Mortgage and Financial News From 2008-3-5 Page 12

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  • European Central Bank Rate Decision Timeline

    CNBC - Feb. 7 2008  -- The European Central Bank kept its key interest rates on hold at 4 percent for the sixth consecutive meeting ... The current short-term pressure on inflation must not spill over medium term," Trichet said.
    2008-03-05 07:38:00

  • Reserve Bank leaves rates unchanged

    Stuff - current levels for a significant time yet to ensure inflation outcomes of 1 to 3 percent on average over the medium term," said Reserve Bank governor Alan Bollard. With bank interest rates creeping into double digits, the pain for homeowners is growing ...
    2008-03-05 12:03:00

  • Economic Stimulus' Biggest Real Estate Winners

    Forbes - ... package, loans that are recategorized from jumbos to conforming loans (54% in San Jose , 44% in San Francisco , 17% in New York ) will carry lower interest rates. For potential buyers, this makes home buying more affordable, and for many current ...
    2008-03-05 11:49:00

  • N.Z. Leaves Key Rate Unchanged at Record-High 8.25% (Update1)

    Bloomberg - We expect that the official cash rate will need to remain at current levels for a significant time,'' Reserve Bank ... Bollard raised interest rates four times between March and July to curb domestic demand and inflation.
    2008-03-05 12:25:00

  • Fed's Plosser: Market woes warrant low rates

    Reuters - Such rules would call for a level of interest rates above the Fed's current 3 percent target for the benchmark fed funds rate, Plosser said. But the unusual nature of current market turmoil justifies setting rules aside for the time being.
    2008-03-03 05:25:00

  • No change to interest rates (Newstalk ZB via Yahoo!Xtra News)

    The Reserve Bank has decided to leave the official cash rate unchanged at 8.25 percent.
    2008-03-05 12:17:12

  • Fed: U.S. economy has weakened as shoppers turn more cautious (MSN Money Canada)

    WASHINGTON - The U.S. economy has weakened since the start of this year as shoppers turned even more cautious given the severe housing slump and painful credit crunch.
    2008-03-05 12:21:22

  • Fitch Rates Greenville County, SC's Airport Revs 'BBB-'; Outlook Positive (Centre Daily Times)

    Fitch assigns a 'BBB-' rating to Greenville County, South Carolina's approximately $540,000 airport revenue bonds, series 2008. The bonds, which will be privately placed, will be dated April 1, 2008 and will mature Oct. 1, 2009-2023. Proceeds from the issuance will be used to construct a new maintenance facility for Donaldson Industrial Air Park (DIAP or the air park). Fitch also affirms its ...
    2008-03-05 12:23:18

  • NASA Hubble Space Telescope Daily Report # 4560 (SpaceRef)

    NASA Hubble Space Telescope Daily Report # 4560
    2008-03-05 12:27:02

  • Hoffman moves on loan for fire, police stations (Daily Herald)

    The Hoffman Estates village board Monday approved the first of two proposed bond issues for various village projects, including new police and fire stations.
    2008-03-05 12:30:05

  • Factories, services feel slowdown (Lexington Herald-Leader)

    U.S. factories saw demand for their products drop sharply, while the country's service sector contracted, fresh evidence of an economy hobbled by housing and credit crises. The Commerce Department reported Wednesday that new orders for manufactured goods fell 2.5 percent in January from the previous month. That marked a deterioration from December's 2 percent increase and was the biggest decline ...
    2008-03-05 12:31:26

  • Australian GDP growth slows to 0.6%q/q in Dec q (Scoop.co.nz)

    Australia's GDP growth slowed to 0.6% in 4Q (JPMorgan 0.5%, consensus 0.6%) from a revised 1.1% in the September quarter (previously 1.0%). Annual GDP growth slowed from 4.3% to a still-healthy, and above potential, 3.9%, primarily driven by domestic demand.
    2008-03-05 12:33:12

  • N.Z. Leaves Key Rate Unchanged at Record-High 8.25% (Update1) (Bloomberg.com)

    March 6 (Bloomberg) -- New Zealand's central bank left the benchmark interest rate at a record-high 8.25 percent, saying slowing economic growth won't relieve pressure on inflation until next year.
    2008-03-05 12:34:25

  • Manhattan real esate rises even as U.S. flirts with recession (AM New York)

    Layoffs are increasing in New York , but Manhattan homeowners are being spared the worst effects of a weakening national economy, the Federal Reserve said Wednesday.
    2008-03-05 12:36:33

  • Fannie Mae agrees to adopt new appraisal standards; NY settles probe

    CNN Money - ... assist the Office of Federal Housing Enterprise Oversight in its effort to enhance home appraisal practices. In conjunction with the deal, Fannie Mae said the New York Attorney General's office had ended its inquiry into the federal mortgage lender.
    2008-03-03 10:18:00

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