reuters - FRANKFURT (Reuters) - The U.S. Federal Reserve is not rushing to cut benchmark interest rates because it wants to break investors of the view that the central bank is there to bail them out, an article in the Wall Street Journal said on Thursday. Fed ...
    2007-08-30 07:07:00

  • Goldman Says Brazil Central Bank to Slow Rate Cuts (Update2) (Bloomberg.com)

    Aug. 30 (Bloomberg) -- Brazil's central bank will probably slow the pace of interest-rate cuts through year-end as a jump in food prices is likely to persist, Goldman Sachs Group Inc. said.
    2007-08-30 06:28:49

  • Student Loan Borrowers Have One More Day to Apply to Take Advantage of Interest Rate Discounts With NextStudent (Marketwire via Yahoo! Finance)

    Students and parents considering federal student loans for their college and graduate school financing needs can get substantial interest rate discounts by applying for their student loans through NextStudent, a leading Phoenix-based education funding company.
    2007-08-30 01:05:00

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