Mortgage and Financial News From 2007-10-11 Page 13

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  • Sterling slips as housing data fans rate cut talk

    Reuters UK - LONDON, Oct 11 (Reuters) - Sterling slipped to its lowest in nearly two weeks against a basket of currencies on Thursday after data showed UK house pricing falling at their fastest pace in 2 years, rekindling talk of a UK interest rate cut. Data from ...
    2007-10-11 08:04:00

  • BoJ opts to hold interest rates

    Financial Times - Moody’s said it expected the government to meet its goal of balancing the general budget by 2011. ● South Korea’s central bank kept its key interest rate at a six-year high for a second month as a stronger won and fall-out from the US housing ...
    2007-10-11 09:23:00

  • Euro rises vs dollar, at US$1.4173 in afternoon amid speculation about ...

    MSN UK News - The 13-country euro rose Thursday against the U.S. dollar, amid renewed speculation about a possible further interest rate cut from Washington and a drop in the U.S. trade deficit. In afternoon European trading the euro was at US$1.4173, up from US$1 ...
    2007-10-11 06:59:00

  • FOREX-Euro up as Fed rate outlook weighs on dollar

    Reuters UK - Analysts said expectations of more interest rate cuts from the Federal Reserve to shield the U.S. economy from housing and credit market woes boosted stocks and high-yield currencies. The Bank of Japan's decision on Thursday to hold rates at 0.5 ...
    2007-10-11 10:27:00

  • Weak home prices, not rate resets, drive defaults

    Reuters - With hundreds of billions of dollars of adjustable-rate mortgages, or ARMs, having reset so far in 2007 and almost a trillion dollars expected to adjust to a higher interest rate by the end of 2008, many analysts have pointed to this as the main ...
    2007-10-11 09:23:00

  • Dollar Falls Vs Euro on Rate-Cut Outlook

    CNBC - Analysts said expectations of more interest rate cuts from the Federal Reserve to shield the US economy from housing and credit market woes boosted stocks and high-yield currencies. The Bank of Japan's decision on Thursday to hold rates at 0.5% also ...
    2007-10-11 08:54:00

  • Russia central bank lowers rate on currency swaps to stabilise short ...

    Forbes - MOSCOW (Thomson Financial) - Russia's central bank lowered the interest rate on roubles used to carry out currency swap transactions to an annual 8 pct from 10 pct, effective today, in an effort to stabilise short-term rates on the currency market ...
    2007-10-11 07:28:00

  • South Africa Lifts Key Rate to 10.5% to Cut Inflation (Update3)

    Bloomberg - Oct. 11 (Bloomberg) -- South Africa's central bank raised its benchmark interest rate by half a percentage point, the third increase this year, as it struggles to bring inflation back within the target range. The repurchase rate was increased to 10.5 ...
    2007-10-11 08:25:00

  • South African Rand Surges as Central Bank Lifts Interest Rate

    Bloomberg - Oct. 11 (Bloomberg) -- South Africa's rand climbed to its highest in more than a year after the country's central bank raised its benchmark interest rate by half a percentage point. The increase in the repurchase rate to 10.5 percent, announced by ...
    2007-10-11 07:42:00

  • Forex - South African rand given boost by unexpected interest rate ...

    Forbes - LONDON (Thomson Financial) - The South African rand firmed against the dollar following an unexpected decision by the country's central bank to lift borrowing costs. The South African Reserve Bank raised interest rates by half a point to 10.5 pct in ...
    2007-10-11 08:18:00

  • South Korean interest rate unchanged (UPI)

    The Bank of Korea, seeking to maintain South Korea’s growth amid volatile financial markets, Thursday left the key interest rate unchanged at 5 percent.
    2007-10-11 04:42:06

  • Yen Falls as Bank of Japan Keeps Interest Rate at 0.5 Percent (Bloomberg.com)

    Oct. 11 (Bloomberg) -- The yen weakened to a 11-week low against the euro after the Bank of Japan kept its interest rate at 0.5 percent, the lowest in the industrialized world.
    2007-10-11 06:36:11

  • SKorea keeps key interest rate unchanged (AFP via Yahoo! News)

    South Korea's central bank on Thursday kept its key interest rate unchanged for a second month to shore up the economy following recent turbulence in world financial markets.
    2007-10-10 09:42:05

  • BOJ keeps interest rate steady (CNN.com)

    TOKYO, Japan (AP) -- The Bank of Japan kept its benchmark interest rate steady after a two-day policy meeting ended Thursday amid lingering concerns that U.S. credit worries may hurt economic growth here.
    2007-10-11 12:22:06

  • Author: 'Rich White Kids' Get More College Breaks

    NPR News - As far as blacks compare to whites in society, well look, money and power buy ... negligible 30 points, there was also a negligible difference in graduation rates ... going back is the idea that I might have to take out a loan bigger than my mortgage ...
    2007-10-09 04:03:00

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