Mortgage and Financial News From 2007-10-28 Page 5
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Banks dismiss Costello's rate rise warning
Australian Broadcasting Corp. - But do you accept, Prime Minister, that it's a hard sell to the Australian people if they're to have their sixth interest rate rise since the return of your government in 2004? JOHN HOWARD: Geoff, I'm not going to get into a commentary. You can make ...
2007-10-28 05:45:00 -
India May Keep Interest Rates Unchanged Amid Capital Controls
Bloomberg - The interest-rate scenario in China is a picture in contrast. China's central bank will probably increase borrowing costs for the ... Analysts expect Prime Minister Manmohan Singh to call snap elections because of opposition from his communist allies on ...
2007-10-28 04:33:00 -
Economy, interest rates to dominate week three (Australian Broadcasting Corporation)
Week three of the election campaign is set to be dominated by the economy, with the Coalition under increasing pressure over its record on interest rates.
2007-10-28 06:58:02 -
Fed tipped to deliver US rate cut (BBC News)
The US Federal Reserve is widely expected to cut interest rates this week, maybe by 50 basis points.
2007-10-28 10:26:01 -
Credit chaos may force Fed boss to make fresh rate cut (The New Zealand Herald)
US Federal Reserve chairman Ben Bernanke is poised to make a second emergency cut in interest rates this week as the chaos from the sub-prime mortgage fiasco ripples through America's economy, exposing hundreds of thousands of families to the threat of losing their homes.
2007-10-28 09:46:53 -
PM 'could never deliver' on 2004 rate pledge (Australian Broadcasting Corporation)
Opposition Leader Kevin Rudd says the Prime Minister has broken a promise on interest rates that he should never have made.
2007-10-28 01:58:11 -
Jackson, Bernanke to discuss proposals
Chicago Tribune - Taylor said Jackson and the NCRC will talk to Bernanke about launching a fund to help struggling homeowners refinance mortgages and prevent foreclosures. Rashida Restaino, a spokeswoman for Rainbow/PUSH, also confirmed that Jackson is scheduled to ...
2007-10-27 03:13:00 -
Pens refinance with $100 million
Calgary Sun - PITTSBURGH -- The US$21-million payment by the Pittsburgh Penguins to co-owner Mario Lemieux this month was part of a $100-million refinancing in which the other primary owner, California billionaire Ron Burkle, and additional investors split $25.3 ...
2007-10-28 12:34:00 -
Got a pricey auto loan? You may be able to refinance to better terms
Buffalo News - The best time to get a good financing deal is when you buy the car. If you don’t qualify for a good rate then, and your finances subsequently improve, try refinancing. If you are stuck in an expensive car loan, you can probably get out of it ...
2007-10-28 04:16:00 -
Trick or treat? Fed Halloween decision anxiously awaited
Raw Story - Certainly a half-point cut would be in order in view of the revelations of Countrywide and Merrill," Morici said after the Wall Street bank wrote off 7.9 billion dollars in soured investments and Countrywide said it was ready to refinance 16 billion ...
2007-10-28 02:25:00 -
Fed concern at expectation of rate cut
MSN MoneyCentral - The Federal Reserve is likely to cut interest rates by a quarter-point to 4.5 per cent when its two-day policy meeting ... The Fed will worry most about the market for mortgage-backed securities, only slightly improved since September. It is anxious ...
2007-10-28 02:10:00 -
Spitzer budget office warns of lower revenues
Newsday - Thousands statewide can no longer afford their subprime, adjustable rate mortgage payment as interest rates rise. For New Yorkers, the bad news still won't likely mean a state tax increase, which Gov. Eliot Spitzer and the Republican-led Senate ...
2007-10-28 11:33:00 -
Sunday Papers; US Fed poised to make a second cut in rates - other ...
Reuters UK - US Fed poised to make a second emergency cut in interest rates and shops are braced for a cold Christmas and gloomy 2008. * US Federal Reserve poised to make a second emergency cut in interest rates on Wednesday as chaos from the sub-prime mortgage ...
2007-10-28 03:26:00 -
Glenn Milne
News.com.au - And it's the "consumer price" part of inflation, as much as its impact on mortgage rates, that is now playing a key role in making Rudd the election favourite. Immediately after the CPI release, Treasurer Peter Costello argued that the headline rate ...
2007-10-28 05:35:00 -
Stressed borrowers use plastic to delay default
Boston Globe - The problem with using credit cards -- with their high interest rates -- to stave off default brought on by "reset" adjustable mortgage interest is that it merely postpones an inevitable crisis, said Gregary Brown, social policy director at ...
2007-10-28 11:18:00