Archive for October, 2007
More weak data worries loan calculators
More weak data emerged from the US, this time showing that consumer confidence continues to wane. The latest piece of data adds to an already strong case for a US rate cut this afternoon. A quarter-point reduction to 4.50 % is fully priced in but expectations of a larger 50 basis point cut is growing [...]
October 31, 2007
Tags: falling interest rates, home loans, Riksbank, US loans rates Posted in: Uncategorized 
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The pain continues for mortgage rates
The dollar was hit hard on Friday and in Asian trade this morning as expectations of a rate cut on Wednesday night continues to rise. The market has completely priced in a 25bp cut from 4.75% to 4.50% while a 50bp cut is given a 55% probability. Although, it may not be a forgone conclusion [...]
October 29, 2007
Tags: falling interest rates, Loan calculator, US mortgage rates Posted in: Uncategorized No Comments
Loan calculators look at falling interest rates
Loans rates remained under pressure following a slew of weak US data, which intensified calls for the Federal Reserve to cut interest rates at its meeting next week. New orders for durable goods fell 1.7 % in September, compared with forecasts for a 1.5 % rise, pulled back by a major retreat in defence spending [...]
October 26, 2007
Tags: falling interest rates, FED, Loan calculator, US mortgage rates Posted in: Uncategorized No Comments
Loan calculator find little G7 direction
While concerns about the US economy weighs on the loan calculator, no part of the global economy is expected to escape unscathed, in turn leading to widespread risk aversion. The current market sell-off is especially more dire than the turmoil of February and August because of escalating probabilities of a US recession. The communique from [...]
October 23, 2007
Tags: G7, Loan calculator Posted in: Uncategorized No Comments
Loan calculators look to G7 meeting for direction
The loans markets suffered a renewed bout of selling pressure ahead of this weekend’s G7 meeting of finance ministers and central bankers. Most market participants doubt that the G7 will publish a stronger than usual statement on currencies in their communique after the meeting, though volatility has declined in the immediate run-up to the meeting [...]
October 19, 2007
Tags: G7, Loan calculator, US mortgage rates Posted in: Uncategorized No Comments
US data worries mortgage calculator worries
Interest rates came under fresh pressure after further signs of weakness emerged in the US housing market, with housing starts data slumping to its lowest in over fourteen years. The Commerce Department said housing starts and permits for future construction fell to the lowest level in September since 1993, with a 10.2 % drop in [...]
October 18, 2007
Tags: mortgage calculator, UK loans rates, US mortgage rates Posted in: Uncategorized No Comments
US data leads to mortgage calculator worries
The loans markets came off its day highs after data showed the summer’s financial market turmoil led to the largest ever monthly outflow of capital from the US during August, as investors rushed to pull their money out of dollar denominated assets. Treasury International Capital figures showed net foreign long-term securities purchases amounted to minus [...]
October 17, 2007
Tags: carry trade, Interest Rates, US mortgage rates Posted in: Uncategorized No Comments
Loan calculators look at interest rates on hold
Further US data reinforced expectations that the US Federal Reserve will not be cutting borrowing costs again this month. The Empire State manufacturing index nearly doubled to 28.75 in October as both new orders and shipments rebounded from September declines. We had expected a small drop to 14.40 after the index’s 10-point plunge to 14.70 [...]
October 16, 2007
Tags: falling interest rates Posted in: Uncategorized No Comments
Prices the word of the loans week
And that’s not just for the rugby world cup final tickets. The Rightmove House Price survey released this morning indicated September house prices recovered from a -2.6% decline previously to rise 2.7% last month. Year on year growth is now 10.4%. The increase is due to more expensive homes on the market prior to the [...]
October 15, 2007
Tags: inflation, Interest Rates Posted in: Uncategorized No Comments
Bank of Japan keeps interest rates on hold
The mortgage rates lenders traded in a narrow range until the announcement last night that the Bank of Japan kept its interest rates on hold. Today the yen has lost ground to the dollar and euro. Other currencies such as the Australian and New Zealand dollars, the Norwegian krone and the South African rand have [...]
October 11, 2007
Tags: Bank of Japan, Interest Rates Posted in: Uncategorized No Comments
