Britain facing 6 per cent interest rates
food costs, made worse by the exceptionally bad weather causing flood damage to crops, has ... the average interest rate on a fixed-rate mortgage was only 0.75 per cent higher than ... by global equity market turmoil and widening credit spreads, although for now at least the ...
Markets positive on Fed interest rate decision
have been beset by troubles in global credit markets stemming from a sharp rise in ... market by reassuring investors that problems in mortgage lending and corporate finance would not drag ... earnings shouldn't suffer, housing is not so bad that it is going to derail the ...
Hawkish inflation report is seen as rate rise signal
6.5% or higher. A homeowner with a mortgage of £110,000 would see monthly repayments increase ... more gradual easing of pressure that allows credit spreads to widen to more sensible levels," ... financial crisis. "We are seeing signs of bad loans arising clearly in the US, but ...
US, Europe stocks surge
likely to keep growing despite turmoil in credit markets. Shares of home builders, hurt by ... hit on Monday. "There are no really bad surprises from quarterly reports and we see ... problems are so far only in the mortgage and credit markets ... there is potential ...
Bank signals further rise in UK cost of borrowing
figures last week from the Council of Mortgage Lenders, rose to their highest level since ... was unperturbed about the recent turbulence in credit markets, which have seen a significant repricing ... prices because of the recent flooding and bad weather in Europe, the Bank should be ...
Relative value emerges in subprime crisis: JPMorgan
asset classes tainted by the U.S. subprime mortgage crisis, according to JP Morgan Securities. Recent ... run by Bears' asset management unit made bad bets on bonds linked to subprime mortgages, ... offering high-interest loans to borrowers with poor credit where defaults have surged. The funds were ...
Retail stocks: Don't bail out just yet
retailers. Meanwhile, the turmoil in the subprime mortgage market means low-income households will have a ... will have a harder time accessing cheap credit. That's bad news for big-ticket sellers like ), which ...
Relative value emerges in subprime crisis -JPMorgan
asset classes tainted by the U.S. subprime mortgage crisis, according to JP Morgan Securities. Recent ... run by Bears' asset management unit made bad bets on bonds linked to subprime mortgages, ... offering high-interest loans to borrowers with poor credit where defaults have surged. The funds were ...
What the hullabaloo means for you
10-year Treasury note has dropped, but that mortgage rates - which typically are pegged to ... subprime crisis, there's definitely some evidence that credit problems have spread to a higher grade ... to report increases in non-performing assets. That's bad news and will make mortgage issuers antsy. ...
Fed sees risks, but sits tight
coming months, despite volatile financial markets, tighter credit conditions and the ongoing correction in the ... the past weeks, the turmoil in the mortgage market has spilled over into the broader ... upward wage pressures, which was called "unambiguously bad news for the Fed," by Action Economics. ...