Mortgage and Financial News From 2008-3-7 Page 2

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  • U.S. Stocks Drop, Led by Banks, as Foreclosures Climb to Record

    Bloomberg - The spread helps determine the interest rate homeowners pay on new prime mortgages of $417,000 or less. A basis point is 0.01 percentage point.
    2008-03-06 10:50:00

  • CanEquity Mortgage Lowers Short Term Fixed Rates Up to 125 Basis ...

    Market Wire - CALGARY, ALBERTA--(Marketwire - March 6, 2008) - During the first week of March, CanEquity Mortgage ( www.canequity.com ) has continued to reduce their short-term mortgage interest rates to reflect the drop in prime rate. CanEquity is a nationally ...
    2008-03-06 09:53:00

  • European Central Bank Holds Interest Rates; Trichet Cites Inflation ...

    RTT News - Meanwhile, the central bank chief maintained that controlling inflation remained the apex bank's prime focus. In the meeting held at Frankfurt, the European Central Bank, or ECB, maintained its key interest rate, the minimum bid rate on the main ...
    2008-03-06 07:16:00

  • St George mulls 40bp interest rate hike

    News.com.au - St George mulls 40bp interest rate hike ... It repeated that it had no exposures to US or domestic sub-prime lending, collateralised debt obligations or hedge funds.
    2008-03-05 08:03:00

  • Time to refinance?

    CNN Money - Remember, interest rates don't automatically go down when the Fed cuts the prime rate. Instead, interest rates respond to overall market sentiment.
    2008-03-06 10:58:00

  • Medvedev sees mandate in Russian interest

    NDTV - Medvedev sees mandate in Russian interest Rate the Story ... In his role as deputy Prime Minister, Medvedev has overseen large-scale social ...
    2008-03-07 09:48:00

  • Westpac lifts home loan interest rates by 0.30pc

    News.com.au - We are extremely mindful of the impact of interest rate increases on our customers,'' he said. ... The price over the cash rate that Westpac is paying has more than doubled since the US sub-prime crisis unfolded.
    2008-03-07 05:52:00

  • NAB warns of more rate hikes

    News.com.au - ... NAB yesterday announced a 29-basis-point hike in its variable home loan rate to ... Prime Minister Kevin Rudd urged banks earlier this week to show restraint on ... Will one night of passion get him out of ... 8. Midweek meltdown 9. Interest rate peak? 10. ...
    2008-03-06 12:45:00

  • Billions lent in Australian sub-prime deals

    News.com.au - Billions lent without basic credit checks Risks creating a sub-prime climate at home Stock market down 25pc ... Credit woes: Banks seize Coe's stake in Allco Interest rates: NAB warns of more rate hikes Share dive: Market punishes ABC's US deal
    2008-03-07 05:01:00

  • UPI NewsTrack TopNews (UPI)

    News from United Press International, around the world around the clock ...
    2008-03-07 07:10:34

  • UPI NewsTrack TopNews (Moldova.org)

    Bush: Stimulus plan will spur slow economyWASHINGTON, March 7 (UPI) -- U.S. President George W. Bush, acknowledging the U.S. economy is in a difficult time, said Friday he expected the economy to prosper in the long run.It appears our economy has slowed, Bush said in a statement, but provisions of an economic stimulus package signed into law three weeks ago are just starting to kick in.The ...
    2008-03-07 07:11:41

  • Another month of job losses convince more of recession (The Press-Enterprise)

    U.S. employers slashed jobs in February for the second month in a row, fueling fears that the economy is already in a recession. The U.S. Department of Labor reported Friday that 63,000 jobs were lost last month, the worst month in five years.
    2008-03-07 07:25:09

  • Japan Nominates Central Bank Chief (NYTimes.com via Yahoo! Finance)

    The government picked Toshiro Muto, a former finance bureaucrat, to lead the Bank of Japan, but legislative approval could be testy amid a broader parliamentary faceoff with the opposition.
    2008-03-07 07:40:03

  • The downtown redevelopment baron who went bust (The Florida Times-Union)

    "FOR US, THIS IS NO RISK."
    2008-03-07 08:51:47

  • Nominee Chosen for Chief’s Post at Bank of Japan (NYTimes.com via Yahoo! Finance)

    Toshiro Muto, a deputy governor of the country’s central bank, was picked to succeed the current governor, whose five-year term ends on March 19.
    2008-03-07 10:39:32

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