Mortgage and Financial News From 2008-2-7 Page 61

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  • Australian shares close off lows as miners, banks regain ground ...

    Forbes - The best thing that can be said is it has recovered quite nicely from its lowest point.'' The S&P/ASX 200 closed down 12.7 ... In contrast, the Commonwealth Bank, which increased its mortgage rates by 0.3 percentage point, rose 27 cents or 0.6 percent to ...
    2008-02-07 02:20:00
  • Australians on right track

    News.com.au - The ABS notes that areas of highest socio-economic advantage have the lowest fertility rates, while families with lower incomes tend ... A huge 70 per cent of us own our own home or are paying it off, with the average mortgage $412,500. When it comes to ...
    2008-02-07 05:54:00
  • U.K. Pound Falls Against Dollar, Euro Before BOE Rate Decision

    Bloomberg - ... as the implied yields on interest-rate futures contracts declined to the lowest ... The pound's really sold off on concerns the bank is going to continue to cut rates ... Since then, mortgage approvals dropped to a nine-year low in December and the ...
    2008-02-07 03:17:00
  • Bank of England Cuts Benchmark Rate as Growth Slows (Update3)

    Bloomberg - U.K. mortgage approvals fell in December to the lowest since at least 1999. ``Threats to growth are much more acute now than risks of ... adviser to the British Chambers of Commerce. ``While it is not necessary for the MPC to cut rates as ...
    2008-02-07 04:57:00
  • Pending Home Resales in U.S. Fell 1.5% in December (Update1)

    Bloomberg - The cuts in the benchmark interest rate may help bring down mortgage rates down further, economists said. The rate on a 30- year fixed mortgage fell to 5.48 percent the week ended Jan. 24, the lowest level in almost four years. To contact ...
    2008-02-07 07:20:00
  • Dec pending home sales fell 1.5 percent: Realtors

    Reuters - For all of 2007, the index stood at 96.3, the lowest on record since the Realtor group began tracking this data. But after a poor year, economists expect the housing market to hit bottom in the first half of this year, particularly as mortgage rates ...
    2008-02-07 07:35:00
  • Indian shares end 3.4% down; Colombo gains

    Reuters - MUMBAI, Feb 7 (Reuters) - Indian shares fell 3.38 percent to their lowest close in ... Indian banks have no exposure to the U.S. subprime mortgage crisis but shares in No ... US STOCKS-Wall St seen mixed, techs in focus [.N] * For closing rates ...
    2008-02-07 04:14:00
  • Bank of England set to cut rates

    Reuters UK - LONDON (Reuters) - The Bank of England looks set to cut interest rates at midday ... Such a move would knock 31 pounds a month off a typical 200,000 repayment mortgage. ... purchase -- a lead indicator of the property market -- has fallen to its lowest in ...
    2008-02-07 02:20:00
  • UK cuts interest rates to 5.25%

    Financial Times - UK cuts interest rates to 5.25% By Norma Cohen, Economics Correspondent Published: February 7 2008 12:00 ... showed values flat to falling and demand for new mortgages falling so steeply that the number of new mortgage approvals dropped to its lowest ...
    2008-02-07 04:00:00
  • Bank of England cuts interest rates to 5.25%

    Times Online - ... grew at a faster rate than expected in January, confidence among purchasing managers fell to its lowest ... Mortgage lenders are also increasing their rates in an effort to boost their profits in the wake of the credit crunch. On top of all that, council ...
    2008-02-07 04:36:00
  • Euro Falls Against Yen on Bets Trichet Will Signal Lower Rates

    Bloomberg - Investors have raised bets the ECB will cut interest rates by mid-year even as ... that share the euro, declined 0.5 percent today, after slumping to the lowest since ... benchmark from 1999 until August, when the collapse of the U.S. subprime- mortgage ...
    2008-02-07 04:36:00
  • Alliance & Leicester: MPC decision to cut bank base rate to 5.25% - Easier (press release)

    Alliance & Leicester: MPC decision to cut bank base rate to 5.25%Easier (press release), UK - 1 hour agoThose with a sizeable deposit or equity in their property may want to consider looking at a tracker product, but again a fixed rate mortgage product ...
    2008-02-07 06:32:09
  • Rate cut reaction: RLAM's Kernohan says cut may not improve credit ... - CityWire.co.uk

    Rate cut reaction: RLAM's Kernohan says cut may not improve credit ...CityWire.co.uk, UK - 1 hour agoHowever he welcomed its positive effect on market confidence saying: ‘Lower sterling is an important part of the transmission mechanism and rate cuts are ...
    2008-02-07 06:37:20
  • Pending Sales of Existing US Homes Fell 1.5% in December - Bloomberg

    Pending Sales of Existing US Homes Fell 1.5% in DecemberBloomberg - 1 hour agoThe rate on a 30- year fixed mortgage fell to 5.48 percent the week ended Jan. 24, the lowest level in almost four years.
    2008-02-07 07:04:42
  • first direct passes base rate cut with immediate effect - Easier (press release)

    first direct passes base rate cut with immediate effectEasier (press release), UK - 1 hour ago... effect for all its variable rate mortgage customers and new customers as well. The bank already has one of the lowest standard variable rates at 6.50%, ...
    2008-02-07 07:06:29