Mortgage and Financial News From 2007-12-14 Page 15

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  • U.S. Consumer Prices Rise 0.8% in November; Core Rate Up 0.3%

    Bloomberg - ... improved modestly this year, but elevated energy and commodity prices, among other factors, may put upward pressure on inflation,'' Fed policy makers said in a statement this week announcing a quarter-point reduction in the benchmark interest rate to ...
    2007-12-14 05:26:00
  • German shares higher midday as EU inflation figs raise interest rate ...

    Forbes - FRANKFURT (Thomson Financial) - German shares were lower in midday trade reversing today's earlier gains after fresh EU November inflation numbers came in higher than expected and fuelled worries that the ECB might not lower rates for sometime. At 12 ...
    2007-12-14 04:22:00
  • TREASURIES-Bonds ease as inflation hits rate forecasts

    Forbes - NEW YORK, (Reuters) - U.S. Treasury debt prices eased Friday after a bigger-than-expected rise in consumer prices fueled doubts about the possibility of the Federal Reserve continuing to cut interest rates. Bond losses were limited, however, by ...
    2007-12-14 09:08:00
  • Oil Falls a Second Day as Inflation Concern May Curb Rate Cuts

    Bloomberg - Dec. 14 (Bloomberg) -- Crude oil fell a second day in New York on concern demand will stagnate, as strengthening inflation in the U.S. may curb any further interest rate cuts. Oil has dropped 8 percent from a record in November on signs of weakening ...
    2007-12-14 08:25:00
  • US STOCKS-Futures fall as CPI puts rate cuts in doubt

    Reuters - NEW YORK, Dec 14 (Reuters) - U.S. stock index futures signaled a weaker market open on Friday after a higher-than-expected consumer prices report raised concern that simmering inflation may hamper further interest rate cuts by the Federal Reserve ...
    2007-12-14 09:08:00
  • Fed funds futures suggest January rate cut is no longer a certainty

    Forbes - NEW YORK (Thomson Financial) - The odds of further interest rate cuts fell sharply Friday after the release of consumer inflation data that was above expectations. February fed funds futures slumped 0.04 points to 95.96, which implies an 84% chance ...
    2007-12-14 07:42:00
  • A low, low interest rate of 396 percent

    CNN Money - NEW YORK (CNNMoney.com) -- At the East Side Organizing Project in Cleveland, six home owners recently went in for group foreclosure counseling. When asked if any had taken out payday loans, four hands shot up. A payday loan is a small-dollar, short ...
    2007-12-14 09:01:00
  • Futures fall as CPI puts rate cuts in doubt (Reuters via Yahoo! News)

    Stock index futures signaled a weaker market open on Friday after a higher-than-expected consumer prices report raised concern that simmering inflation may hamper further interest rate cuts by the Federal Reserve.
    2007-12-14 06:07:06
  • Market falls as CPI dims rate cut hopes (Reuters via Yahoo! News)

    Stocks fell on Friday after a higher-than-expected consumer prices report raised concern that simmering inflation may hamper further interest rate cuts by the Federal Reserve.
    2007-12-14 07:10:22
  • Fed Cuts Interest Rate Quarter Point (KDKA Pittsburgh)

    The Federal Reserve dropped its most important interest rate to a nearly two-year low on Tuesday and left the door open to additional cuts to prevent a housing and credit meltdown from pushing the economy into a recession.
    2007-12-13 10:04:47
  • Study shows interest rate caps needed for payday lending (The Daily Record)

    COLUMBUS -- Interest rate caps of about 36 percent are the only effective means of helping needy residents out of so-called debt traps set by payday lenders.
    2007-12-14 01:19:06
  • Will interest rate cut be enough to prop up the economy? (USA Today)

    The Federal Reserve cut interest rates by a quarter-percentage point Tuesday to the lowest level in nearly two years in a bid to prop up a shaky economy and prevent a serious credit crunch from stifling consumer and business lending.
    2007-12-14 09:01:12
  • Developers favour condos ahead of new apartments

    Saskatoon Star Phoenix - Paul Caton, Saskatchewan's senior market analyst with the Canadian Mortgage and ... If a developer were to compare a rental housing development that delivers a return ... It all comes down to rates of return and it's simply much more profitable and ...
    2007-12-14 01:37:00
  • Pendulum of a kind

    The Australian - The former prime minister was trusted to keep interest rates lower than Labor ... to Crosby Textor, we don't have the luxury of accessing all its polling to compare ... they'd say that Peter Costello wasn't the answer in the Queensland mortgage belt. ...
    2007-12-14 04:58:00
  • Subprime rate freeze success: Devil's in the details (CNNMoney.com via Yahoo! Finance)

    If you can afford your adjustable-rate mortgage now, but not if it were to reset to a higher interest rate, increasingly there is help to be had. There's just one problem: Who decides if you can afford your mortgage?
    2007-12-14 07:04:00