TREASURIES-Futures fall in quiet Asian trade
fears that the fallout from U.S. subprime mortgage problems would derail the economy. Traders said ... Fed policy meeting to bet on an interest rate cut. The Fed acknowledged the subprime-induced market ...
Optimistic financing needs reality check
financing a used car at a higher interest rate. Such concerns seemed trivial in the ... this week as the implosion of the mortgage industry became front-page news. Mortgage lenders, like ... to sell the house before the higher rate kicks in or who know that their ...
Fed keeps US rates steady
The Federal Reserve on Tuesday kept US interest rates unchanged at 5.25 percent but it ... likely to continue to expand at a moderate pace over coming quarters, supported by solid ... Naroff Economic Advisors said that despite the mortgage and credit woes, the Fed continues to ...
Homeownership Rate Slides Again
with fixed rates. Experts say the tighter mortgage money causes some homeowners to lose their ... they can't refinance their way out of higher-interest rate trouble. Also, a growing number of ... for rental housing was 9.5 percent down only from 9.6 percent a year ago. For ...
Mortgage Fears Drive UpRates on Jumbo Loans
Among other signs of distress, Aegis Mortgage Corp., Houston, notified mortgage brokers that it ... their books, but many other lenders can only make loans that can be sold quickly. ... expected to keep the target for short-term interest rates at 5.25% and maintain their focus ...
How Credit Got So EasyAnd Why It's Tightening
When the Fed cut interest rates to the lowest level in a ... once seen as isolated to a few subprime-mortgage lenders are beginning to propagate across markets ... against the dollar. China let it rise only slowly, continuing to juice exports and produce ...
Democrats Raise HeatOn Mortgage Overhaul
As a wave of mortgage foreclosures buffets financial markets and feeds voter ... lieu of future legislation. Housing isn't the only issue where candidates are moving away from ... consumers often get a lower rate of interest when they agree to a prepayment penalty. ...
Blame Greenspan?
deals uneconomic, the collapse of the subprime mortgage market and with it several hedge funds, ... decision by Wells Fargo to raise its interest on 30-year fixed mortgages in excess of ... on Greenspan was one of those indirect, by-implication-only assaults in which government officials specialise. William ...
Fujitsu Consulting launches Mortgage Ă¢Stress-O-MeterĂ¢
suburban mainstream at most risk from latest interest rate rise; an estimated 70,000 households now ... an estimated 70,000 households now suffering from mortgage stress Sydney, 8 August, 2007 Fujitsu ... families are under extreme stress, which has only increased with todays interest rate rise. Fujitsu ...
Fed leaves key interest rate unchanged
The Federal Reserve left a key short-term interest rate unchanged Tuesday, but indicated that it was ... said. The meltdown in the housing and mortgage markets has caused home foreclosures to climb ...