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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: interest rate

interest rate stories: 98 news summaries

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Mortgage Rates Drop
to 5-Month Low

Analysts attribute dip to slackening economy

Nov 9, 07 2:16 AM CST
(Newser) - Rates for 30-year fixed mortgages have slipped for the third week in a row. The dip to 6.24% is the lowest level since May. Mortgage rates have been falling across the board over the last week, which analysts attribute to the slackening economy. The drop follows the Fed's cut... More »

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Federal Reserve • subprime mortgages • mortgage • mortgage rates • interest rate

Stocks Plummet; Dow Off 362

Rate-cut concerns, and plain old bad news, hit Wall Street hard

Nov 1, 07 3:49 PM CDT
(Newser) - Stocks turned sharply downward today—including a 362-point plunge by the Dow—on concerns over yesterday's Fed rate cut and bad news from Exxon Mobil and Citigroup. The cut led to "nervousness that there's another shoe to drop," a analyst told the Wall Street Journal. The Dow was... More »

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stock market • Citigroup • Federal Reserve • ExxonMobil • interest rate

Fed Slashes
Key Interest Rate Another Quarter-Point

Board signals further cuts are no sure thing

Oct 31, 07 1:42 PM CDT
(Newser) - The Federal Reserve cut its key lending rate today by 25 basis points, to 4.5%. The expected reduction is the second of the federal funds rate in two months. The board asserted, however, that growth and inflation risks are now “roughly balanced,” a signal that further cuts... More »

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inflation • Ben Bernanke • Federal Reserve • mortgage • interest rate • interest rate cut

Fed Doubts Drive Stocks Down

Consumer confidence report, Procter & Gamble forecasts are drags on markets

Oct 30, 07 3:51 PM CDT
(Newser) - Stocks closed down today as confidence that the Fed will cut interest rates tomorrow faded. The Journal reported that policymakers are considering no cut at all, meaning borrowing costs may stay high. The Dow slipped 77.79 to 13,792.47, the S&P 500 was down 9.96 to... More »

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stock market • Proctor • Federal Reserve • consumer confidence • interest rate

Fed Doesn't Want Rate Cut— But Markets Do

And they're expecting it. Bernanke's hands tied as Fed meets today

Oct 30, 07 7:09 AM CDT
(Newser) - Ben Bernanke and the rest of the Fed are meeting today to decide whether to cut interest rates again after September's surprise half-point reduction. Bernanke has made it clear that he'd rather not drop rates again. But, as Bloomberg writes, he might not have much of a choice: with home... More »

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Ben Bernanke • Federal Reserve • interest rate • credit crisis

Housing Starts Plummet to 14-Year Low

But modest consumer price hike soothes inflation fears

Oct 17, 07 9:49 AM CDT
(Newser) - New homes starts fell to their lowest level in 14 years last month, plunging 10%—to an annualized rate of 1.191 million—after expectations of a 4.2% decline. The number followed a 3.2% drop in August, the Wall Street Journal reports. A homebuilders' confidence gauge registered its... More »

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Federal Reserve • Consumer Price Index • homebuilders • interest rate • housing starts • confidence

Housing Still a Drag: Fed Chief

Setbacks likely, says Bernanke, who offers no hints on interest rate status

Oct 16, 07 5:38 AM CDT
(Newser) - The real estate slump will continue to be a "significant drag" on US economic growth well into next year, said Federal Reserve Chairman Ben Bernanke in his first speech on the economy since August. Recovery from the credit crisis will take time, and setbacks are likely, Bernanke told the... More »

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Federal Reserve • subprime mortgages • recession • credit market • interest rate • Federal Open Market Committee • Economic Club of New York • commercial paper • housing crisis

Economy Slows, Stocks Surge: What Gives?

'Teflon investors'
are relying on
the good news

Oct 6, 07 6:54 PM CDT
(Newser) - Stocks are surging while classic indicators are signaling slump — so what gives? The answer, reports the Washington Post, lies in a bright jobs report and spiking Standard & Poor's 500-stock index. Backers are dissing the bad news as fast as they can finance, says the Post: "Call them... More »

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stock market • Wall Street • investors • Federal Reserve • Dow Jones • Nasdaq • credit market • interest rate • mortgage backed securities • S&P 500

Stocks Climb on Rate-Cut Hype

S&P surging on last, next Fed slashes

Sep 27, 07 3:51 PM CDT
(Newser) - The stock market rose for a second day as a weak new-home-sales report added energy to speculation that the Fed will slash rates again next month; Bloomberg puts the odds of a quarter-point cut at 88%. The S&P added 5.96 to reach 1,531.38, climbing within 1.... More »

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Federal Reserve • Dow Jones • Nasdaq • interest rate • unemployment benefits • S&P 500

Bernanke Sees More Housing Pain, ‘Relatively Strong’ System

Foreclosures continue, but market OK overall

Sep 20, 07 2:57 PM CDT
(Newser) - Federal Reserve chairman Ben Bernanke went before Congress today, two days after trimming the benchmark lending rate, and said new foreclosures will come as more subprime mortgages run out clocks on initial interest rates. Markets “do tend to self-correct” in crises, the economic guru said, and the global system... More »

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Congress • Ben Bernanke • subprime mortgages • foreclosure • Freddie Mac • Fannie Mae • interest rate

Investors Might Reap Rewards
of Dollar's Slide

Currency's record lows against euro cause "to cheer," analyst says

Sep 15, 07 5:58 PM CDT
(Newser) - The dollar may be continuing its slow, steady decline against the euro, but many analysts are looking on the bright side, Business Week reports. American stocks, companies, investors, and workers can all benefit from the decreasing value of their currency, economists say, with one calling the dollar’s decline... More »

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Federal Reserve • subprime mortgages • US economy • euro • Asian markets • interest rate • credit crisis • European markets • US dollar

Demand for Mortgages Rises as Rates Fall

Interest charge lowest since May, with Fed likely to cut further

Sep 12, 07 11:23 AM CDT
(Newser) - Applications for home loans increased for the second week in a row as interest rates on both fixed and adjustable-rate mortgages fell, according to a survey by the Mortgage Banker's Association. Indices tracking applications for both purchases and refinancing showed a 5.5% increase over last week and a 12.... More »

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housing market • subprime mortgages • home loans • interest rate • subprime crisis

Soaring Inflation Rocks China

Food prices feeding public unrest

Sep 11, 07 3:36 AM CDT
(Newser) - China's soaring inflation rate is the highest in a decade, putting pressure on the central bank to hike interest rates for the fifth time in six months to cool China's superheated economy. Food prices have jumped 18%, raising fears of public unrest., Bloomberg reports. Consumer prices rose across the board... More »

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China • inflation • US economy • central bank • interest rate • food prices

Energy, Techs Give Stocks a Jolt

Traders still confident that Bernanke will cut rates; GM leads upward trend

Sep 4, 07 4:25 PM CDT
(Newser) - Tech and energy stocks led a rally at the end of today's session on Wall Street, as rumors of an interest-rate cut multiplied and traders examined indications that earnings would outpace prices in the two sectors. GM was up 6.1% as the Dow jumped 91.12 to 13448.86,... More »

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Ben Bernanke • stock market • General Motors • Apple • stocks • interest rate

Fed Could Take Credit Crunch Fix to the Bank

Interest rates may drop, but deposit rates could go with them

Sep 3, 07 4:00 PM CDT
(Newser) - If you have CDs or a savings account, you may be contributing, soon enough, to the solution to the credit market upheaval, the LA Times reports. Some investors expect the Federal Reserve to cut short-term interest rates next month, a move that could inspire banks to raise money elsewhere... More »

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Federal Reserve • credit market • interest rate • federal fund rates • savings account • certificates of deposit

Recession Risk
Seen in Mortgage Misery

Top economist urges immediate rate cuts
to avoid catstrophe

Sep 2, 07 1:23 PM CDT
(Newser) - Mortgage woes could spark a serious recession, a prominent economist said yesterday. National Bureau of Economic Research President Martin Feldstein said that interest rates must be slashed heavily and quickly, or declining prices and weakening home equity withdrawal could hobble the economy, Reuters reports. More »

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Ben Bernanke • Federal Reserve • subprime mortgages • mortgage • recession • Martin Feldstein • US economy • interest rate • home equity

Wall Street Up, Up, and Away for Holiday Weekend

Investors thank Bush, Bernanke for gains

Aug 31, 07 4:42 PM CDT
(Newser) - On the eve of the holiday weekend, the major markets jumped today, riding encouraging comments by President Bush and Ben Bernanke to broad advances that pushed their monthly gains above 1%. The Dow, which saw 28 of 30 stocks rise, finished up 119.01 points, closing at 13,357.74.... More »

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Ben Bernanke • Wall Street • Citigroup • Federal Reserve • Dow Jones • subprime mortgages • stocks • Nasdaq • interest rate • S&P 500 • JPMorgan Chase

Bernanke Vows to Combat Mortgage Mess

Fed ready to step in; Wall Street holds out hope for rate cuts

Aug 31, 07 1:07 PM CDT
(Newser) - In his first comments on the subprime mortgage meltdown, Ben Bernanke today vowed the Federal Reserve “will act as needed” to contain the turmoil, preventing it from weakening the broader economy. The Fed chief pledged the central bank would “take additional actions” if necessary. “It is clear... More »

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Ben Bernanke • Federal Reserve • subprime mortgages • US economy • Federal Housing Administration • credit market • interest rate • federal fund rates • George W. Bush

Stocks Shake Before Fed Speech

Wall Street awaits Bernanke's priorities in Friday address

Aug 30, 07 4:31 PM CDT
(Newser) - Technology shares are still on the rebound, but the credit market continues to shake other stocks as traders await Ben Bernanke's speech on Friday. The tech-heavy NASDAQ gained 2.14 today, to close at 2565.30. But the Dow slipped 50.56 to 13238.73, and the S&P 500... More »

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Ben Bernanke • NASDAQ • Federal Reserve • credit market • interest rate • credit crisis • Dow • S&P 500

Fed Chief to Address
Market Uproar

Wall Street will be craining for clues on possible rate cut

Aug 30, 07 5:02 AM CDT
(Newser) - Tomorrow, Ben Bernanke will make his first speech since turmoil erupted in the world's financial markets early this month. As Wall Street listens for clues about whether interest rates will be cut next month, the Fed chief be walking a tightrope, the Washington Post observes. If he appears indifferent, panic... More »

MORE ABOUT:
Ben Bernanke • Wall Street • Federal Reserve • interest rate • credit crisis • mortgage debt • securities • mortgage backed securities

61 - 80 of 98 Stories | << Prev 1 2 3 4 5 Next >>


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