Mortgage and Financial News From 2007-8-28 Page 8

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  • Economic data trigger new attack of jitters

    Financial Times - ... economic reports prompted investors to focus on the impact of the subprime mortgage ... US consumer confidence deteriorated to its lowest level for more than a year in ... the uncertainty over whether the European Central Bank will raise interest rates ...
    2007-08-28 06:12:00
  • Oil slips as economic worries weigh

    Reuters - U.S. consumer confidence fell to its lowest level in a year in August on concerns about a softening labor market and turmoil stemming from the subprime mortgage crisis. ... Traders said Citgo had cut rates at its 156,000-barrel-per-day ...
    2007-08-28 05:58:00
  • CRH First-Half Profit Jumps 27% on Cement, Purchases (Update3)

    Bloomberg - CRH fell 46 cents, or 1.5 percent, on the Dublin exchange, while the Dow Jones Stoxx 600 Index declined 1.8 percent, on concern the subprime-mortgage rout is spreading. CRH has overtaken Bank of Ireland Plc and Allied Irish Banks Plc, to become ...
    2007-08-28 05:22:00
  • Home prices fall record 3.2% nationally

    Marketwatch - 'With supply overhang growing and mortgage financing tougher to obtain, home prices are going to soften considerably further in the quarters ahead.' — Joshua Shapiro, MFR Inc. "The pullback in the U.S. residential real-estate market is showing no ...
    2007-08-28 02:16:00
  • Dozens of home builders' ratings at risk: S&P

    Reuters - Fifteen of the 26 companies it rates are either on review for a downgrade or have ... However, if a longer-term dislocation in the mortgage market develops, we would ... builders now are junk-rated, with the other nine in the "BBB" category, the lowest ...
    2007-08-28 05:51:00
  • Confidence takes biggest hit in 2 years

    CNN Money - Problems in mortgage, housing and stock markets have American consumers less ... The reading was also the lowest in a year, though it came in a shade better than ... consumer confidence could help to spur the Federal Reserve to cut interest rates ...
    2007-08-28 06:12:00
  • Home prices: No relief on horizon

    CNN Money - Current Mortgage Rates ... The year-over-year decline reported in the 2nd quarter of 2007 for the National Home Price Index is the lowest point in ...
    2007-08-28 03:56:00
  • Loonie falls as central bank backs off

    Globe and Mail - ... than half a cent Tuesday after a Bank of Canada official suggested interest rates ... 36 cents on July 25, caught up in the selling triggered by the U.S. subprime mortgage ... confidence index fell to 105 in August from a revised 111.9 in July, the lowest ...
    2007-08-28 05:36:00
  • U.S. Consumer Confidence Probably Slid on Stock Slump (Update1)

    Bloomberg - The Reuters/University of Michigan preliminary index of consumer sentiment fell to its lowest in a year this month. The ABC/Washington Post Consumer confidence index fell to minus 20 in the week ending Aug. 19, its lowest level since October 2005 ...
    2007-08-28 02:16:00
  • U.S. Two-Year Notes Rise on Bets Consumer Confidence to Weaken

    Bloomberg - ... sixth day, the longest stretch in 1 1/2 years, as traders reduced bets the Federal Reserve will need to lower interest rates ... On Aug. 20, they touched 2.505 percent, the lowest since February 2005, as money market funds dumped asset-backed commercial ...
    2007-08-28 02:37:00
  • Yen-Funded Carry Trade Is Not `Dead' Yet, Says Credit Suisse

    Bloomberg - This unwinding is ``temporary'' and Japanese interest rates of 0.5 percent will continue to lure investors to use the yen as ... That's the lowest among industrialized nations and compares with 4 percent in the euro region, 5.25 percent in the U.S. and 5 ...
    2007-08-28 03:27:00
  • Noisy smokers get the blame for rise in bad neighbour rows

    Scotsman - I hope that you might indeed be a gentleman and agree that the smoking resistance and the french/dutch/belgian/norwegian/etc. resistance to their Nazi occupiers don't really compare. I mean, you might get a wee bit ratty if you don't get a smoke just ...
    2007-08-28 05:55:00
  • Money Illusion And The Market

    Science Daily - To illustrate, compare a situation in which money wages increase 2.3% and prices ... Money illusion in the guise of a confusion of nominal and real interest rates may ... However, decreasing inflation also increases the real cost of future mortgage ...
    2007-08-27 11:57:00
  • Home is an Asset in Taking a Loan

    Best Syndication - The finance provider sits along with the estimate, looks over the value of the mortgage and analyses the credit history to ... But never forget to make proper payment of interest rates. As it is a secured loan and the finance is taken against the ...
    2007-08-27 07:18:00
  • Montreal Theaters Nab Movie Pirates With Night-Vision Goggles

    Bloomberg - I compare them with hackers,'' said Royal Canadian Mounted Police Staff Sgt. Noel St-Hilaire, leader of a Montreal- based team that investigates movie piracy. ``You're screwing the system.'' The furtive recordings make their way to illicit ...
    2007-08-28 03:42:00