Mortgage and Financial News From 2008-2-18 Page 16

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  • Hillary takes Edwards' populist line (The New Zealand Herald)

    White House hopeful Senator Hillary Clinton has a message for hairdressers in Wisconsin, postal workers in Ohio and carworkers across the United States who are struggling financially: she cares.
    2008-02-18 08:38:53

  • Mid-Missouri Bankruptcy Center (KMIZ-TV Columbia-Jefferson City)

    I have gone through a very tough time financially.
    2008-02-18 08:43:48

  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-02-18 08:46:27

  • Euro Declines Against Dollar as Noyer Sees Weaker EU Growth

    Bloomberg - The implied rate on the June Euribor interest-rate future rose to 3.97 percent today, up from 3.73 percent on Feb. 8. The ECB expects economic expansion to slow to about 2 percent this year from 2.6 percent in 2007, according to its ...
    2008-02-18 06:31:00

  • Jumbo mortgages: The best deals

    CNN Money - Michelle Ashworth, a top mortgage executive with Wachovia, says that banks prefer to hold ARMs because the interest rate risk is easier to hedge. Some lenders are so eager to sell ARMs that they're now charging regular rates on smaller jumbos. At ING ...
    2008-02-18 06:10:00

  • Dollar edges up in holiday-thinned trade

    Reuters - A series of bleak U.S. economic reports last Friday, including one showing consumer sentiment hitting a 16-year low, had rekindled worries about a U.S. recession and reinforced expectations for more hefty interest rate cuts. "I think it's just ...
    2008-02-18 07:07:00

  • U.K. House Prices Rise for First Time in Four Months (Update2)

    Bloomberg - With a couple of interest rate drops,'' homeowners seeking to sell ``are probably thinking the outlook is more positive,'' Miles Shipside, commercial director at Rightmove, said in an interview with Bloomberg Television. ``They've got the whole year ...
    2008-02-18 05:05:00

  • Borrowers must pass tests to qualify for a rate freeze

    Baltimore Sun - It may be the only test you flunk if you score too high: It's called the "FICO Test" and it is a key element of the sometimes arcane new guidelines governing which homeowners qualify for "fast track" interest rate freezes on their subprime mortgages ...
    2008-02-17 11:50:00

  • Fed's Lower Rates Pressure China to Strengthen Yuan (Update4)

    Bloomberg - The average benchmark interest rate in Asia is 3.60 percent, weighted by gross domestic product, according to JPMorgan estimates. That's higher than the 3.02 percent average for the Group of Seven nations for the first time in three years ...
    2008-02-18 07:21:00

  • FOREX-Dollar firms after fall, Aussie shines

    Reuters - LONDON, Feb 18 (Reuters) - The dollar found firmer footing against other major currencies on Monday after falling late last week on the back of gloomy economic data, but expectations of more interest rate hikes boosted the Australian dollar. A series ...
    2008-02-18 06:10:00

  • BoE's Besley-lending conditions key to rate policy

    Guardian Unlimited - While Besley is regarded as an arch-hawk on interest rate policy, there was little in his speech to suggest he opposed this month's rate cut to 5.25 percent.
    2008-02-18 01:59:00

  • Rate cuts no help to credit cards

    New York Daily News - The Fed has repeatedly lowered interest rates amid fears of a recession, but that doesn't mean credit card companies are following suit. The Fed cuts are aimed at freeing up credit throughout the economy, but consumer advocates say they haven't had ...
    2008-02-18 12:33:00

  • U.K. house prices rise, survey shows

    International Herald Tribune - The "survey should not be seen as a sign that house prices are set to see renewed strength over the coming months, fueled by the Bank of England's two 25-basis-point interest rate cuts in December and February," Rightmove said. "Crucially, these are ...
    2008-02-18 06:46:00

  • Swedish Krona's Strength Will Be Shortlived, Nordea AB Says

    Bloomberg - Feb. 18 (Bloomberg) -- Any gains by Sweden's krona following last week's surprise interest-rate increase will be shortlived as financial-market turmoil takes its toll, analysts at Nordea Bank AB wrote in a note to clients. Sweden's currency last week ...
    2008-02-18 07:00:00

  • Central banker Wasilewska says Poland needs one or two rate hikes ...

    CNBC - WARSAW (Thomson Financial) - Polish central bank should raise interest rates once or twice more and do it "quickly" to bring inflation to 2.5 pct target, monetary policy member, Halina Wasilewska-Trenkner, was quoted as saying today. Speaking after ...
    2008-02-18 03:18:00

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