Mortgage and Financial News From 2008-6-12 Page 9
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Fixed Mortgages Hit Eight-Month High - Street.Com
Fixed mortgage rates surged to an eight-month high this week, according to Freddie Mac's FRE weekly survey. Rates climbed as Federal Reserve officials voiced concern about inflation, indicating that the agency may boost its interest-rate target ...
2008-06-12 12:46:00 -
TREASURIES-Bonds slide on unexpectedly strong retail sales - Reuters
NEW YORK, June 12 (Reuters) - Treasuries prices slid on Thursday after a surprisingly strong U.S. retail sales report seemed to boost chances for the Federal Reserve to raise interest rates this year. U.S. short-term interest-rate futures shifted to ...
2008-06-12 01:22:00 -
FOREX-Euro heads for worst week in 3 yrs, ECB weighs - Forbes
United States - (Recasts, updates prices). * Euro heading for biggest weekly loss vs dollar in three years * Dollar rally gathers steam, dollar index touches 3-1/2 month high * ECB rate hike outlook tempered by Lagarde, Bini Smaghi NEW YORK, (Reuters ...
2008-06-12 09:18:00 -
Wall Street closes up but off highs as oil rises (Muzi)
NEW YORK - Wall Street gave up a big early advance Thursday as the price of oil rose, with stocks closing moderately higher but demonstrating how anxious investors are about inflation and the overall health of the economy.
2008-06-12 02:37:16 -
Strong retail sales boosted by rebate checks (Muzi)
WASHINGTON (Reuters) - Cash from government stimulus checks helped push U.S. retail sales up at twice the rate expected in May but the strength could be fleeting as households contend with soaring prices and the worst housing slump in decades.
2008-06-12 02:37:26 -
Stocks Rise on Retail Sales Figures (NYTimes.com via Yahoo! Finance)
Wall Street warmed to strong sales numbers, as stocks moved higher on a sign of some resilience in the economy.
2008-06-12 02:37:30 -
(AFX UK Focus) 2008-06-12 22:11 Treasury prices decline following sales report (Interactive Investor)
NEW YORK (AP) - Treasury prices fell sharply Thursday after a jump in retail sales last month bolstered a notion that an inflation-wary Federal Reserve might have more leeway to begin raising interest rates.
2008-06-12 02:38:14 -
Classified Advertising (Newkirk Herald Journal)
CLASSIFIED advertising rates are 22¢ per word with a minimum charge of $3.00 (up to 14 words) per issue. If your ad is to run in two or more consecutive issues, the cost is 20¢ per word per issue. Classified display advertising rate is $4.68 per column inch.
2008-06-12 02:38:16 -
Small rate hike ‘not enough’ (The Natal Witness Group)
PRETORIA — The Reserve Bank raised its repo rate by 50 basis points to 12% yesterday, leading banks to raise their lending rates to 15,5%. The rise was less than the market had expected.
2008-06-12 02:39:00 -
Retail sales jump by largest amount in 6 months (INO News)
(AP:WASHINGTON) The stimulus checks are working. A big increase in retail sales signaled that people are spending their rebate payments, helping to ward off a serious economic slump, at least for now.
2008-06-12 02:39:37 -
'Hulk' is not so incredible (AM New York)
Maybe it's his background. Or maybe it's because he's a large green man, but so far The Hulk has proven to be a difficult vehicle for Hollywood.
2008-06-12 02:40:03 -
Ask IT the Right Questions - Law.com
It's all over the news. Stock market declines, subprime mortgage mess, oil prices, decline in earnings. An uncertain time, causing uneasy speculation in the inner circles of most law firms -- how will this affect us? Will deal work slow down? Will ...
2008-06-11 08:11:00 -
Housing prices keep dropping - WTOP Radio
Before the big drop started, how many of you heard realtors telling you "oh no, prices aren't artificially high? They're going to just keep going up." I lived through a prior bubble burst here back in I think the early 1990's. This was quite ...
2008-06-12 07:17:00 -
O dumps another... - Manhattan Mercury
WASHINGTON - A manager of Democrat Barack Obama 's vice presidential search team resigned Wednesday amid criticism over his personal loan deals. Johnson, the former chairman of mortgage lender Fannie Mae, received loans with the help of the CEO of ...
2008-06-11 01:59:00 -
Paul, Bytown, from Canada writes: - Globe and Mail
Economies of scale...no, most of our store chains are US owned. Inventory...no, they should all be turned over by now. Value...no, Chinese goods are Chinese goods. Better service...you're kidding right? and on and on ..... Scenic Sask! from Canada ...
2008-06-12 05:58:00