Mortgage and Financial News From 2007-8-29 Page 5

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  • Poland raises rates again

    MSN MoneyCentral - With rising evidence that economic growth is fuelling wage growth and increasing inflationary pressure, Poland's interest rate-setting monetary policy council on Wednesday increased its main reference rate by a quarter point to 4.75 per cent, its ...
    2007-08-29 06:11:00

  • ECB longer-term refi average rate 4.62 pct; marginal rate 4.56 pct

    Forbes - FRANKFURT (Thomson Financial) - The European Central Bank said the weighted average interest rate on accepted bids at today's longer-term refinancing operation was 4.62 pct. The marginal rate -- the lowest rate at which bids were accepted -- was 4.56 ...
    2007-08-29 10:47:00

  • Polish central bank raises interest rates by 25 basis points

    Forbes - WARSAW (Thomson Financial) - Poland's central bank raised its key interest rate 25 basis points to 4.75 pct, it said in a statement today, increasing the borrowing costs for the third time this year to keep inflation in check after record growth in ...
    2007-08-29 01:03:00

  • Poland's central bank raises interest rates by a quarter point

    International Herald Tribune - WARSAW, Poland : Poland's central bank increased its key interest rate by a quarter of a percentage point Wednesday, continuing a policy of gradual tightening in response to inflationary pressure. The bank's Monetary Policy Council said it was ...
    2007-08-29 01:10:00

  • Fitch Rates Colorado Springs, Colorado VRD Utilities System Imp Revs ...

    Forbes - Bonds are subject to a mandatory tender upon any conversion of interest rate modes, and upon the expiration, termination or substitution of the liquidity facility. The bonds are also subject to mandatory sinking fund redemption and optional ...
    2007-08-29 08:55:00

  • As adjustable rates soar, mortgage applications sink

    Seattle Times - The interest rate charged for one-year adjustable loans jumped last week by the most since the Mortgage Bankers Association began keeping records in 1996. The report demonstrates the difficulty some homebuyers face in securing affordable financing ...
    2007-08-29 08:05:00

  • Five Nasty Credit Card Surprises

    US News and World Report - That plastic in your wallet could be burning a hole in your pocket, especially if you get snared by some of the credit card industry's sneakier practices. Congress is weighing whether to make some of these charges and interest rate methods illegal ...
    2007-08-29 09:10:00

  • House prices falter after rate rises

    Financial Times - ... rose in July across England and Wales, the Land Registry said on Wednesday, completing the picture of a slowing housing market after a resilient start to the year. All house price measures now show that the Bank of England’s five interest rate ...
    2007-08-29 04:38:00

  • FACTBOX-Global interest rates in 2007

    Reuters - LONDON, Aug 29 (Reuters) - Norway's central bank raised interest rates by a quarter percentage point to 4.75 percent on August 15. As a result the average rate set by 11 leading central banks -- the five that decide monetary policy for the G7 nations ...
    2007-08-29 03:05:00

  • Thai central bank keeps interest rate unchanged at 3.25 percent ...

    Forbes - BANGKOK (Thomson Financial) - The Bank of Thailand on Wednesday left its key interest rate unchanged at 3.25 percent amid easing inflation, which hit a near four-year low last month. 'Inflation was expected to remain low, due partly to private ...
    2007-08-29 11:30:00

  • Sarkozy calls Trichet's comments on early-Sept ECB rate decision ...

    Forbes - PARIS (Thomson Financial) - President Nicolas Sarkozy considers European Central Bank president Jean-Claude Trichet's recent comments about interest rates 'interesting', said French government spokesman Laurent Wauquiez. The spokesman said: 'The ...
    2007-08-29 01:53:00

  • CIBC World Markets analyst says interest rate cut not likely to rescue ...

    CNBC - NEW YORK - An interest rate cut by the Federal Reserve is unlikely to rescue the foundering subprime mortgage market, a CIBC World Markets analyst said Wednesday. Investors assume the U.S. central bank will cut its target for interest rates next ...
    2007-08-29 12:27:00

  • Polish finance minister says to change 2008 budget assumptions after ...

    CNBC - The monetary policy council today raised the main interest rate by 25 basis points to 4.75 pct to prevent inflation from rising above its 2.5 pct target after wages grew at their record pace in the second quarter of this year. "I didn't expect such a ...
    2007-08-29 06:04:00

  • Wall Street Surges on Rate Cut Hopes

    Newsday - NEW YORK - Stocks rebounded sharply Wednesday as investors, growing more optimistic about chances for an interest rate cut, sought bargains after the previous session's huge tumble. The Dow Jones industrials gained almost 250 points. Many investors ...
    2007-08-29 08:27:00

  • Strong 2-yr sale omen of bond market rate-cut bets

    Reuters - NEW YORK, Aug 29 (Reuters) - The strongest auction of short-dated Treasuries in more than 15 years on Wednesday underscored bond investors' gathering expectations the Federal Reserve will start cutting interest rates, analysts said. In a reflection ...
    2007-08-29 09:17:00

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