Mortgage and Financial News From 2007-9-26 Page 10

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• CORRECT: Norges Bank Raises Key Interest Rate

  FXStreet.com - Norway's central bank Wednesday continued its tightening cycle, raising its key interest rate 25 basis points to 5% despite moves elsewhere to cut rates to combat recent turmoil in global markets. ("Norges Bank Raises Key Interest Line 25 BPs to 5 ...
  2007-09-26 07:24:00

• Sarah Abdullah, Arab News

  Arab News - The rumors were triggered when Saudi Arabia refused to cut interest rates following the US Federal Reserve’s decision. But for Saudi Arabia and other GCC states, holding on to the dollar peg has become a cause for concern across the Middle East with ...
  2007-09-26 04:07:00

• Parents, How Are You Investing in Your Children?: How to Set-Up a ...

  Forbes - In addition to the various education savings accounts, parents should consider opening a high-yield savings or CD account while their child is still young. Not only do these types of investments frequently come with higher interest rates, but given ...
  2007-09-26 03:53:00

• Wheat prices surge to new high

  Boston Globe - Silver for December delivery lost 7.5 cents to close at $13.545 an ounce. The dollar made a slight recovery versus the euro. The gap between the euro and greenback has widened in recent weeks as lower interest rates and poor economic data in the U.S ...
  2007-09-26 04:07:00

• SAMA Sparks a Fire (Zawya)

  26 September 2007 Markets react to SAMA's silence. UAE cuts CD rates for the second time, but speculation on the currency increases. A move by Saudi may trigger a multilateral move.
  2007-09-25 10:58:56

• UAE central bank cuts rates to cool currency market (Zawya)

  Dubai: Faced with heavy speculative buying of the dirham by banks, the UAE central bank lowered interest on three-month certificates of deposit (CD) by 10 basis points (one tenth of a per cent) yesterday.
  2007-09-25 10:27:58

• Make the Most of Falling Interest Rates (The Motley Fool)

  Act now to lock in some relatively high CD rates.
  2007-09-26 08:14:23

• UPDATE 2-BoE says no one wanted 3-month loan

  Reuters - ... minimum interest rate of 6.75 percent, nearly half a point above the current ... the kind of crisis that engulfed Northern Rock this month -- the mortgage lender ... encourage some financial institutions to take this money, even at penal rates ...
  2007-09-26 11:35:00

• Business Minute: Stocks rising....Durable goods down...GM strike over

  WDAM-TV - This Week in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money ... LONDON (AP) - Shares in troubled British mortgage lender Northern Rock have risen today on word that it is in preliminary ...
  2007-09-26 06:13:00

• AUCTION: 700 Metro Area Homes on Block

  WXYZ - As these loans began to reset at higher rates, borrowers could not pay the bigger mortgage, leading to the current tidal wave of foreclosures moving across the country. Hudson & Marshall, the country's largest foreclosed real estate auction firm ...
  2007-09-26 01:58:00

• China rates a cut above the US

  Asia Times - China rates a cut above the US By Zhou Jiangong ... spreading credit crunch due to the subprime-mortgage ... the "original sin" of all of the current economic ...
  2007-09-26 04:36:00

• Halifax to Implement Omniture TouchClarity for Behavioral Targeting

  MSN MoneyCentral - OMTR) in order to increase sales and conversion rates for online products and marketing campaigns. Halifax is the UK's largest savings provider and mortgage lender, and is the leading provider of many financial products ranging from current ...
  2007-09-26 08:57:00

• Japanese Yen, Indian Rupee, Thai Baht: Asian Currency Preview

  Bloomberg - The central bank may raise interest rates on mortgage loans this week to curb rising home ... The rate for a five-year mortgage loan could reach as high as 8.61 percent, compared with the current lending rate of 7.83 percent, the newspaper said.
  2007-09-26 02:55:00

• US House panel approves bill providing tax relief to mortgage holders ...

  Forbes - Under current law, cancelled mortgage debt on primary residences counts as taxable income, which means decisions by ... borrowers, many of whom are struggling to repay their mortgages, because of variable rates that have begun to rise. Rising mortgage ...
  2007-09-26 10:16:00

• Mortgage lender IndyMac expects to ride out industry storm and return ...

  CNBC - The nation's No. 2 independent home-mortgage lender, after Countrywide Financial ... Ramirez rates the stock at "underperform." IndyMac shares, which have dropped half ... During the current credit-market turmoil, investors _ worried about potential ...
  2007-09-26 02:41:00

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