Mortgage and Financial News From 2008-6-3 Page 7
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Argentina Peso Surges To ARS3.07/Dlr; Strongest Since Aug '06 (The Forex Market)
BUENOS AIRES (Dow Jones)--The Argentine peso surged to its strongest point since August 2006 in mid-afternoon trading Tuesday, despite political uncertainty involving an entrenched farm crisis that threatens to undermine economic growth.
2008-06-03 09:42:46 -
RBA keeps rates steady at 7.25pc - News.com.au
AUSTRALIA'S central bank has today decided to keep interest rates on hold at 7.25 per cent, which will keep standard variable mortgage rates at around 9.5 per cent. After seven official rate rises in two years, the central bank has the official cash ...
2008-06-03 01:58:00 -
Interest rates on hold for now - West Online
The Reserve Bank has given hard pressed mortgage holders another month's reprieve, deciding today to leave official interest rates on hold. Following its meeting this morning, the bank announced it woul leave the official cash rate at 7.25 per cent ...
2008-06-02 09:40:00 -
Reserve Bank of Australian warning on interest rates - News.com.au
DESPITE keeping mortgage rates on hold yesterday, the Reserve Bank gave a stark warning that it will lift them again soon if wages or prices race away. The RBA left the cash rate steady at 7.25 per cent for a third straight month. Its warning came as ...
2008-06-03 07:42:00 -
Mortgage Rates Rise on Inflation Concerns - Street.Com
Interest rates bounced up 0.10 and 0.11 percentage points last week for 30-year and 15-year fixed-rate mortgages, due to renewed concerns over inflation. While this news is bad enough, it gets worse: If you have been waiting for lower rates to ...
2008-06-03 07:13:00 -
Bernanke Backs The Buck (Forbes)
Fed chairman makes an unusual statement in support of the greenback.
2008-06-03 09:52:23 -
Under Secretary David H. McCormick Remarks to the World Affairs Council in Pittsburgh “Looking Past Today: Staying ... (United States Department of the Treasury)
Pittsburgh - These are clearly challenging times for the United States economy. In recent months, we've seen the housing market falter, with an increasing number of foreclosures over the past year. We've seen credit markets tighten, making it harder for companies and individuals to borrow.
2008-06-03 10:58:37 -
S & P downgrades top US investment banks (The Hindu)
Chennai, June 3 International rating agency, Standard & Poor’s (S & P) has lowered its ratings on a number of top investment banking companies in the United States. S & P has downgraded Lehman Brothers Inc., Merrill Lynch & Co. Inc., and Morgan Stanley.
2008-06-03 11:33:56 -
ECONOMY: Credit crunch hits commercial real estate (North County Times)
A credit crunch that has severely limited the ability of banks to make loans struck the nation's commercial real estate market in the first quarter, slashing the number of loan originations, according to a report released Tuesday by an industry assoc
2008-06-03 12:35:12 -
Royal surges on talk of stakebuilding (The Herald)
Royal Bank of Scotland outstripped the rest of the banking sector as renewed optimism about its rights issue sent its shares up 8.3% yesterday.
2008-06-03 01:47:52 -
Where Fed Heads Fear To Tread (Forbes)
Bernanke makes unusual statement in support of dollar, indicating shift in policy.
2008-06-03 02:51:25 -
Portland-area Russians hit hard - Oregonian
Stepan and Marina Savka worked hard for their success: a growing trucking business, four healthy children, a sprawling Happy Valley home. They had come from Ukraine 10 years ago to pursue the American Dream --and they were finally living it. Then it ...
2008-06-03 07:56:00 -
Saviours of the suburbs: are US’s twin home loan titans at risk? - Financial Times
Since the onset of the credit crisis, the twin pillars of the US housing finance market have been two venerable government-sponsored enterprises: Fannie Mae and Freddie Mac . Now experts are wondering whether a continued decline in house prices could ...
2008-06-03 11:52:00 -
Sen. Kerry: Stem the tide of foreclosures (The MetroWest Daily News)
U.S. Sen. John Kerry said his Mortgage Revenue Bond Program will provide the state with more than $200 million to help struggling homeowners stave off foreclosure, among other things.
2008-06-03 10:39:27 -
Winnebago to idle 270 workers at Charles City (Waterloo-Cedar Falls Courier)
CHARLES CITY--- The Winnebago Industries Charles City Manufacturing Facility will be closed indefinitely effective Aug. 1.
2008-06-03 10:43:52