Mortgage and Financial News From 2007-9-24 Page 10

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  • Dollar Touches Fresh Lows on Rate Cut, Growth Fears

    CNBC - The dollar hit a record low against the euro for the third session Monday on concerns that the troubles in the housing sector could crimp economic growth and trigger more interest rate cuts in United States. Trade was light with market attention ...
    2007-09-24 09:00:00

  • New Zealand Dollar Rises as Investors Lured Back to Carry Trade

    Bloomberg - New Zealand's record 8.25 percent benchmark interest rate is 7.5 percentage points higher than Japan's, which the nation's central bank left unchanged last week. Higher returns lure investors to buy New Zealand's bonds and bills with cheaply borrowed ...
    2007-09-24 02:29:00

  • Stocks Fall on Profit Taking

    BusinessWeek - Major U.S. stock indexes fell Monday as traders took profits from last week's large rate cut-inspired gains, amid worries about strength of economy and housing, and if Federal Reserve interest-rate cuts will fuel inflation. On Monday, the Dow Jones ...
    2007-09-24 03:12:00

  • Hungary central bank cuts leading interest rate 0.25 pct point to 7.5 ...

    Forbes - BUDAPEST (Thomson Financial) - The Hungarian central bank today lowered its key interest rate by a quarter of a percentage point to 7.50 pct, the bank's rate-setting Monetary Council said in a statement. The rate cut had been widely expected by ...
    2007-09-24 07:05:00

  • Pound Rises Against Dollar as Growth Dims Outlook for Rate Cut

    Bloomberg - Sept. 24 (Bloomberg) -- The pound rose against the euro and dollar on speculation the U.K. economy isn't being hurt by the global credit drought, encouraging traders to buy the currency with loans taken out in lower interest-rate nations. Growth in ...
    2007-09-24 09:57:00

  • Dollar pounces on weakened greenback

    News.com.au - THE dollar opened stronger today, benefiting from further US dollar weakness in the wake of last week's interest rate cut by the Federal Reserve. At 7am AEST, the Australian dollar was trading at $US0.8676/84, up from yesterday's close of 0.8672/78 ...
    2007-09-24 03:26:00

  • Shares of mortgage lenders mixed in wake of interest-rate cut, Wall ...

    CNBC - NEW YORK - Shares of mortgage lenders were mixed Monday as the market tried to digest last week's interest-rate cut and Wall Street's earnings reports. The Federal Reserve last week cut its target for interest rates to 4.75 percent from 5.25 percent ...
    2007-09-24 09:00:00

  • FOREX-Dollar touches fresh lows on rate cut, growth worries

    Reuters - NEW YORK, Sept 24 (Reuters) - The dollar hit a record low against the euro for the third session on Monday on concerns that the troubles in the housing sector could crimp economic growth and trigger more interest rate cuts in United States. Trade was ...
    2007-09-24 11:44:00

  • Investec predicts further US interest rate drops by year-end (Money Marketing Online)

    Investec Asset Management is predicting that the US Federal Reserve will follow through with easing in the Fed Funds rate of at least 50 basis points before the end of 2007. ...
    2007-09-24 05:54:34

  • Good inflation news allowed for rate cut: Fisher (Market Watch)

    WASHINGTON (MarketWatch) -- A recent downtrend in inflation gave the Federal Reserve "some wiggle room" to cut its overnight target interest rate by half a percentage point, the president of the Federal Reserve Bank of Dallas said Monday.
    2007-09-24 06:33:56

  • Fisher: interest rate cut needed to spur economic growth (KXAN 36 Austin)

    DALLAS (AP) - A banker says the improved inflationary environment and rising threats to economic growth motivated the recent Federal Reserve rate cut.
    2007-09-24 11:27:51

  • Fed's Fisher: Interest rate cut needed to encourage economic growth, inflation remains tame (San Jose Mercury News)

    DALLAS - An improved inflationary environment and rising threats to economic growth motivated last week's Federal Reserve rate cut, and policymakers are prepared to act again if needed, Federal Reserve Bank of Dallas President Richard Fisher said Monday.
    2007-09-24 10:38:08

  • HDFC cuts home loan interest rate (Chennai Online)

    Mumbai, Sept 24: Leading private sector lender in home loans space, HDFC today reduced interest rate on floating loans by 0.50 per cent but left the fixed rate untouched at 13.25 per cent.
    2007-09-24 06:26:13

  • Hungary central bank cuts leading interest rate 0.25 pct point to 7.5 pct (Sharewatch)

    BUDAPEST (Thomson Financial) - The Hungarian central bank today lowered its key interest rate by a quarter of a percentage point to 7.50 pct, the bank's rate-setting Monetary Council said in a statement.
    2007-09-24 06:00:59

  • Hungarian central bank cuts interest rate to 7.5 per cent (EARTHtimes.org)

    Budapest - Hungary's central bank on Monday cut its main interest rate by 25 basis points to 7.5 per cent in a move widely-predicted by analysts. The bank three months ago cut 25 basis points from the interest rate - the first cut since austerity mea...
    2007-09-24 07:51:28

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