Mortgage and Financial News From 2008-1-23 Page 9

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  • Rate hike 'likely' after inflation surge

    ninemsn - ... after investors had their fingers burnt by a seven per cent slump in share prices, homebuyers now face even higher mortgage ... Businesses calculate another rate rise would cost the economy $1.8 billion. But economists say the strength of domestic ...
    2008-01-23 01:29:00

  • UPDATE: Fed Cuts Give Strapped Homeowners More Breathing Room

    Beurs.nl - ... rates hold out the promise of at least limiting the sticker shock of higher payments on loans linked to Treasury indexes used to calculate many adjustments. Lower rates also will make it easier for homeowners to qualify for refinanced loans, mortgage ...
    2008-01-23 08:53:00

  • Toilet repair - kjrh.com

    Toilet repairkjrh.com, OK - 38 minutes agoUse this calculator to see how much interest you can save by refinancing your mortgage. Enter your desired payment - and let us calculate your loan amount. ...
    2008-01-23 09:41:26

  • UPDATE: Fed Cuts Give Strapped Homeowners More Breathing Room (Nasdaq)

    CHICAGO (Dow Jones) -- Homeowners facing resets on their adjustable-rate mortgages or hoping to refinance into less-burdensome loans may be the biggest beneficiaries of the Federal Reserve's surprise rate cut this week as mortgages continue to get cheaper.
    2008-01-23 09:36:10

  • Banks lower prime rate after Fed takes action to combat weak economy

    MSN MoneyCentral - The prime rate is the interest rate charged by banks to their most creditworthy customers, generally top business clients. The move follows approval by the Federal Reserve System Open Market Committee of a 75-basis-point decrease in the discount rate ...
    2008-01-22 01:16:00

  • European govt bonds sharply up as Fed rate cut fails to lift equity ...

    Forbes - ... calls for the European Central Bank to follow the Federal Reserve and cut interest ... Stock markets on Wall Street also opened lower, with the Fed's rate cut still not ... houses will follow their American counterparts by announcing large sub-prime write ...
    2008-01-23 08:14:00

  • City National Bank cuts key interest rate after Federal Reserve ...

    CNBC - NEW YORK - City National Bank on Tuesday lowered its prime rate by three-quarters of a percentage point after the Federal Reserve cut its key interest rate. City National Bank, based in Los Angeles, said its prime rate is now 6.5 percent. The Fed cut ...
    2008-01-22 03:17:00

  • Euroshares close sharply lower; ECB, BoE temper rate cut expectations ...

    CNBC - ... not be in a hurry to follow the US Federal Reserve and cut interest rates. A fresh drop on Wall Street weighed on sentiment amid a growing realization that the Fed's surprise rate cut ... Generale lost 4.2 pct hit by renewed talk of further sub-prime ...
    2008-01-23 09:11:00

  • Wake Forest Bancshares, Inc. Announces First Quarter Results

    CNBC - A significant portion of the Company's loans and investments have either shorter maturities or variable rates and therefore the portfolio reacts fairly quickly to movements in the prime rate. The Federal Reserve lowered interest rates by 75 basis ...
    2008-01-23 11:41:00

  • Central Jersey Bancorp Reports An 18 Percent Increase in 4th Quarter ...

    MSN MoneyCentral - The margin compression experienced during the year ended December 31, 2007, was primarily due to the competitive loan and deposit pricing environment during such year and reductions in the Prime Rate of interest. For the three months and year ended ...
    2008-01-23 01:29:00

  • Hong Kong shares higher in volatile trade after Wall St's rebound ... - Forbes

    Hong Kong shares higher in volatile trade after Wall St's rebound ...Forbes, NY - 2 hours agoHong Kong's inflation rate, now at the highest in nearly a decade, may go up further as the central bank cut interest rates. 'The Hong Kong economy is not ...
    2008-01-23 07:12:41

  • BSP monitoring markets - Manila Standard Today

    BSP monitoring marketsManila Standard Today, Philippines - 2 hours agoAmando Tetangco said yesterday he hoped the US Federal Reserve’s emergency cut in interest rates of 75 basis points would calm local markets even as ...
    2008-01-23 07:22:50

  • Low mortgage rates should attract buyers, refinancers - WALB-TV

    Low mortgage rates should attract buyers, refinancersWALB-TV, GA - 2 hours agoAfter the fed dropped the prime rate, most 30-year fixed loan rates dropped half a percentage point. Perhaps the best news the housing industry has heard in ...
    2008-01-23 07:28:33

  • International Forecaster January 2008 (#6) - Gold, Silver, Economy ... - Gold Seek

    International Forecaster January 2008 (#6) - Gold, Silver, Economy ...Gold Seek - 1 hour agoAnd if that was not enough, those on the wrong end of interest rate swaps with notional principal in the hundreds of trillions would be vaporized in an ...
    2008-01-23 07:57:44

  • rate cut leads to renewed call to depeg - Emirates Business 24/7

    rate cut leads to renewed call to depegEmirates Business 24/7, United Arab Emirates - 1 hour ago“The US economy is suffering from heavy pressures, especially the sub-prime crisis and the recent massive losses reported by major banks. The US interest ...
    2008-01-23 08:02:01

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