Mortgage and Financial News From 2008-1-25 Page 01

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  • Resentment of things past

    Globe and Mail - With interest rates heading toward 24 per cent and the national energy program wreaking havoc on the Alberta economy, the ... Those two words sum up the current political climate around the incredible potential of Alberta's oil reserves, with some ...
    2008-01-25 10:52:00

  • Consumers at heart of stimulus plan

    BusinessWeek - Historically low interest rates then created a boom in home refinancing. That put more money in consumers' pockets and lowered ... Describing his current financial situation as "comfortable," he said he plans to save half of his $2,700 check and use ...
    2008-01-25 10:59:00

  • Mortgage Rates Spiraling Downwards

    HULIQ.com - Mortgage Rates Spiraling Downwards ... that play into refinancing besides the mortgage rate is overall payment savings compared to your current mortgage, tax benefits, interest ...
    2008-01-25 06:13:00

  • Governor's address to focus on state's foreclosure woes

    Detroit News - ... exempt bond issue that would allow the agency to offer loans at discounted rates ... would make the loans available to those who want to trade their high-interest ... would force a turnaround of the housing market unless it addressed the current ...
    2008-01-25 10:59:00

  • Bollard Says N.Z. Rate Enough to Combat Inflation (Update3)

    Bloomberg - The key message was that the current level of interest rates in New Zealand is enough to contain inflation,'' said Helen Kevans, economist at JPMorgan Chase & Co. in Sydney. ``With inflation likely to run above the bank's target range this year ...
    2008-01-23 03:59:00

  • Lower Rates Lead To More Home Refinancing

    KELOLAND TV - It all depends on your loan amount and current rate. If you were lucky enough to lock into a mortgage interest rate on Tuesday this week, you got a good deal. Rates on a fixed 30 year loan dropped as low as five percent. But now at the end of the ...
    2008-01-25 03:50:00

  • Bank's Sentance says market ignoring inflation risks

    Reuters UK - Sentance has a reputation as something of a hawk, but he said he agreed with Governor Mervn King's assertion that current interest rates of 5.5 percent were bearing down on demand, suggesting he might back a February rate cut. But he suggested market ...
    2008-01-25 02:42:00

  • Exit the elephant enter the dragon

    Montreal Gazette - ... recession in this country lasting two long years and a sluggish, so-called "jobless recovery" dragging on for another couple, recalls Philip Cross, head of current economic analysis at Statistics Canada. The reason: inflation and interest rates were ...
    2008-01-25 11:13:00

  • The Fed's emergency interest−rate cut, one week before their ...

    FXStreet.com - The Fed's emergency interest−rate cut, one week before their scheduled meeting Sat ... In August 1982, the FOMC decided to cut rates by a full 100 bp as part of a ... Poole objected because he did not believe current conditions justified a rate move ...
    2008-01-25 08:57:00

  • Cantor CEO urges Fed to move again swiftly on rates

    Reuters - Cantor CEO urges Fed to move again swiftly on rates ... Federal Reserve's biggest interest rate cut in more than 20 years, but said more was ... Cantor, which benefits from current market volatility, is hiring at a "dramatic ...
    2008-01-25 01:41:00

  • Fitch Rates Wisconsin $950MM GO Extendible Municipal CP Program 'F1+'

    Forbes - A balanced budget for the current biennium, 2007-2009, which was enacted almost ... The interest rate would be reset based on a formula tied to an indexed rate and the ... of 0.8% remains slightly below the 0.9% U.S. rate, although national growth rates ...
    2008-01-25 01:48:00

  • What Slump May Mean for Consumers

    Wall Street Journal - The resulting lower interest rates help rekindle growth. That isn't likely to happen this time. First, the current glut of homes will delay new-home construction. Second, housing prices, though they have fallen in many places, could still fall further ...
    2008-01-25 09:04:00

  • Fed seen cutting US rates half-point more - source

    Reuters - This latest report from the macroeconomic and political risk consultancy, however, dovetails with current market expectations for further rate cuts. Short-term interest-rate futures have put the chances of a further 50-basis-point cut in rates at ...
    2008-01-25 12:08:00

  • A less taxing way of saving in these roller-coaster markets

    Daily Telegraph - It is worth remembering, though, that while your money is safe in a bank or building society deposit, interest rates are expected to fall, and their current sparkle could soon look tarnished. However, changes to the Isa rules for the ...
    2008-01-25 07:03:00

  • Governor's address to focus on state's foreclosure woes - DetNews.com

    Governor's address to focus on state's foreclosure woesDetNews.com, MI - 1 hour ago... while other legislation would make the loans available to those who want to trade their high-interest adjustable rate mortgages for lower-cost fixed ...
    2008-01-25 10:04:21

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