Mortgage and Financial News From 2007-9-18 Page 9

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  • Fed cuts rates by a half percentage point

    Marketwatch - ... to be matched almost immediately by banks dropping their prime lending rates. Bank ... Association of Home Builders said confidence among builders fell to its lowest ... was forced earlier Tuesday to step in and guarantee all deposits held by mortgage ...
    2007-09-18 11:37:00
  • US homebuilders September index drops to 20 as expected, ties 1991 low

    Forbes - ... month and tied a record low September in light of ongoing turmoil in the mortgage ... All three components are at their lowest point since January 1991. Economists expect ... said most commercial real estate markets in the US are seeing low vacancy rates ...
    2007-09-18 11:09:00
  • Dollar Drops to Record Low Versus Euro as Fed Cuts Half Point

    Bloomberg - The Dollar Index against six other major currencies sank to the lowest since ... lost 5.5 percent this year versus the euro as traders bet the Fed would cut rates ... Mortgage Defaults Mortgage defaults by Americans with poor credit histories ...
    2007-09-18 01:17:00
  • DLF's Billionaire Chairman Singh Calls for India to Cut Interest Rates ...

    Stockhouse Canada - Subdued, Suppressed' ''Due to the increase in the mortgage rates, the market is subdued and suppressed temporarily,'' DLF's Singh ... The wholesale price index was 3.52 percent in the week to Sept. 1, the lowest since Aug. 27, 2005, compared with 3.79 ...
    2007-09-18 03:48:00
  • Company Bond Risk Falls as Fed Rate Cut Eases Economy Concerns

    Bloomberg - Corporate bonds rose, as did indexes tracking mortgage-backed securities, suggesting ... Corp. were among the biggest gainers on expectations that lower interest rates ... Investors Service, yielded 5.63 percent today, down 14 basis points, and the lowest ...
    2007-09-18 03:26:00
  • UPDATE 2-US home builder confidence drops more in Sept-NAHB

    Reuters - ... sentiment fell for a seventh straight month in September as tougher mortgage ... for the next six months declined 5 points to 26 in September, the lowest since ... Lower rates would encourage buyers in addition to promotions, which since June ...
    2007-09-18 01:17:00
  • Surprise fall in inflation could lead to interest rate cut

    Daily Telegraph - ... rate in August has opened the door for the Bank of England to cut interest rates ... inflation from 1.9pc in July to 1.8pc means prices are rising at their lowest rate ... benchmark by wage negotiators, rose from 3.8pc to 4.1pc thanks to higher mortgage ...
    2007-09-18 04:02:00
  • Signs Suggest Housing Slump May Persist

    Forbes - Mortgage lenders and Wall Street had been lobbying hard for the Fed to cut rates. Even so, Robert Toll, CEO of Horsham, Pa.-based homebuilder Toll Brothers Inc. ... The index was lowest in the Midwest and highest in the Northeast. "Builders are ...
    2007-09-18 03:48:00
  • August producer prices dip, home builders gloomy

    MSN MoneyCentral - ... on Tuesday showed, backing views the Federal Reserve will cut interest rates to ... home buyers are getting spooked by the many headlines they are seeing on mortgage ... bought a net $19.2 billion in long-term U.S. securities in July, the lowest in ...
    2007-09-18 02:00:00
  • Mexican markets rally after U.S. interest rate cut

    Reuters - ... Federal Reserve slashed benchmark interest rates ... federal funds rate to 4.75 percent, its lowest since May 2006. Investors snapped up Mexican assets, with the rate cut easing concerns that persistent problems in the U.S. housing and mortgage ...
    2007-09-18 01:32:00
  • Fed bolsters economy with bold half-point cut

    The Independent - A survey of housebuilders, carried out by their national trade body, found confidence at its lowest ... struggle to adjust to higher interest rates following the expiry of discounted "teaser" rates that were designed to lure them into a mortgage.
    2007-09-18 04:09:00
  • Housing outlook worsens as Fed warns

    MSN MoneyCentral - ... that have shaken confidence since policymakers last gathered to set interest rates ... The index, due out late on Tuesday, has reached its lowest level since the last ... with a loan-to-value ratio today of 80 per cent could find themselves with a mortgage ...
    2007-09-18 04:09:00
  • Stocks soar as Fed makes bold rate decision

    MSN MoneyCentral - ... most in four years on Tuesday after the Federal Reserve slashed interest rates ... On August 6, American Home Mortgage Investment Corp. , one of the largest ... The benchmark federal funds rate now stands at 4.75 percent, its lowest level ...
    2007-09-18 03:48:00
  • Fed slashes U.S. interest rates

    MSN UK News - WASHINGTON (Reuters) - The Federal Reserve on Tuesday slashed U.S. interest rates ... rate, which governs overnight loans between banks, down to 4.75 percent, its lowest ... unravelled as French bank BNP Paribas froze three funds with U.S. subprime mortgage ...
    2007-09-18 03:55:00
  • Stocks, 2-Year Notes, Gold Rise as Fed Cuts Rates; Dollar Falls

    Bloomberg - Policy makers pledged to act as needed to prevent losses from mortgage defaults from ... The Dollar Index against six other major currencies sank to the lowest since ... Lower interest rates are bullish for oil because they boost economic growth and ...
    2007-09-18 02:43:00