Mortgage and Financial News From 2007-10-17

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  • Lenders Cut Back On Mortgage Deals (Sky News via Yahoo! UK & Ireland Finance)

    Mortgage lenders have withdrawn 40% of their deals over the past three months because of the global credit crunch.
    2007-10-17 06:12:17
  • Lenders withdraw mortgage deals (BBC News)

    UK lenders withdraw 40% of their mortgage deals in three months, partly over worries about risky lending.
    2007-10-17 07:08:12
  • Comerica Sees Narrower 2007 Margin

    Forbes - Banks typically raise cash through deposits at one interest rate, lend the cash to clients at a higher interest rate and profit on the spread between the two rates. Comerica projected loan growth in the mid-to-high single digits this year. Loan growth ...
    2007-10-17 06:31:00
  • UK jobless rate in further fall

    BBC News - Minutes from the Bank of England's monetary policy committee on Wednesday showed that one member had favoured an interest rate cut, but was outnumbered by the remaining eight, who said November forecasts would give a clearer picture of the state of ...
    2007-10-17 02:42:00
  • Election won't stop interest rate rise: Westpac

    News.com.au - A STRONG Australian economy will push the central bank to raise interest rates during the election campaign, according to a key forecaster. The Westpac-Melbourne Institute Leading Index of Economic Activity, released today, rose by 1.5 points in ...
    2007-10-16 10:53:00
  • European Government Bonds Gain on Concern About Economic Growth

    Bloomberg - Two-year German notes rose for a second day after a report showed U.S. housing starts plunged to a 14-year low, reinforcing the case for Federal Reserve interest-rate cuts. Debt held gains on speculation Fed rate cuts will limit the ECB's room for ...
    2007-10-17 07:14:00
  • Financial Sector Remains a Pariah

    Street.Com - The interest rate cuts did provide some relief leading to a countertrend rally in recent weeks. We say this is a countertrend rally because the RKH rallied back to resistance and has once again rolled over and is heading lower again. The inability to ...
    2007-10-17 07:14:00
  • UK gilts up, rate futures steady ahead of BoE minutes

    Reuters UK - LONDON, Oct 17 (Reuters) - UK gilt futures rose in early trade on Wednesday in line with Bunds and interest rate futures held steady, ahead of minutes from the Bank of England's last policy meeting which could provide clues on the interest rate ...
    2007-10-17 01:16:00
  • Bonds Rise as Dismal Housing Overshadows Inflation

    CNBC - Treasury bond prices rose Wednesday as fresh evidence of a dismal US housing market overshadowed data showing inflation pressures rose slightly, bolstering investors' hopes for an interest rate cut. US short-term rate futures showed the perceived ...
    2007-10-17 06:02:00
  • US housing starts hit 14-year low

    MSN MoneyCentral - ... construction fell to its lowest level in more than 14 years while consumer prices rose at the sharpest rate in four months, according to fresh figures that are likely to stimulate debate at the Federal Reserve about the need for further interest rate ...
    2007-10-17 08:04:00
  • Tempus comment: in the cut

    Times Online - Tempus comment: in the cut The dove-ish leanings of the Monetary Policy Committee heightens the prospect of an interest rate cut, but will it go that far?
    2007-10-17 07:14:00
  • BGC Appoints Head of e-Commerce for North America

    Forbes - BGC, a leading inter-dealer brokerage firm providing integrated voice and electronic services to wholesale fixed income, interest rate, foreign exchange and derivatives markets worldwide, announced today that Clive England has been appointed as ...
    2007-10-17 05:55:00
  • Mortgage application volume increases slightly as interest rates show ...

    CNBC - Mortgage application volume crept slightly higher as interest rates showed little to no movement. The average interest rate for traditional, 30-year fixed-rate mortgages remained unchanged at 6.4 percent. The average interest rate for one-year ...
    2007-10-17 04:22:00
  • California ordered to pay interest on seized assets

    San Francisco Gate - The judge has not clarified the interest rate to be paid, Casaleggio said, and which property owners will qualify for back payments - issues that could cut costs to taxpayers. State attorneys will return to court soon for clarification, he added. ...
    2007-10-17 05:05:00
  • Polish central bank's Wasilewska-Trenkner keeps options open on more ...

    Forbes - This does not mean that interest rate rises should end this year. If forecasts show that inflation will be in the range of 3.0-3.5 pct, there is no need to wait and we will have to react. The projections will show how long we will have to apply ...
    2007-10-17 03:10:00