Mortgage and Financial News From 2007-10-31 Page 11

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  • Fed cuts US interest rates, expects economic growth to cool (AFP via Yahoo! News)

    The Federal Reserve, in a widely expected move, cut US short-term interest rates Wednesday saying that economic momentum was likely to slow in coming months.
    2007-10-31 12:10:45
  • St George won't raise interest rates (AAP via Yahoo!Xtra News)

    St George Bank has broken ranks with its competitors, saying it probably won't raise its mortgage rates above any further movements in official interest rates.
    2007-10-31 01:04:15
  • Consumer confidence falls further in October

    Reuters UK - The decline, which takes the overall index to its lowest since March, suggests higher mortgage payments and tougher credit conditions are ... team noted there was "a reluctance to spend large amounts of money at a time when higher interest rates ...
    2007-10-31 03:30:00
  • Farmland real estate is up 90% in 5 years

    Argus Leader - At a time when a housing slump and the subprime mortgage debacle are hurting America ... Even ticked off a number of reasons for the escalating values: low interest rates ... Add in low unemployment - 3 percent in August, the fifth- lowest rate in the nation ...
    2007-10-31 07:11:00
  • Fed may act, but some say it's too late

    Palm Beach Interactive - ... policymakers probably will cut interest rates today for the second time in six weeks, trying to stimulate economic growth and dodge a recession. ... measure of consumer confidence fell to its lowest ...
    2007-10-31 08:37:00
  • Asian markets flat as investors await Fed move; China, Korea ...

    CNBC - ... as investors marked time ahead of a US Federal Reserve decision on interest rates. ... Wall Street is worried that the problem that began in the subprime mortgage sector is ... the gloom, data released Tuesday showed US consumer confidence fell to its lowest ...
    2007-10-31 03:30:00
  • Dollar Falls to Record Low Versus Euro on Quarter-Point Fed Cut

    Bloomberg - ... Index traded on ICE Futures U.S. in New York touched 76.593 today, the lowest since ... to 4.75 percent, the first reduction since 2003, after losses from subprime mortgage ... com in New York, before the Fed decision. ``If the Fed continues to cut rates, the ...
    2007-10-31 11:29:00
  • U.S. Stocks Rise on Economic Growth; MasterCard, Kraft Advance

    Bloomberg - ... stocks higher as the Federal Reserve met for a second day to set interest rates ... investment, easing concern that the housing slump and losses from subprime mortgage ... showed U.S. business activity in October unexpectedly contracted to the lowest ...
    2007-10-31 10:46:00
  • U.S. Economy: Growth Unexpectedly Accelerated (Update1)

    Bloomberg - The quarter included the period when some mortgage and commercial-borrowing costs ... preferred price index climbed, policy makers are still forecast to lower rates ... from the prior month, while housing starts declined 10 percent to the lowest since ...
    2007-10-31 09:35:00
  • Dakotas: Lowest rates in U.S. on subprime loans

    Argus Leader - South Dakota and North Dakota have the lowest rate of subprime home loans in the nation, according to the Mortgage Bankers Association’s National Delinquency Survey. “Back during the big housing boom in 2004 and 2005, South Dakota was one of the ...
    2007-10-31 06:00:00
  • Pound powers past weaker dollar

    BBC Business - ... market view that it would trim US interest rates ... the third month in a row in October to its lowest level in two years. The Fed cut its benchmark interest rate to 4.75% from 5.25% in September.
    2007-10-31 11:22:00
  • European Bonds Fall as Accelerating Prices Fuel Rates Concern

    Bloomberg - European Bonds Fall as Accelerating Prices Fuel Rates Concern By Lukanyo Mnyanda ... two- and 10-year bonds narrowed 2 basis points to 21 points today, the lowest since ... headed for its best month in three on concern losses from the U.S. subprime-mortgage ...
    2007-10-31 06:07:00
  • Fed cuts rates to 4.5%

    CNN Money - ... central bank in September and leaves the federal funds rate at 4.5 percent, its lowest ... For this reason, most investors believed the Fed would lower rates again in order to ensure that there is little spillover from the mortgage meltdown into the ...
    2007-10-31 11:22:00
  • Wall Street Shows Mixed Reaction as Fed Cuts Rate

    CNBC - The first economic data of the day showed that the lowest interest rates on 30-year rates since May spurred a surge in mortgage applications last week , even though demand to buy new homes decreased. And if those reports weren't enough, the Chicago ...
    2007-10-31 11:15:00
  • Fed is expected to cut rates today (AP via Yahoo! News)

    With oil prices soaring and the housing market sinking, the Federal Reserve is likely to combat the economic turmoil with more interest rate cuts.
    2007-10-31 10:30:48