Mortgage and Financial News From 2007-9-28 Page 17

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  • Wall Street rises ahead of report on new home sales

    Salt Lake Tribune - Posted: 8:08 AM- NEW YORK - Wall Street rose modestly Thursday as investors speculated that reports signaling economic weakness will give the Federal Reserve more reasons to cut interest rates. The Commerce Department is expected to report that sales ...
    2007-09-27 04:34:00

  • NZ economy records 0.7pc growth in June quarter

    New Zealand Herald - The stronger-than-expected growth means the Reserve Bank is likely to hold interest rates high for longer. Adding to pressure was an upward revision to March quarter growth - from the initially reported 1.0 per cent to 1.2 per cent. That means GDP for ...
    2007-09-27 08:31:00

  • Turnbull takes over at Erinaceous

    Financial Times - Nigel Turnbull, chairman of Erinaceous Group , has taken executive control of the troubled property services company after it fell into losses, passed its interim dividend and was forced to agree sharply higher interest rates with its banks after it ...
    2007-09-27 02:15:00

  • US GDP growth solid ahead of credit turmoil

    DAWN Group - The Federal Reserve last week cut key interest rates by half a percentage point, saying the downside risks to the economy have increased. Brian Bethune, economist at the research firm Global Insight, said the GDP report indicates that “economic ...
    2007-09-27 09:42:00

  • House sales in Spain fall 10%

    Times Online - The general slowdown in house sales reflects falling demand that has caused prices to grow this year at a slower pace than the international average, as higher interest rates and high prices have taken the shine off Spain’s real estate sector. ...
    2007-09-27 10:51:00

  • US stocks extend gains

    star.com.my - ... advance as investors weighed fresh economic data, including a sharp drop in new home sales, for clues to whether more interest ... others issued this week that suggested the economy remains sluggish, which could persuade policymakers to lower rates ...
    2007-09-28 12:05:00

  • US dollar slides to new low against euro

    The Australian - We still suspect that the (ECB) will err on the side of caution with regard to inflationary risks, and increase interest rates again in November," said Jennifer McKeown at Capital Economics. In late New York trade, the dollar stood at 1.1732 Swiss ...
    2007-09-28 12:41:00

  • Job market resilient as home sales drag

    Ottawa Citizen - The bleak home sales figures rattled investors, but stocks still traded slightly up at mid-morning while bond prices were mostly higher on renewed hopes the Federal Reserve will cut interest rates further to add economic stimulus. A third report from ...
    2007-09-28 01:31:00

  • Hotel Lawyer in Phoenix. State of the Lodging Industry: Is the party over? Or is this just the intermission? | By Jim ... (Hospitality Net)

    Hotel Lawyer at the Phoenix Lodging Conference. Morris Lasky's Phoenix Lodging Conference is always one of my favorite hotel gatherings each year, and last night the 13th edition of this event got underway with more than 1,400 people registered -- up from 1,200 last year.
    2007-09-28 01:37:01

  • How to make it better (Times Online Sunday)

    Why waste money moving? Follow our top 20 tips for improving your home AS IF the panic about Northern Rock, interest rates and rising prices wasn’t enough, a report by the Halifax indicates that it costs an average of £4,700 to move house in England and Wales – and a thumping £12,700 in London.
    2007-09-27 02:07:18

  • When central banks play with fire

    Asia Times - ... borrower be helped by the cut in interest rates? Will his or her adjustable-rate mortgage that is ... Importantly, because of significant current-account and ...
    2007-09-28 03:26:00

  • Housing mess: Many buyers didn't beware

    Orlando Sentinel - When it comes to the fallout from the nation's widespread mortgage debacle and a housing market ... Among other criteria, homeowners had to be current on their payments for six months before their interest rates rose and cannot be delinquent for more than ...
    2007-09-28 02:43:00

  • Give home buyers true mortgage info

    Citizen's Voice - Mortgage regulation is tough policy because it is one of those big picture issues ... That's part of the reason that home ownership rates are higher here than in most ... reviews and recommended reforms in order to keep consumer protection current.
    2007-09-27 11:51:00

  • U.K. House Prices Rise at Fastest Pace Since June (Update1)

    Bloomberg - ... September, up from a 0.6 percent gain in August, to an average 184,723 pounds ($372,309), the U.K.'s fourth-largest mortgage ... Policy makers will keep the rate unchanged at the current 5.75 percent on Oct. 4, according to the median forecast of 30 ...
    2007-09-27 01:04:00

  • Greenspan sees recession chances less than 50/50

    CNBC - It's the consequence of ... a dramatic decline in real interest rates. It's really not something which central banks any longer have control over." On the current financial market turmoil sparked by a collapse in the risky U.S. mortgage sector ...
    2007-09-28 01:53:00

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