Mortgage and Financial News From 2007-12-3 Page 22

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  • Market lending rates soar

    MSN UK News - ... strapped wholesale borrowers are now forced to pay nearly 100 basis points above the Bank of England's benchmark interest rates ... Board member Jose Manuel Gonzalez-Paramo said euro zone money market spreads are unusually wide, and the current market ...
    2007-12-03 08:38:00
  • Gonzalez-Paramo says ECB can't cut rates to help banks hit by mkt ...

    Forbes - ... Thomson Financial) - European Central Bank board member Jose Manuel Gonzalez-Paramo said the ECB would never cut interest rates ... existence of sufficient aggregate euro liquidity, points to an important limitation for public policies...in the current ...
    2007-12-03 08:46:00
  • Fukui Says Keeping Rates Too Low Could Hurt Growth (Update3)

    Bloomberg - ... economy is stably growing around 2 percent and consumer prices are expected to register larger gains eventually, current interest-rate levels are relatively low,'' Governor Fukui said. ``But that doesn't mean we're in a hurry to raise interest rates ...
    2007-12-03 07:20:00
  • Paulson: Deal near on freezing adjustable rates

    Houston Chronicle - ... is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates. Paulson told a national housing conference that this effort involved a "pragmatic response" to current ...
    2007-12-03 08:24:00
  • Will the Bank of Canada Take the Plunge and Cut Rates by 25bp This Week? (Daily FX)

    How Will The Markets React? On Tuesday, the Bank of Canada will announce whether they find it necessary to cut interest rates by 25bp to 4.25 percent, as downside risks to growth continue to mount and credit markets remain tight.
    2007-12-03 08:38:22
  • Reuters poll predicts rates to be left on hold (Reuters.co.uk)

    LONDON (Reuters) - The Bank of England will hold interest rates in December, economists forecast in a Reuters poll, but they gave a roughly one in three chance of a cut in perhaps the most difficult decision to predict for a long while.
    2007-12-03 09:09:46
  • Fukui Says Keeping Rates Too Low Could Hurt Growth (Update3) (Bloomberg.com)

    Dec. 3 (Bloomberg) -- Bank of Japan Governor Toshihiko Fukui said keeping interest rates too low could encourage excessive investment and make economic growth unsustainable.
    2007-12-02 10:21:11
  • Paulson says agreement is near on industry-wide effort to freeze mortgage rates (Canadian Business)

    WASHINGTON - US-Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of American homeowners avoid mortgage defaults by temporarily freezing their interest rates.
    2007-12-03 08:28:16
  • Investors take a break, eye interest rates (Reuters via Yahoo! News)

    Investors took a breather from last week's intensive market action on Monday with stocks flat to lower and the dollar edging lower, keeping the focus on an expected U.S. rate cut later in the month.
    2007-12-03 05:43:57
  • Feds near deal to freeze mortgage rates (Houston Chronicle)

    Treasury Secretary Henry Paulson said today he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates.
    2007-12-03 08:59:10
  • Paulson says agreement is near on effort to freeze US mortgage rates (International Herald Tribune)

    Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of American homeowners avoid mortgage defaults by temporarily freezing their interest rates.
    2007-12-03 09:05:13
  • Mortgage Interest Rates Might be Frozen (FOX 31 Denver)

    WASHINGTON - Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates.
    2007-12-03 08:26:42
  • Rehabbers find a niche in foreclosures

    Dallas Morning News - MAPLE HEIGHTS, Ohio – After the unpaid mortgage bills, the creditor warnings ... handyman like Adrian Brad to clean up the mess left by the nation's home ... bid, some were withdrawn and most got a single bid, typically by the lender ...
    2007-12-03 08:31:00
  • Fed's Rosengren Sees Growth `Well Below' Speed Limit (Update1)

    Bloomberg - ... its long-term pace for two quarters, potentially spurring increases in home ... He urged banks to help subprime-mortgage borrowers refinance loans with guarantees ... or refinances of current loans may frequently be in both the borrower's and lender ...
    2007-12-03 07:20:00
  • U.K. Rate Vote Splits Economists the Most Since 2004 (Update3)

    Bloomberg - Home prices fell the most in 12 years last month, the lender said Nov. 29. Concern about losses from the U.S. subprime mortgage markets has made banks reluctant to lend to each other, pushing up borrowing costs for companies and households
    2007-12-03 08:10:00