Mortgage and Financial News From 2007-10-3
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AP Business NewsBrief at 7:56 a.m. EDT
CNBC - NEW YORK (AP) _ U.S. stock futures dipped on Wednesday as investors awaited a report on the health of the nation's service economy. Any weakness in service sector growth could support the case for further interest rate cuts from the Federal Reserve ...
2007-10-03 04:53:00 -
European equities edge lower
MSN MoneyCentral - European shares edged down on Wednesday as banks extended their gains but investors cautious ahead of interest rate decisions and key US data later in the week. In mid-morning trade the FTSEurofirst 3000 edged 0.1 per cent lower to 1567.11 while the ...
2007-10-03 04:10:00 -
Japanese govt bonds close mixed after stocks rally, ahead of ECB rate ...
Forbes - The market consensus is that the ECB will keep its interest rate at the current level for a while, so the focus will be on THE remarks from its chief at the press conference,' she said. The US will announce its September employment report Friday amid ...
2007-10-03 01:25:00 -
Treasuries Rise Before Services Industry Report, on Rate Views
Bloomberg - Treasuries ``are still a bit expensive,'' said Takashi Yamamoto, who trades interest-rate futures contracts at Mitsubishi UFJ Trust & Banking in Singapore. ``If we borrow in the money market to invest in U.S. Treasuries, we have to pay ...
2007-10-03 03:48:00 -
Weekly mortgage application volume drops 2.7 percent despite lower ...
CNBC - Refinance volume accounted for 46 percent of applications during the week ending Sept. 28, down from 46.4 percent the previous week. The average interest rate for traditional, 30-year fixed-rate mortgages fell to 6.32 percent from 6.38 percent the ...
2007-10-03 04:17:00 -
Three-Month Euro Libor Rate Stays at Six-Year High (Update1)
Bloomberg - Libor rates confirm that tensions in the money markets have yet to recede,'' said Charles Diebel, head of European interest-rate strategy at Nomura International Plc in London. To contact the reporter on this story: Gavin Finch in London ...
2007-10-03 04:39:00 -
Stock Futures Edge Lower on Rate Debate
Forbes - U.S. stock futures dipped on Wednesday as investors awaited a report on the health of the nation's service economy. Any weakness in service sector growth could support the case for further interest rate cuts from the Federal Reserve. The Institute ...
2007-10-03 04:53:00 -
Indonesia economics minister says another rate cut this year possible
Forbes - JAKARTA (Thomson Financial) - Bank Indonesia still has room to cut its benchmark interest rate one more time this year because the year-end inflation target is still reachable despite a recent rise in prices, Coordinating Minister for Economic ...
2007-10-03 03:20:00 -
US Home Loan Demand Falls Despite Interest Rate Dip
CNBC - U.S. mortgage applications fell for a second straight week, largely reflecting a drop in demand for home refinancing loans, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications ...
2007-10-03 04:03:00 -
Home loan demand falls despite interest rate dip
Reuters - NEW YORK (Reuters) - U.S. mortgage applications fell for a second straight week, largely reflecting a drop in demand for home refinancing loans, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index ...
2007-10-03 04:03:00 -
Consumer spending pressures interest rates (Sydney Morning Herald)
The Reserve Bank kept interest rates unchanged, but another rate rise is growing increasingly likely with no sign consumer spending has eased.
2007-10-03 12:12:23 -
Retailers support 'sensible' interest rate hold by RBA (Queensland Business Review)
The Reserve Bank of Australia's decision to leave interest rates unchanged at 6.5 percent is being welcomed by industry, according to Margy Osmond, CEO of the Australian National Retailers Association.
2007-10-02 06:44:23 -
Australia's Central Bank Keeps Rate Unchanged at 6.5% (Update1) (Bloomberg.com)
Oct. 3 (Bloomberg) -- Australia's central bank kept its interest rate unchanged for a second month to provide time for policy makers to assess whether global financial-market turmoil will slow economic growth.
2007-10-02 05:17:39 -
Mortgage demand falls despite interest rate dip (USA Today)
Mortgage applications fell for a second week, largely reflecting a drop in demand for home refinancing, an industry group said Wednesday.
2007-10-03 05:08:13 -
Home loan demand falls despite interest rate dip (Reuters via Yahoo! News)
U.S. mortgage applications fell for a second straight week, largely reflecting a drop in demand for home refinancing loans, an industry group said on Wednesday.
2007-10-03 04:03:44