Mortgage and Financial News From 2007-10-29 Page 5

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  • Simple Solutions to Home Buying Challenges (Richfield Reaper)

    (ARA) - Home ownership is central to the American dream. And the good news is, it's a dream that can easily become reality. That's because today's lenders offer a variety of products to fit virtually every borrower's needs, points out Michael A. Drury, senior vice president of mortgage lending for M&T Bank Mortgage Division . Finding the right lending partner can make home buying easy and ...
    2007-10-29 12:53:52

  • Australia's September Home-Building Approvals Seen Rising 1% (Bloomberg.com)

    Oct. 30 (Bloomberg) -- Australia's home-building approvals probably rebounded in September as a dearth of housing supply outweighed concern that interest rates may rise.
    2007-10-29 03:57:51

  • Rudd says PM dishonest on rates promise

    News.com.au - ... John Howard of being dishonest in making his 2004 pledge to keep interest rates ... Australian households who are now paying the price in terms of their monthly mortgage ... We have the lowest unemployment in 33 years, but I'd like to drive it down further ...
    2007-10-26 05:54:00

  • This is Money is proud to be approved by the Plain English Campaign

    This is Money - The figures follow the crisis at mortgage bank Northern Rock and growing concerns for ... house prices in recent years can be justified by the lower level of interest rates ... Although they do say sarcasm is the lowest form of wit. - Hn, Northampton DUH ...
    2007-10-29 05:44:00

  • New Zealand Dollar Advances on Prospect Interest Rates May Rise

    Bloomberg - New Zealand Dollar Advances on Prospect Interest Rates May Rise By Emma O'Brien Oct ... S. target and 7.75 points higher than Japan's, which at 0.5 percent is the lowest ... The whole subprime mortgage situation is ongoing in the U.S. and that's adding to ...
    2007-10-27 05:53:00

  • Falling US rates raise carry trade questions

    Financial Times - ... which tracks its value against a basket of six major currencies, fell to its lowest ... A 25bp cut from the Fed would bring US interest rates to the same level as Canada ... appears to have risen structurally following the recent subprime mortgage crisis and ...
    2007-10-28 05:59:00

  • Sept mortgage approvals at two-year low

    Reuters UK - LONDON (Reuters) - The number of mortgage approvals fell to a two-year low in ... That was exactly as expected but was the lowest since July 2005. The data concurs ... greatly alter expectations the Bank will not be in any hurry to cut interest rates ...
    2007-10-29 02:49:00

  • U.K. Mortgage Approvals Decline to 26-Month Low (Update1)

    Bloomberg - Mortgage Approvals Decline to 26-Month Low (Update1) By Brian Swint Oct. 29 (Bloomberg ... Borrowing rates for home loans are rising after the central bank lifted its ... month in September, with the number of potential homebuyers dropping to the lowest ...
    2007-10-29 02:56:00

  • Dollar Trades Near Record Low Versus Euro Before Fed's Meeting

    Bloomberg - ... to slow and the Fed is likely to cut rates.'' The dollar traded at $1.4415 per euro at 9:18 a.m. in Tokyo from $1.4425 late in New York yesterday, when it reached $1.4438, the lowest since ... since 2003, after losses from subprime mortgage ...
    2007-10-29 05:44:00

  • Business comment: Crombie not looking smart

    Daily Telegraph - ... to the lowest level for more than two years. The last time approvals dropped this low was in summer 2005, and at the time that statistic was one of the key reasons the Bank of England controversially cut interest rates. The Council of Mortgage Lenders ...
    2007-10-29 05:37:00

  • House repossessions set to soar

    Croydon Guardian - The Council of Mortgage Lenders (CML) warned the five interest rate rises seen since ... 102,000 new mortgages for people moving were approved during the month, the lowest ... The group said the hikes in interest rates would be particularly acute for the ...
    2007-10-29 07:03:00

  • House Prices Start To See A Fall

    Sky.com - ... by 0.1% during October as higher interest rates ... Meanwhile, the number of mortgage approvals fell to a two-year low in September. The Bank of England said the number fell to 102,000 last month, from 108,000 in August - the lowest since July 2005.
    2007-10-29 05:44:00

  • Australia's September Home-Building Approvals Seen Rising 1%

    Bloomberg - ... in September as a dearth of housing supply outweighed concern that interest rates ... Australia's lowest jobless rate in 33 years and rising wages are boosting an ... Another rate increase may weigh on building approvals in the months ahead as mortgage ...
    2007-10-29 04:11:00

  • Repossessions 'to hit highest rate since 1991'

    Daily Telegraph - The Council of Mortgage lenders predicts the number could rise by 50 per cent from 30,000 this year to 45,000 next year, as homeowners are affected by rising interest rates and the global credit crisis ... 000 fewer than in September 2006 and the lowest ...
    2007-10-29 07:17:00

  • Mortgage approvals hit two-year low as house prices fall for the first ...

    Daily Mail - Today's data from the Bank of England showed that higher interest rates are certainly having an effect on mortgage demand. "Mortgage approvals in September fell to their lowest level in over two years. And with the tightening in lending criteria ...
    2007-10-29 05:44:00

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