Mortgage and Financial News From 2007-10-24 Page 6

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  • Consumer inflation the lowest in eight years: Costello

    Sydney Morning Herald - ... denies he is trying to gloss over the rate of underlying inflation, saying "consumers' inflation" is the lowest in ... Asked if an interest rate rise would spell the end of the coalition government, Mr Costello said home mortgage interest rates were 10 ...
    2007-10-24 05:14:00
  • UPDATE 1-U.S. Sept existing home sales hit record low pace

    Reuters - ... to a record low 5.04 million unit pace amid troubles in the subprime mortgage and credit markets, the National Association of Realtors said on Wednesday. ... economic outlook and reinforces the view the Fed may have to cut rates at ...
    2007-10-24 01:25:00
  • Howard faces poll risk on rates

    Gulf Times - Economists now expect the central bank to lift interest rates in early November, putting home-loan mortgage rates at the centre ... on the lower annual headline inflation rate of 1.9%, while Howard said the headline inflation rate was the lowest since ...
    2007-10-24 04:38:00
  • Topic: Economy (Global)

    CNBC - U.S. mortgage applications barely advanced last week even as interest rates sank to their lowest levels since May, an industry group said Wednesday, largely reflecting the increasing difficulty borrowers face to obtain a loan as banks tighten lending ...
    2007-10-22 05:59:00
  • Ambac Posts First Loss as Subprime Bond Prices Drop (Update6)

    Bloomberg - ... reported its first quarterly loss after reducing the value of subprime mortgage ... The share price is the lowest since May 2003. CDOs package bonds ... and commodities, or linked to specific events like changes in interest rates ...
    2007-10-24 01:25:00
  • Regulators Paved Way for Loan Abuses, Congress Hears (Update2)

    Bloomberg - ... testimony today that federal banking regulators opened the door to subprime- mortgage ... last month totaled 223,538, double a year ago, as the low introductory rates on ... Sales of previously owned homes fell in September to the lowest level since record ...
    2007-10-24 01:11:00
  • TREASURIES-Bonds rally on stock loss, weak housing data

    Reuters - ... safe-haven demand and reinforced the view that the Federal Reserve will cut rates ... loss and a huge $7.9 billion write-down on bad leveraged loans and mortgage bets ... homes slid 8 percent to an annualized rate of 5.04 million units, the lowest on ...
    2007-10-24 03:12:00
  • TREASURIES-Bonds rally on weak housing data, stock swoon

    Reuters - ... safe-haven demand and reinforced the view that the Federal Reserve will cut rates ... loss and a huge $7.9 billion write-down on bad leveraged loans and mortgage bets ... securities sent the two-year Treasury note's yield to its lowest level ...
    2007-10-24 03:27:00
  • No end in sight to US housing slump

    Guardian Unlimited - Sales of existing home sales in the US plummeted last month to their lowest annual rate since records began, data showed today, as the ongoing crisis in the subprime mortgage ... had hoped that the Federal Reserve's 50 basis point cut in interest rates ...
    2007-10-24 04:45:00
  • PM faces interest rates nightmare

    News.com.au - Financial markets are betting on a further 25-point hike in December or February, taking standard variable mortgage rates to 8 ... I am not going to speculate, but I am reminding everybody that it's the lowest CPI on an annual basis since December 1999 ...
    2007-10-24 04:38:00
  • Foreclosures hammer US housing market

    News.com.au - A separate report on Wednesday showed US mortgage applications edged up only marginally last week, even as interest rates sank to their lowest levels since May. The Mortgage Bankers Association said its index of mortgage applications, which includes ...
    2007-10-24 06:33:00
  • Horror rates ride ahead for PM, borrowers (Canberra Times)

    The Reserve Bank is set to make history by increasing rates on November 7, in a nightmare scenario for the Coalition just two weeks before the federal election.
    2007-10-24 04:09:24
  • PM faces rates nightmare (News Interactive)

    THE Reserve Bank is poised to make history - and deal a severe blow to the Howard Government's re-election hopes - by raising rates during an election campaign for the first time.
    2007-10-24 07:00:00
  • U.S. Treasury Yields Fall on Merrill Loss, Home Sales Decline (Bloomberg.com)

    Oct. 24 (Bloomberg) -- Treasury two-year note yields dropped to the lowest in more than two years as losses at Merrill Lynch & Co. and a plunge in home sales increased speculation the Federal Reserve will cut interest rates next week.
    2007-10-24 09:24:57
  • Treasury Yields Fall on Merrill Loss, U.S. Home Sales Decline (Bloomberg.com)

    Oct. 24 (Bloomberg) -- Treasury two-year note yields fell to the lowest in more than two years as losses at Merrill Lynch & Co. and a plunge in home sales increased speculation the Federal Reserve will cut interest rates next week.
    2007-10-24 01:25:17