Archive for November, 2007
Weak US home sales worries loan calculators
Although US new home sales rose by 1.7 % to 728,000, the reading came in below the 753,000 expected due to substantial downward revisions to previous months. September’s reading now stands at 716,000, the lowest rate since January 1996. The news offset earlier news of an upward revision to US third quarter GDP growth to [...]
November 30, 2007
Tags: Bank of England, falling interest rates, FED Posted in: Uncategorized 
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China trade imbalances acknowledged
Chinese Premier Wen Jiabao pledged on Monday to resolve trade imbalances after the country’s surplus hit a record high in October, and to work to let the yuan move more freely. A stronger yuan would make Chinese exports more expensive overseas. Wen said China will work to “increase (the currency’s) flexibility and gradually make the [...]
November 20, 2007
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Mixed data wobbles mortgage converters
Mortgage interest rates were steady in the wake of a raft of conflicting data, headlined by sturdy inflation figures that will exacerbate the dilemma for the Federal Reserve Bank as the economy shows signs of slowing. US CPI inflation met expectations with a rise of 0.3 % in October from September, giving a 3.5 % [...]
November 16, 2007
Tags: FED, mortgage calculator, US mortgage rates Posted in: Uncategorized No Comments
Mortgage calculators see lower interest rates for consolidate debt loans
Interest rates remained softer, while the euro gained ground, after encouraging euro zone and US economic data and a higher open in stock markets helped investors’ regain risk appetite. Equities were helped by US retail sales figures that showed a 0.2 % monthly rise in October, in line with the market consensus. At the same [...]
November 15, 2007
Tags: consolidate debt loans, Credit Crunch, mortgage calculator Posted in: Uncategorized No Comments
Bank of England to cut interest rates
The Bank of England is poised to cut interest rates as many as three times in an effort to ease the pain of the credit crunch, it has indicated today. In its closely-watched Inflation Report, the Bank said it could comfortably allow interest rates to drop from their current level of 5.75 per cent to [...]
November 14, 2007
Tags: Bank of England, consolidate debt loans, Credit Crunch, falling interest rates Posted in: Uncategorized No Comments
Credit crunch weighs mortgage calculator down
Expectations rose that the Federal Reserve could cut interest rates again in December, with economists expecting US data over the next few weeks to come in on the weak side. Unfortunately the situation is likely to deteriorate further given the ongoing deterioration in the housing market, the negative effects of falling equity markets and the [...]
November 12, 2007
Tags: Credit Crunch, mortgage calculator, US mortgage rates Posted in: Uncategorized No Comments
FED Bernanke rocks mortgage calculator boat
Mortgage calculators were abuzz in the immediate aftermath of comments from US Federal Reserve Bank chairman Ben Bernanke. The central bank chief said the Fed is ready to counter the inflation risks caused by high oil prices, suggesting US rate-setters will be reluctant to lower interest rates further despite some signs of slowing growth. Further [...]
November 9, 2007
Tags: Bank of England, ECB, falling interest rates, FED Posted in: Uncategorized No Comments
China worries mortgage calculators
The mortgage market’s renewed weakness was sparked by comments from Cheng Siwei, vice chairman of China’s National People’s Congress, who suggested China will diversify some of its $1.33 trillion (£660bn) of foreign-exchange reserves. Mr Siwei told a conference in Beijing: “We will favour stronger currencies over weaker ones, and will readjust accordingly.” Besides sterling, the [...]
November 8, 2007
Tags: china, Credit Crunch, mortgage calculator Posted in: Uncategorized No Comments
FED cuts US interest rates to 4.5pc
The Federal Reserve lowered a key interest rate by a quarter percentage point to 4.5 %. The Fed’s statement was intended to signal a continued openness to cutting rates, while indicating that inflationary pressures made doing so risky. Although lower interest rates can jump-start an economy, they can also weaken a currency as investors transfer [...]
November 1, 2007
Tags: falling interest rates, FED, mortgage calculator Posted in: Uncategorized No Comments
