Mortgage and Financial News From 2008-1-30 Page 53

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  • Market rises as rate cut boosts hopes for growth (KPLC Lake Charles)

    By Ellis Mnyandu NEW YORK (Reuters) - Stocks rose on Wednesday as the Federal Reserve's decision to slash interest rates by a half-percentage point boosted hopes of a revival in...
    2008-01-30 12:19:15

  • U.S. economy still ticking, just barely (The Christian Science Monitor)

    GDP rose by only 0.6 percent last quarter, the slowest rate in one year.
    2008-01-30 12:19:19

  • The Federal Reserve policymakers who hold power over your pocketbook (Minneapolis-St. Paul Star Tribune)

    WASHINGTON - The men and women who hold considerable sway over your money sit on the Federal Open Market Committee, whose interest-rate decisions ripple through the economy.
    2008-01-30 12:19:19

  • Fed cuts key U.S. interest rate for second time in eight days (Canadian Business)

    Martin Crutsinger, The Associated Press January 30, 2008 - 3:11 p.m. WASHINGTON - The Federal Reserve on Wednesday cut its key interest rate for the second time in just over a week, reducing the federal funds rate by a half percentage point.
    2008-01-30 12:20:39

  • Fed Slashes Rates Again (TheStreet.com)

    The 50-basis-point cut puts the fed funds rate at 3%, its lowest level since 2005.
    2008-01-30 12:21:06

  • Gov't To Rate Car Seats On Ease Of Use (NBC 5 Chicago)

    Seven in 10 safety seats are used wrong, the government says, and it wants to help people find simpler solutions.
    2008-01-30 12:21:46

  • Fed cuts a key interest rate (Bradenton Herald)

    WASHINGTON - The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible.
    2008-01-30 12:21:48

  • Gold spikes on Fed decision (Sharewatch)

    NEW YORK (AP) - Gold prices soared Wednesday after the Federal Reserve slashed its key interest rate -- a potentially inflationary move that boosted the metal's appeal as a stable investment.
    2008-01-30 12:21:53

  • Fed Cuts Key Interest Rate By Half Point (WCCO Minneapolis/St. Paul)

    The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point to 3 percent. It signaled that further rate cuts were possible.
    2008-01-30 12:22:26

  • Create an emergency savings plan

    Daily Breeze - Compare interest rates, yields, the cost to purchase and maintain the investment, and the minimum investment required to get you ... Work on refinancing your mortgage and your car loan. Granted, this is going to be more difficult, because the bank ...
    2008-01-28 03:53:00

  • Is this the Breaking of the Bear?

    Safe Haven - ... so, Bear Stearn's excessive reliance on highly "modeled" and real asset/mortgage ... Now, if I compare this to some of Bear's key competitors, the average increase ... given a 20% down payment and a 30-year fixed rate loan at prevailing rates. Prices ...
    2008-01-30 07:37:00

  • Ottawa housing prices score well in survey

    Ottawa Citizen - A recent RBC affordability study forecast that a softer market in Ottawa along with relief on mortgage rates will mean improved affordability. To compare housing affordability for cities in Australia, U.S., and Canada, go to www.fcpp.org/main/citycal ...
    2008-01-29 11:30:00

  • European stocks drop ahead of Fed

    International Herald Tribune - ... in write-downs lifted the total cost of its exposure to the U.S. subprime mortgage ... The price to book ratio is used to compare a stock's market value with its book ... 20 primary dealers polled by Reuters forecast the Fed would cut benchmark rates ...
    2008-01-30 02:08:00

  • Advanta Reports Earnings for 2007

    Forbes - These net credit loss rates compare to the 2006 rates of 3.41% and 3.19%, respectively. "Our decision to focus exclusively on ... from continuing operations 77,662 (6,634) 71,028 Gain on discontinuance of mortgage ...
    2008-01-30 04:38:00

  • Bank of England Governor Mervyn King Reappointed (Update4)

    Bloomberg - ... growth is showing signs of slowing after contagion from the U.S. subprime mortgage ... of the Exchequer Alistair Darling says the Bank of England has room to cut rates ... funds in September, prompting former policy maker Richard Lambert to compare ...
    2008-01-30 04:38:00

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