Mortgage and Financial News From 2008-2-15 Page 48

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  • Dollar Heads for Biggest Weekly Loss This Year on Rate Outlook

    Bloomberg - Feb. 15 (Bloomberg) -- The dollar headed for the biggest weekly loss against the euro since December after Federal Reserve Chairman Ben S. Bernanke signaled the central bank may cut interest rates further to avert a recession. The currency traded ...
    2008-02-14 10:28:00
  • RBS Says Japanese Bonds to Slump on BOJ Rate Outlook (Update2)

    Bloomberg - Feb. 15 (Bloomberg) -- Japan's bond yields will climb to the highest level since August as accelerating economic growth convinces the nation's central bank to raise interest rates next year, according to RBS Securities Japan Ltd. The Bank of Japan ...
    2008-02-14 10:50:00
  • Aussie dollar finishes higher

    News.com.au - THE Australian dollar finished higher today, after holding above $US0.9000 throughout the local session, as the US Federal Reserve signalled more US interest rate cuts. The high-yielding currency finished firmer, despite falling risk appetite, as ...
    2008-02-15 04:05:00
  • Primary reason for refinancing is to pay less interest

    Baltimore Sun - You can expect to pay an additional quarter percent in the interest rate if you want a zero-cost refinance," explains Dick Lepre, a senior loan consultant with Residential Pacific Mortgage in San Francisco. One problem some homeowners are having is ...
    2008-02-15 12:08:00
  • Dow Down 175.26 After Bernanke Prediction

    The Ledger - Though the Fed chairman's comments suggested the central bank is still open to further interest rate reductions, the tone was, as expected, somber. Bernanke said the housing and credit crises have weighed on the economy and curbed hiring. The Labor ...
    2008-02-15 02:53:00
  • Western Asset Emerging Markets Floating Rate Fund Inc. and

    MSN MoneyCentral - ... 80% of its net assets plus any borrowings for investment purposes in floating rate debt securities of emerging market sovereign and corporate issuers, including fixed rate securities with respect to which the Fund has entered into interest rate ...
    2008-02-15 05:02:00
  • India Inflation Rate Slows to 4.07% on Lentil Prices (Update2)

    Bloomberg - Interest-Rate Increases The Reserve Bank of India has raised India's benchmark interest rates nine times since October 2004 to help contain loans growth and curb prices. Inflation needs to be brought down further, central bank ...
    2008-02-15 12:30:00
  • Japan's central bank decides to maintain key interest rate

    Xinhua News Agency - TOKYO, Feb. 15 (Xinhua) -- Japan's central bank decided on Friday to maintain the benchmark short-term interest rate steady at 0.5 percent in line with market expectations. The global market turbulence induced by the U.S. subprime mortgage crisis is ...
    2008-02-14 10:50:00
  • Gold Gains on Outlook for Lower Rates; Platinum Rises to Record

    Bloomberg - Feb. 15 (Bloomberg) -- Gold advanced in London on prospects interest-rate cuts in the U.S. will spur demand for the metal as an alternative to the dollar. Platinum rose to a record. The U.S. currency erased gains for the year yesterday after Federal ...
    2008-02-15 05:09:00
  • China Stock Benchmark Falls 1.2 Percent

    Forbes - Chinese stocks fell Friday as data showing strong money supply growth revived worries over a possible interest rate hike. Meanwhile, airline stocks fell ahead of the influx of some 350 million Air China shares into the market with the expiry of their ...
    2008-02-15 05:45:00
  • UPDATE 1-BOJ keeps rate steady as expected, Fukui awaited

    Forbes - As fears of a U.S. recession linger, Federal Reserve Chairman Ben Bernanke on Thursday held the door open to more interest rate cuts to help the struggling U.S. economy, but said the central bank expects growth to pick up later in the year. Markets ...
    2008-02-15 01:49:00
  • Investors' funds in auction-rate securities frozen

    International Herald Tribune - The $330 billion auction-rate market is dominated by municipalities and other tax-exempt institutions like the Port Authority of New York and New Jersey, which had issued some auction securities and had its interest rate soar to 20 percent on ...
    2008-02-15 02:17:00
  • Pound Heads for Weekly Advance as Traders Pare Rate-Cut Wagers

    Bloomberg - Feb. 15 (Bloomberg) -- The pound headed for its first weekly advance against the dollar since January on speculation accelerating inflation will prevent the Bank of England from cutting interest rates. Gilts were also poised for their first decline ...
    2008-02-15 01:56:00
  • Czech central bankers Rezabek, Holman opposed February interest rate ...

    Forbes - PRAGUE (Thomson Financial) - Czech central bank board members Pavel Rezabek and Robert Holman opposed the rise in interest rates made at its last meeting on February 7, the minutes from the meeting showed today. The minutes, which for the first time ...
    2008-02-15 12:30:00
  • Metals - Gold firms as prospect of Fed rate cuts pressures dollar ...

    Forbes - LONDON (Thomson Financial) - Gold firmed in early trade after the US dollar weakened overnight following comments from Federal Reserve chairman Ben Bernanke that suggested a further cut in US interest rates could be in the offing. The greenback ...
    2008-02-15 02:46:00