Mortgage and Financial News From 2007-11-7 Page 10

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  • Terry McCrann: I'm certainly not sorry, John

    News.com.au - I FOR one like, really like this interest rate rise. I am most certainly not sorry that the official rate has risen to its highest point since mid-1996. I have to respectfully disagree with both Prime Minister John Howard and Treasurer Peter Costello ...
    2007-11-07 03:14:00
  • Hit by historic rate rise

    News.com.au - HOMEOWNERS have been slugged with another interest rate rise, the first-ever during an election campaign, pushing mortgage rates towards a 13-year high. The latest rise of 25 basis points takes official rates to 6.75 per cent and means variable ...
    2007-11-07 09:09:00
  • Warsh Says Change in Economy Data Needed to Shift Rate Stance

    Bloomberg - Nov. 7 (Bloomberg) -- Federal Reserve Governor Kevin Warsh said new information would need to ``materially'' alter the Fed's expectations for growth and inflation to prompt a shift in its position on interest rates. Fed officials judged last week ...
    2007-11-07 10:14:00
  • U.S. Stocks Drop on Mortgage Probe, Slumping Dollar; GM Falls

    Bloomberg - Nov. 7 (Bloomberg) -- U.S. stocks fell, erasing their gains since the Federal Reserve's Sept. 18 interest-rate cut, after New York expanded its probe of the mortgage industry, General Motors Corp. posted a record loss and the dollar tumbled ...
    2007-11-07 03:14:00
  • Fed officials hint at potential for lower rates

    Reuters - MILWAUKEE (Reuters) - Federal Reserve officials on Wednesday said more interest rate cuts could be needed if economic growth proves weaker than expected, just a week after hinting that rates would probably stay steady for now. Uncertainty about how ...
    2007-11-07 03:14:00
  • I made no such interest-rates promise, says PM

    News.com.au - Peter Costello said the interest rate rises were a reflection of the strength of the economy. "If we turn our back on good economic management, if we turn our back on industrial relations changes, then you will see, as we have seen in the past ...
    2007-11-07 01:41:00
  • Lacker Says Fed's October Interest-Rate Cut `Was Warranted'

    Bloomberg - Nov. 7 (Bloomberg) -- Federal Reserve Bank of Richmond President Jeffrey Lacker endorsed last week's quarter-point cut in the benchmark interest rate, while warning that he remains concerned about inflation. ``I believed a slightly lower rate was ...
    2007-11-07 10:14:00
  • Productivity Surges by 4.9 Percent Rate

    Chicago Tribune - The Fed last week cut a key interest rate for the second time in two months. At the same time, the central bank expressed concerns that inflation remained a problem, especially in light of rising oil prices. Fed Chairman Ben Bernanke planned to ...
    2007-11-07 03:22:00
  • Times MPC split over need for rate cut to fight credit squeeze

    Times Online - The dilemmas facing the Bank of England over today’s interest rate verdict are starkly emphasised this morning by sharp divisions among The Times Monetary Policy Committee over how borrowing costs should react to the fallout from the global credit ...
    2007-11-07 12:58:00
  • New Zealand's Jobless Rate Falls to Record 3.5% (Update2)

    Bloomberg - Nov. 8 (Bloomberg) -- New Zealand's jobless rate fell to a record in the third quarter as fewer people looked for work, increasing the prospects the central bank won't cut interest rates until at least July. The jobless rate dropped to 3.5 percent ...
    2007-11-07 03:22:00
  • Dollar Trades Near Record Low Before ECB, BOE Rate Meetings

    Bloomberg - Nov. 8 (Bloomberg) -- The dollar traded near a record low versus the euro and the weakest since 1981 against the pound on speculation European central banks may signal higher interest rates while expectations rise for lower U.S. borrowing costs. The ...
    2007-11-07 02:17:00
  • Fed Officials Reinforce Message of Reluctance on More Rate Cuts

    Bloomberg - Nov. 7 (Bloomberg) -- Federal Reserve officials underscored their reluctance to lower interest rates further, while suggesting record oil prices and the weaker dollar aren't enough of an inflation threat to require higher rates. Fed Governor Kevin ...
    2007-11-07 01:56:00
  • More US interest rate cuts mooted

    News.com.au - ST LOUIS Federal Reserve President William Poole said overnight further interest rate cuts might be needed in the US if problems in the housing market spread further, but said the US Fed needs to guard against stoking inflation. Mr Poole said the ...
    2007-11-07 03:00:00
  • Commercial property not concerned by interest rate hike (Queensland Business Review)

    Downward pressure will remain on commercial property yields, despite today’s interest rate hike.
    2007-11-06 08:43:44
  • BI holds interest rate amid inflation concerns (The Jakarta Post)

    Bank Indonesia kept its benchmark interest rate at 8.25 percent for the fourth consecutive month Tuesday amid growing concern over the impact of high oil prices on the economy.
    2007-11-06 09:19:19