Mortgage and Financial News From 2007-9-24 Page 14

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  • American Home Mortgage faces inquiry (AP via Yahoo! News)

    American Home Mortgage Investment Corp. bounced property tax checks for some Maryland homeowners, local and state officials said Monday, and they have demanded an explanation from the bankrupt mortgage lender and servicer.
    2007-09-24 12:19:29

  • Gold near 28-year peak, targets new highs

    Calgary Herald - Record-high oil prices, the Federal Reserve's surprise move to slash interest rates by 50 basis points and a record-low dollar against the euro have elevated gold's safe-haven appeal, helping it move away from a seven-week low of $641.10 hit in ...
    2007-09-24 06:01:00

  • Wall Street eyes higher open on rate-cut hopes

    National Post - NEW YORK (Reuters) - Stocks headed for a higher open on Monday as investors speculated that the Federal Reserve would cut interest rates further to forestall the effect of the housing downturn on the economy. Shares of General Motors Corp. rose 4 ...
    2007-09-24 06:29:00

  • INTERVIEW Polish minister says unemployment may fall to 7 pct by end ...

    FXStreet.com - Poland's central bank has put tightening conditions on the labour market at the heart of its cycle of rises in interest rates this year and says future moves are also likely to depend on the balance of wages and productivity. The more unemployment ...
    2007-09-24 08:03:00

  • Region poised for breather as holidays follow new highs

    Hong Kong Standard - Overall, though, analysts say regional markets are well positioned to make more gains thanks to strong growth in the region and a half-point cut in US interest rates last week. Easing concern about global growth could also spur a rotation out of ...
    2007-09-24 12:13:00

  • Protest erupts over loss of doughnuts

    Lexington Herald-Leader - Nobody's stopping them," said Michael Jacobson, executive director of the Center for Science in the Public Interest in Washington. But he notes that older people have high rates of heart disease and high blood pressure and says senior citizen centers ...
    2007-09-24 09:14:00

  • Dollar dips to 15-year low as slide extends

    Reuters - The Federal Reserve's 50-basis point cut in overnight rates last week to 4.75 percent stirred expectations for even more monetary easing that would erode the dollar's interest rate appeal compared with the euro and higher-yielding currencies. ...
    2007-09-24 12:46:00

  • Three Places to Find Decent Yields

    Street.Com - This weekend, days after Ben Bernanke slashed interest rates to 4.75%, you could still find bank CDs out there yielding 5.5% or better. Picks include an IndyMac Bancorp ( IMB - Cramer's Take - Stockpickr ) six-month CD with an annualized yield of 5.7%, a ...
    2007-09-24 08:24:00

  • Lock in a solid savings rate

    CNN Money - If you plan to save money in a long-term CD, don't waste any time. "Interest rates are definitely not going to get higher, so if you can grab 5 percent, lock down your money," says Zoltan Pozsar, senior economist at Moody's Economy.com. While the ...
    2007-09-24 06:37:00

  • Newcastle roll on after Owen hits the rocks

    Times Online - Interest rates may not have soared, but instability is gradually being banished. Without touching spectacular heights, Newcastle were efficient and solid against a West Ham United side undermined by their fragility. Inspired by the predatory prowess ...
    2007-09-24 07:20:00

  • HDFC cuts home loan interest rate

    Chennai Online - HDFC cuts home loan interest rate Search for More News Mumbai, Sept 24: Leading private sector lender in home loans space, HDFC ... Commenting on this step, HDFC Executive Director Renu Sud Karnad, said, “Our lending rates are a function of our cost of ...
    2007-09-24 11:59:00

  • Three Places to Find Decent Yields (TheStreet.com)

    With short-term rates falling, decent yields are getting harder to find. Try CDs, muni bonds and bank stocks.
    2007-09-24 03:19:31

  • Profiting From Lower Rates (US News & World Report)

    The Fed cuts, and Wall Street celebrates. How to join the party
    2007-09-24 07:04:23

  • How to invest when rates are falling (Bankrate.com via Yahoo! Finance)

    With CD and bond yields plummeting, financial advisers recommend where you should put your money now.
    2007-09-24 03:00:00

  • Fed rates and the bottom line (Detroit News)

    When the Fed raises or lowers short-term interest rates, the impact doesn't ripple evenly through the economy. Different interest rate-related products will behave in different ways leading up to, and in response to, a Fed rate increase or decrease. Here's a look at how quickly your budget will take a hit, or benefit because of the Fed interest-rate moves.
    2007-09-23 11:20:39

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