Mortgage and Financial News From 2008-7-14 Page 9
Previous Day: 2008-07-13
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ABS says home lending down in May - News.com.au
HIGHER interest rates are continuing to weigh on the minds of potential borrowers and fewer people are taking out loans. Official interest rates are at a 12-year high of 7.25 per cent, but some banks in recent months have also lifted rates ...
2008-07-13 07:40:00 -
Now, NAB hikes rates to 9.61pc - News.com.au
NATIONAL Australia Bank's home loan customers can also expect to pay higher mortgage repayments after the bank announced a 0.15 per cent rate hike to 9.61 per cent. NAB said the rate hike reflected '' the sustained increases to long-term wholesale ...
2008-07-13 09:20:00 -
Borrowers beware loans that are more expensive than they seem - Daily Telegraph
If it is not already tough enough to get a mortgage, borrowers are being warned to be on their guard for headline-grabbing deals that carry a sting in the tail. There was no rate relief earlier this week, with interest rates being kept on hold for ...
2008-07-14 07:14:00 -
Why must interest rates be increased? (Bangkok Post - Thailand's English news)
'The Bank of Thailand needs to raise interest rates in a timely manner otherwise expectations about future price increases would become self-fulfilling, causing inflation to be entrenched at a high level.'' Or...
2008-07-13 05:59:20 -
More worries, fewer loans (Adelaide Now)
HIGHER interest rates are continuing to weigh on the minds of potential borrowers and fewer people are taking out loans, with lending finance at a 16-year low.
2008-07-13 07:35:00 -
NAB hikes rates to 9.61pc (Adelaide Now)
NATIONAL Australia Bank's home loan customers will also shell out more in mortgage repayments after the bank announced it was raising rates to 9.61 per cent.
2008-07-13 09:15:00 -
Commercial executives encourage private insurers to provide more (BizJournals)
Commercial property owners in Florida still have nowhere to go to buy all their insurance needs in one policy. Policies covering wind damage still must be purchased separately from underlying liability policies because insurers are too skittish to package them all together, particularly in catastrophe-prone states such as Florida.
2008-07-13 09:35:07 -
How to Get a Mortgage in Today's Market (Carteret County News-Times)
(ARA) - Whether you're buying your first home or looking for a larger home, now may be the time to act. Not only do interest rates remain relatively low, in many markets you can get much more house for your money than you could just a few years ago.
2008-07-14 02:32:30 -
INTERVEST BANCSHARES CORPORATION Reports 2008 Second Quarter Earnings of $1.8 Million (Business Wire via Yahoo! Finance)
NEW YORK----Intervest Bancshares Corporation today reported net earnings for the second quarter of 2008 of $1.8 million, or $0.22 per diluted share, compared to $5.4 million, or $0.63 per diluted share, for the second quarter of 2007 .
2008-07-14 07:49:00 -
For sale signs don't tell true tale (Niles Daily Star)
NILES - For-sale signs still dot the front yards of many homes throughout the Niles-Buchanan area. And all eyes seem to be on the housing market these days - as reports show a slump in home buying and selling across the nation.
2008-07-14 08:29:13 -
Central bank sees credit growth slowing to 40% by end-2008 - Sophia Echo
Interest rates on loans will continue to grow this year, but the uptick will be moderated by increased competition among the banks, the quarterly review of the Bulgarian National Bank (BNB) said late last week. Lending activity will remain brisk ...
2008-07-14 03:04:00 -
U.S. 10-Year Notes Decline as Government Backs Fannie, Freddie - Bloomberg
July 14 (Bloomberg) -- U.S. 10-year notes fell on speculation the U.S. government won't allow Fannie Mae and Freddie Mac to fail, reducing demand for the safest assets. The decline pushed the yield on the 10-year note to near the highest level in ...
2008-07-14 03:25:00 -
European government bonds lower as stock markets cheer M&A news - CNBC
LONDON (Thomson Financial) - European government bonds were lower as stock markets rallied on a series of M&A news. UK bank Alliance & Leicester said it has received a bid approach, with traders suggesting Santander is the most likely bidder. This in ...
2008-07-14 02:50:00 -
Fairinvestment reveal fixed rate mortgages still popular despite rates - WebWire
Brits continue to choose fixed rate mortgages while average rates are increasing to ten year highs in attempts to counteract high inter-bank lending. New research from Fairinvestment.co.uk has found that when it comes to taking out a mortgage, a ...
2008-07-14 03:18:00 -
Stock & fund quotes - ninemsn
When the global credit crisis first hit a year ago the initial reaction from central banks was to loosen global monetary conditions as they pumped liquidity into the system to prevent financial markets from enduring even more chaos than was ...
2008-07-14 12:55:00