Mortgage and Financial News From 2008-2-4 Page 10

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  • KC area law firms find ways to weather the subprime mortgage storm (The Kansas City Star)

    The subprime mortgage debacle and resulting credit crunch have slammed the U.S. economy, and the legal world is gearing up to deal with the fallout.
    2008-02-04 08:32:41

  • Bush's proposed budget offers dollars for housing problems (Dayton Daily News)

    President Bush's fiscal year 2009 budget would inject a shot of cash into the foreclosure crisis, providing federal dollars to housing counseling programs and new mortgage products for at-risk borrowers.
    2008-02-04 08:50:13

  • RBA unleashes further pain on homebuyers (Thursday Magnet)

    The Reserve Bank of Australia (RBA) has raised its official interest rate by a quarter of a percentage point, inflicting more pain on homebuyers struggling with their mortgage repayments.
    2008-02-04 09:10:19

  • Lenders cap home equity loans (The Florida Times-Union)

    Northeast Florida homeowners applying for home equity loans - also known as second mortgages - are finding the cup isn't as full as it was during the real estate boom.
    2008-02-04 09:22:51

  • Australian dollar nears US91c

    News.com.au - THE Australian dollar opened stronger today, knocking on the door of 91 US cents as expectations firmed for another interest rate rise this afternoon. At 7am AEDT, the dollar was trading at $US0.9093/97, up from yesterday's close of 0.9047/52. During ...
    2008-02-04 05:04:00

  • Ten-Year Treasuries Decline as Rate Cuts Erode Demand for Debt

    Bloomberg - Feb. 4 (Bloomberg) -- Treasury notes maturing in five years or more fell for the first time in four days on concern that the Federal Reserve's determination to drive interest rates lower will revive growth and cause inflation to accelerate. Traders ...
    2008-02-04 01:29:00

  • N.Z. Dollar Drops Against Australian Currency on Rate Outlook

    Bloomberg - Feb. 5 (Bloomberg) -- New Zealand's dollar slipped to its lowest in more than a week against Australia's currency as the prospect of an interest-rate rise in Sydney today reduces the relative appeal of the currency known as the kiwi. There is an 86 ...
    2008-02-04 12:53:00

  • Romania Boosts Key Interest Rate To Curb Inflation

    Wall Street Journal - Romania's central bank raised its main interest rate by one percentage point to 9% in an effort to curb inflation and bolster a sagging currency. The National Bank of Romania officials earlier had publicized their intention to tighten monetary policy ...
    2008-02-04 02:33:00

  • Australian Dollar Trades Near 3-Month High Before Rate Decision

    Bloomberg - The Aussie has advanced 1.5 percent versus the U.S. dollar this month as the odds of the RBA raising borrowing costs to 7 percent rose to 86 percent, according to an index calculated by Credit Suisse Group, based on trading in interest-rate swaps ...
    2008-02-04 02:40:00

  • Kiss your money goodbye

    News.com.au - Reserve Bank raises interest rates to 7 per cent This is highest rates have been in nearly 12 years In-depth: Interest rate special section THE central bank has raised official interest rates, as expected, following its board meeting today and ...
    2008-02-04 08:31:00

  • Australia's central bank raises rates to 7 percent; highest level ...

    MSN UK News - Australia's central bank on Tuesday raised the official cash interest rate by 25 basis points to 7 percent, its highest since 1996. The bank said its reasons for the raise included significant inflation pressures on the Australian economy. The rise ...
    2008-02-04 07:34:00

  • Indonesia May Keep Key Rate Unchanged After Inflation Quickens

    Bloomberg - Feb. 5 (Bloomberg) -- Indonesia's central bank will probably keep its benchmark interest rate unchanged for a second month after raising its inflation target for 2008. Governor Burhanuddin Abdullah and his colleagues will maintain the rate used as a ...
    2008-02-04 03:09:00

  • Rate rise probably won't be the last

    News.com.au - TODAY'S interest rate hike is unlikely to be the last, with the Reserve Bank concerned about the strength of consumer spending, economists say. The RBA today raised the official cash rate by 25 basis points to an 11-year high of 7.00 per cent. "They ...
    2008-02-04 07:55:00

  • Rate rise: One's not enough

    News.com.au - THE near-certain interest rate rise to be delivered today by the Reserve Bank is being forecast by the financial markets as being too small to stem the growing problem of inflation. Futures market trading has priced an 86 per cent likelihood that the ...
    2008-02-04 07:55:00

  • Interest rate hike will hurt business, says ACCI

    News.com.au - ANOTHER interest rate hike today will hurt business, but rising wages are also taking a toll, a key industry lobby group says. The Reserve Bank of Australia is expected to lift interest rates by a quarter of 1 per cent today to an 11-year high. The ...
    2008-02-04 05:54:00

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