Mortgage and Financial News From 2007-12-13 Page 21
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Mortgage rates rise despite Fed cut (Bankrate.com via Yahoo! Finance)
Mortgage rates went up this week, despite the Federal Reserve's decision to reduce short-term interest rates.
2007-12-13 03:00:00 -
Lehman Beats Estimates After Limiting Mortgage Losses (Update1) (Bloomberg.com)
Dec. 13 (Bloomberg) -- Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, reported a smaller profit decline than analysts estimated after limiting losses from the collapse of the subprime market.
2007-12-13 05:58:20 -
Dollar Awaits Retail Sales - Will US Consumer Crumble?
DailyFx - ... Volatile As Markets Adjust to FOMC - Which Way Next? Dec 11 - Euro Hurt by Lowest ... of Japan Deputy Governor Kazumasa Iwata said the effect of the U.S. subprime mortgage ... rendered its rate decision today meeting market expectations by keeping rates ...
2007-12-13 03:40:00 -
Strong Demand for Rental Apartments in Halifax
CNW Group - ... Dec. 13 /CNW Telbec/ - Results of Canada Mortgage and Housing Corporation's 2007 Rental Market Survey, which was conducted during the first two weeks of October, indicated that vacancy rates in ... while New Glasgow established the lowest average ...
2007-12-13 05:13:00 -
House sales tumble to worst level in eight years
Times Online - Confidence among surveyors over the outlook for prices reached its lowest level ... worsening affordability because of interest-rate rises and a tightening of mortgage ... salary so that people could just about afford the repayments when interest rates ...
2007-12-13 02:43:00 -
Yen tumbles as investors resume carry trade
International Herald Tribune - ... with low borrowing costs and buy assets where rates ... of Japan's benchmark rate is 0.5 percent, the lowest among industrialized nations, compared with 8.25 percent in New Zealand and 6.75 percent in Australia.
2007-12-13 03:04:00 -
SNB Leaves Rate Unchanged for First Time in Two Years (Update3)
Bloomberg - Zurich-based UBS said Dec. 10 it will write down U.S. subprime mortgage ... Swiss borrowing costs are still among the lowest in the world after Japan's 0.5 percent main lending rate. ``Their interest rates are still very low,'' said ...
2007-12-13 04:52:00 -
Swiss Re's Subprime Trap Cuts Profit; Munich Re Gains (Update1)
Bloomberg - ... on credit default swaps it sold to protect a client against losses on mortgage-backed ... Insurance Index this year, and trades at 6.6 times estimated earnings, the lowest ... Hurricane Katrina caused record insurance claims and triggered a surge in rates ...
2007-12-13 05:28:00 -
HSBC and rivals cut rates for Hong Kong lending
International Herald Tribune - ... HSBC and four major rivals cut their Hong Kong lending rates Wednesday for the fourth time this year, spurring demand for credit in a city where the value of new mortgage loans is ... The cut by HSBC will bring its so-called best rate to the lowest since ...
2007-12-12 03:44:00 -
BOJ's Iwata Says Subprime Effect on Japan `Spreading' (Update1)
Bloomberg - ... of Japan Deputy Governor Kazumasa Iwata said the effect of the U.S. subprime mortgage ... Iwata also commented on currencies, saying foreign-exchange rates have been ``more ... Japan's 0.5 percent key rate is the lowest among major economies. To ...
2007-12-12 11:58:00 -
Vacancy rates decline in most provincial centres
CNW Group - Vacancy rates decline in most provincial centres MONCTON, NB, Dec. 13 /CNW/ - According to the Rental Market Survey released today by Canada Mortgage and Housing Corporation (CMHC), the ... The lowest vacancy rate in the province -- 1.2 per cent ...
2007-12-13 05:06:00 -
Logan to lower parking rates for late December
Boston Globe - The Massachusetts Port Authority, which runs Logan, will charge economy lot parking rates for the ... number of shares it will sell to shore up its finances in the face of ongoing turmoil in the mortgage and credit markets, sending shares to their lowest ...
2007-12-12 06:43:00 -
U.K. Inflation Expectations Reach Eight-Year High (Update2)
Bloomberg - ... rates to control inflation,'' the lowest reading since May 2000. The survey was the first the bank has conducted since it opened an emergency line of credit to Northern Rock Plc in September, leading to a run on the mortgage ... rates and mortgage ...
2007-12-13 04:09:00 -
HBOS Writes Down Assets, Says Retail Profit to Drop (Update5)
Bloomberg - ... Director Phil Hodkinson told analysts on a conference call that increased funding costs are offsetting higher rates on mortgage ... The result was the lowest since the group first recorded the outlook for future property values in 1998. A gauge of ...
2007-12-13 05:20:00 -
Yen Climbs From One-Month Low Against Dollar on Credit Losses
Bloomberg - Dec. 13 (Bloomberg) -- The yen rose from the lowest in a month against the dollar ... Interest rates on loans in euros stayed at a seven-year high, a day after global ... of Japan Deputy Governor Kazumasa Iwata today said the impact of subprime-mortgage ...
2007-12-13 05:20:00