Mortgage and Financial News From 2007-9-28 Page 01

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  • Bristol-Myers Squibb to settle probes

    Denver Post - ... its best price for the anti-depression drug Serzone, violating a law that requires drug companies to report their lowest ... for an assortment of oncology and generic drugs knowing that federal health care programs established reimbursement rates ...
    2007-09-27 05:53:00
  • U.S. Treasuries Post Biggest Quarterly Return in Five Years

    Bloomberg - ... return in five years on speculation the Federal Reserve will cut interest rates at ... was triggered by a sudden surge in corporate borrowing costs tied to U.S. mortgage ... August for the first time in four years and sales of new homes fell to the lowest ...
    2007-09-28 05:13:00
  • Canadian dollar above par despite weak GDP, stocks poised for lower ...

    Edmonton Sun - RATES ... major shakeup in August, when rising defaults in the U.S. subprime mortgage sector ... cent to a seasonally adjusted annual rate of 795,000 units in August, the lowest ...
    2007-09-28 05:35:00
  • Consumer spending up in August, prices tame

    USA Today - ... in order to keep an expected slowdown stemming from U.S. mortgage market problems from threatening the economy. The low inflation figure should give policymakers some room to cut rates ... time by 1.5%, to hit an annual rate of $522 billion, the lowest ...
    2007-09-28 03:29:00
  • Pound Trades Near 2 1/2-Year Low as Northern Rock Borrows More

    Bloomberg - Sept. 28 (Bloomberg) -- The pound traded near the lowest in more than 2 1/2 years ... greater chance than a month ago that the Bank of England will cut interest rates ... U.K. bonds also advanced this quarter as the fallout from U.S. subprime mortgage ...
    2007-09-28 08:12:00
  • Consumers Keep Spending While Inflation Eases

    CNBC - ... inflation in check and leaves the door open for the Fed to cut interest rates ... from U.S. mortgage market problems that threaten to brake the broader economy. For the ... lowest level in almost a year as a credit crunch late in the summer hurt the city's ...
    2007-09-28 10:07:00
  • Housing Slide Yet to Hit Bottom

    ABC News - ... came in a government report Thursday that new-home sales in August hit their lowest ... Yet, many would-be buyers are having a harder time qualifying for a mortgage. The ... And rates for "jumbo" loans -- those above $417,000 -- are hovering near 8%. From ...
    2007-09-28 09:59:00
  • TREASURIES-Bonds climb on quarter-end buying, lower stocks

    Reuters - Treasury debt prices rose on Friday, with benchmark yields reaching their lowest ... should give the Federal Reserve additional room to continue to cut interest rates ... credit liquidity is still tight due to problems that began in the subprime mortgage ...
    2007-09-28 12:15:00
  • More rate cuts?

    Marketwatch - ... the ISM's non-manufacturing index, the ADP employment report and weekly mortgage data ... The Fed cut rates by 50 basis points to allow it to stay on the sidelines through ... Earnings growth of 3.9% would be the lowest in five years, said John Butters ...
    2007-09-28 09:48:00
  • 30-Year Rates Increase

    The Ledger - ... had dipped to 6.31 percent, the lowest level since May 17. That decline reflected a flight to safety after the turbulence in credit markets, which had increased demand for Treasury securities. Those securities heavily influence mortgage rates. Rates ...
    2007-09-28 02:57:00
  • Fed looks to stem crisis

    Lansing State Journal - WASHINGTON - Rates on 30-year mortgages, after dropping to their lowest point in four months, edged up this week. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.34 percent this week, up slightly ...
    2007-09-28 10:24:00
  • Taiwan's Central Bank May Raise Rates, Perng Says (Update2)

    Bloomberg - The island's benchmark rate is the second lowest in Asia after Japan's, resulting in a record exodus of ... Economists are divided on whether the central bank will raise rates again, as the U.S. subprime-mortgage rout threatens to damp growth in ...
    2007-09-28 09:41:00
  • South Africa: Falling Factory Inflation Brightens Rates Outlook (AllAfrica.com)

    PRODUCER inflation subsided to an annual rate of 9,4% last month, the lowest increase since December, and extending a slowdown that may encourage the Reserve Bank to hold interest rates steady next month.
    2007-09-28 04:50:35
  • 30-year mortgage rates heading higher again (Sun-Sentinel)

    Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low.
    2007-09-28 08:05:42
  • Nationwide joins rush to raise mortgage rates (Evening Standard)

    Key mortgage rates will go up from Tuesday, the biggest building society said yesterday.
    2007-09-28 05:05:15