Mortgage and Financial News From 2007-12-14 Page 17

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  • MICHELLE SWART spoke to the experts to see what lies ahead next year ...

    Business Day South Africa - The consensus view does not appear to fully factor in the lagged effect of changes in interest rates. Changes take more than a year to affect the real economy. The current easing in consumer spending is therefore more than likely a reaction to last ...
    2007-12-14 03:18:00
  • Dollar extends gains after robust data

    Financial Times - Gavin Friend at Commerzbank said the combination of current financial market turmoil, a stronger yen and perhaps higher commodity prices had taken their toll on Japanese sentiment and the prospects for higher Japanese interest rates had diminished. ...
    2007-12-14 05:48:00
  • Turkey c.banker says see '07 inflation double target

    Guardian Unlimited - ... gross national product growth -- reaching a mere two percent -- did not influence the bank's decision to cut interest rates on ... the central bank could rein in inflation on its own, but coordinated efforts were needed to lower Turkey's gaping current ...
    2007-12-14 03:32:00
  • GLOBAL MARKETS-Credit worries hit financial stocks; yen slips

    Guardian Unlimited - Some have expected a possible rate hike by the Bank of Japan in February, but I don't think the BOJ can raise interest rates during the current business year after today's weak tankan results," said Takeshi Minami, chief economist at Norinchukin ...
    2007-12-13 09:41:00
  • Japan business sentiment hits 2-year low: tankan

    Boston Globe - ... year low, a Bank of Japan survey showed on Friday, reinforcing expectations that any rise in interest rates ... The central bank has long said it will raise rates gradually, as keeping its current ultra-low policy rate of 0.5 percent may lead to ...
    2007-12-14 03:25:00
  • Dollar Strength Could Continue as Current Account Shrinks

    DailyFx - ... which suggested that pricing pressures would make the Fed more reluctant to lower rates ... the prior day’s sell-off as better than expected Retail Sales data reignited interest in stocks with equities ending on the highs. Looking forward the Current ...
    2007-12-14 06:38:00
  • Dollar signs

    Los Angeles Times - It could be a hard landing if the Fed continues to cut interest rates. The U.S. cannot be complacent about the sources of the dollar's current weakness. Further interest rate reductions will only hasten the dollar's decline as a reserve currency ...
    2007-12-13 11:50:00
  • South Africa's Rand to Fall in 2008, Risk Chart Shows (Update3)

    Bloomberg - ... against the dollar, its first increase in three years, as the central bank, led by Governor Tito Mboweni, lifted interest rates ... Current-Account Gap The rand, the currency of Africa's biggest economy, slipped 1.4 percent today to trade at ...
    2007-12-14 06:02:00
  • Market falls as CPI dims rate cut hopes

    Washington Post - ... prices report raised concern that simmering inflation may hamper further interest ... is that inflation will become the bigger concern, and the Fed won't cut rates as ... business conditions and an expected recall would hurt results for the current ...
    2007-12-14 07:14:00
  • More Debt? No Way, No How

    Street.Com - ... Bush was announcing a deal with the mortgage industry to freeze adjustable rates ... associated with many such loans made the payments harder to stomach as the interest ... situation of owning two homes for six weeks this past summer -- our current home ...
    2007-12-14 06:45:00
  • Retail sales, consumer prices both rise

    Philadelphia Inquirer - ... concerns that the economy was about to tumble into a recession, although they said overall economic growth in the current ... Its desire not to stoke price increases led the Fed to limit its cut in interest rates Tuesday to one-quarter of a percentage ...
    2007-12-14 06:52:00
  • ECB's Liebscher worried market rates remain high

    Guardian Unlimited - Euribor interbank interest rates edged lower on Friday for the second day in a row after Wednesday's plan to improve liquidity ... in 2009, but said they were riddled with caveats including the assumption that oil prices remain stable at the current ...
    2007-12-14 06:02:00
  • OPINION-U.S. economy and mortgage rates

    Forbes - If you are contemplating a transition from your current adjustable-rate mortgage (ARM) to the stability of a fixed-rate ... A plus (+) sign means the category is on the side of lower interest rates, a minus (-) sign means the forecast is for higher ...
    2007-12-14 07:07:00
  • Eurozone inflation hits 6-year high

    MSN MoneyCentral - Earlier this month, Mr Trichet disclosed that some ECB governing council members had favoured raising official interest rates from the current 4 per cent. ECB forecasts show eurozone inflation returning back within its target of an annual rate "below ...
    2007-12-14 04:08:00
  • Australian short-term lending rates soar as credit market concerns deepen (The Forex Market)

    SYDNEY (Thomson Financial) - Interest rates in the short-term money market surged 14 basis points on Friday as the US Federal Reserve's plan to pump billions of dollars into the banking sector failed to ease concerns about the global credit crisis.
    2007-12-13 08:58:46