Mortgage and Financial News From 2008-2-3 Page 6

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  • Lebanese banking group calls for sharp rate cut to match US (Zawya)

    BEIRUT: In line with the decision of the US Federal Reserve, the Association of Banks in Lebanon (ABL) has recommended cutting local interest rates on US dollar one-year deposits by 75 basis points, the secretary general of the ABL said on Sunday.
    2008-02-03 09:33:44

  • Japan's Stocks Rise on Bond Insurer Rescue Plan, Sharp's Profit (Bloomberg.com)

    Feb. 4 (Bloomberg) -- Japanese stocks rose, led by financial companies, after a plan by international banks to refinance the second-largest U.S. bond insurer raised hopes global credit market turmoil will be contained.
    2008-02-03 09:46:29

  • It's time to renew priorities

    San Bernardino County Sun - ... growing - from weapons of mass destruction to steroids in baseball to the mortgage ... Ultimately, as consumers of information, each and every one of us determines what's ... in the economy needs to be deeper than whether you're now able to refinance or when ...
    2008-02-01 03:56:00

  • Rising rates will affect all

    ONE News - Family Budgeting Service Chief Executive Raewyn Fox says those who don't own their own home will also be hit as their rents will be hiked to cover investors' ballooning mortgage rates. She says it is particularly tough for renters, with few able to ...
    2008-02-03 10:38:00

  • Mortgage stress builds on homeowners

    New Zealand Herald - High interest rates and a downturn in the housing market is set to put Kiwi homeowners under real pressure this year. Photo / Reuters Mortgage pressures are expected to force a growing number of people to look for less expensive homes in the year ...
    2008-02-03 08:04:00

  • Why Voters Play Follow-the-Leader

    Washington Post - ... or another hurricane like Katrina? Which is the smarter way to keep social security solvent? Raise the retirement age or raise taxes? How can the current economic crisis be averted? Give Americans cash to spend or slash mortgage interest rates to ...
    2008-02-03 06:31:00

  • Pain of mortgage crisis expected to spread far

    Atlanta Journal Constitution - If subprime loans were still a drop in the overall mortgage marketplace, the economy could have withstood such high rates of failure. In fact, subprime mortgages in Georgia posted past-due and default rates in the tough economic times of 2002 that ...
    2008-02-03 05:48:00

  • I'll ease mortgage pain - Rudd

    News.com.au - Hundreds of thousands of Australians are bracing for more mortgage pain as they await a Reserve Bank of Australia decision tomorrow on official interest rates. Forecasts show a record number of Australians will face difficulty in paying their ...
    2008-02-03 06:52:00

  • RBA almost certain to lift rates

    News.com.au - IF YOU'RE about to lob a few "thought grenades" across the office, be careful they don't blow up in your face. "Blamestorming" could follow. Interest rates: Rudd plan to ease mortgage pain Sell-off: MFS to sell 65pc of Stella for $409m Takeover target ...
    2008-02-03 05:48:00

  • U.S. rate cuts fuel Hong Kong property boom

    Reuters UK - Monthly transactions for mass market housing in the final three months of last year were on average 63 percent higher than in the rest of 2007, hitting their highest level for a decade. Real Hong Kong mortgage rates are now negative, below inflation ...
    2008-02-03 08:04:00

  • Rudd's plan to ease mortgage pain

    News.com.au - ... there is a strong economic case for budget belt-tightening by the national government if we want to do our bit in budget policy to make the job of the Reserve Bank easier over the course of 2008 to keep interest rates as low as possible.'' "Mortgage ...
    2008-02-03 06:16:00

  • RBA almost certain to lift rates - NEWS.com.au

    RBA almost certain to lift ratesNEWS.com.au, Australia - 2 hours agoINTEREST rates are almost certainly on the way up tomorrow after new figures showed price pressures remain rampant in many parts of the Australian economy. ...
    2008-02-03 05:59:10

  • Full Service For Empty Houses - Tampa Tribune

    Full Service For Empty HousesTampa Tribune, FL - 2 hours agoAnd the recent meltdown of the sub-prime mortgage industry and skyrocketing foreclosure rates have only increased Griffith's potential market, he said. ...
    2008-02-03 06:13:13

  • American Economy: Flirting with Recession - Global Politician

    American Economy: Flirting with RecessionGlobal Politician, NY - 2 hours agoIn papers, by cutting interest rates the Fed expects to fuel consumption, lower mortgage payments, and by doing so, generate a recovery in the US economy. ...
    2008-02-03 06:19:52

  • DON’T JUST VOTE, TAKE ACTION! - The Indypendent

    DON’T JUST VOTE, TAKE ACTION!The Indypendent, NY - 2 hours agoMcCain says he wants interest rates to be ZERO out of complete ignorance for how interest rates affect the economy. I’d like to see him say that to retirees ...
    2008-02-03 06:27:29

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