Mortgage and Financial News From 2008-7-17 Page 6
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Dollar rises with stocks as oil price plunges - Guardian Unlimited
NEW YORK, July 17 (Reuters) - The dollar surged against the yen on Thursday and erased earlier losses versus the euro as oil prices plunged and investors worried that high energy costs and financial market turmoil were slowing global growth. U.S ...
2008-07-17 01:45:00 -
U.S. 2-Year Note Yield Near Lowest Since May on Growth Outlook - Bloomberg
July 16 (Bloomberg) -- Treasuries were little changed, with two-year yields near the lowest since May, on speculation slowing economic growth will stoke demand for government debt and temper inflation. Barclays Capital Inc., one of the 19 primary ...
2008-07-16 01:07:00 -
Rates sink on all types of mortgages (Chicago Sun-Times)
WASHINGTON---- Mortgage rates fell this week with 30-year mortgage rates dropping to the lowest level in six weeks as investors became less worried that the Federal Reserve would soon tighten credit policy to stall inflation.
2008-07-17 12:06:13 -
Credit crunch to sting well into 2009, poll shows (The Globe and Mail)
LONDON — A near one year-old credit crunch still has plenty of venom and will sting global financial markets and the economy well into next year or even into 2010, a Reuters poll found.
2008-07-17 12:33:16 -
FOREX-Dollar rises with stocks as oil price plunges (Reuters via Yahoo! Malaysia News)
* Dollar rises as oil prices plunge
2008-07-17 01:30:58 -
Investors brace for Citigroup to post another loss (Seattle Times)
So far, the nation's major banks have announced some very comforting earnings numbers for the second quarter. But Wall Street is worried that the next big report will create alarm rather than provide more reassurance.
2008-07-17 02:38:59 -
Textron 2Q profit tops outlook, but forecast weak (INO News)
Strong demand for Cessna jets, Bell helicopters and E-Z-GO golf carts drove Textron Inc.'s second-quarter profit above expectations, but the conglomerate's shares fell Thursday on news that lackluster performance in its finance and industrial segments will weigh on third-quarter results.
2008-07-17 03:25:25 -
Yen May Extend Drop Versus Dollar as Stocks Rise, Oil Declines (Bloomberg.com)
July 18 (Bloomberg) -- The yen may decline for a third day against the dollar after a plunge in crude oil pushed U.S. stocks higher, encouraging investors to sell the currency and buy higher-yielding assets outside Japan.
2008-07-17 03:32:34 -
Slowdown in housing is fueling higher rents - Chicago Tribune
LOS ANGELES - Apartment rents jumped across Southern California last year and vacancy rates continued tightening, in part because of the housing market slump, according to a new report. Apartment occupancy rates now top 97 percent in nearly all ...
2008-07-17 02:28:00 -
U.S. mortgage rates declined - Political Gateway
WASHINGTON, July 17 (UPI) -- Interest rates for 30-year, fixed-rate mortgages declined in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year fixed interest rate averaged 6.26 percent with an average 0 ...
2008-07-17 07:54:00 -
Tumbling Mortgage Rates - HULIQ.com
Mortgage rates fell during the past week as many investors feel that it is unlikely that the Federal Reserve is going to raise key interest rates anytime soon. 30 year mortgage rates dropped to their lowest level in 6 weeks according to Freddie Mac ...
2008-07-17 01:59:00 -
Mortgage Rates Fell in Week - Wall Street Journal
Mortgage rates fell this week, a result of market speculation that the Federal Reserve may not raise the overnight bank-lending rate this year, Freddie Mac 's chief economist said. The 30-year fixed-rate mortgage averaged 6.26% in the week ended ...
2008-07-17 02:42:00 -
Mortgage Rates Tumble - Street.Com
Mortgage rates have taken a "welcome plunge" over the past week, as the market shifted expectations about the Federal Reserve's future rate-target moves, Freddie Mac FRE said Thursday. The government-backed mortgage lender's weekly survey showed the ...
2008-07-17 02:28:00 -
UAE mortgage market set for massive growth - MENAFN
(MENAFN - Arab News) The Saudi Council of Ministers has announced the promulgation of the Royal Decree approving AXA's registration in the Kingdom to operate as a licensed cooperative insurance company. "This is a significant milestone in our ...
2008-07-15 06:16:00 -
Mortgage Misery - Part 1 - WNDU
It's no secret that the country is facing a mortgage crisis. A record number of homes are in foreclosure. Many people were approved for and took on risky mortgages that, in the end, they couldn't afford. Some had adjustable rate mortgages and couldn ...
2008-07-14 05:59:00