Mortgage and Financial News From 2008-1-30 Page 31

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  • Gold futures hit record following Fed decision to slash key interest ...

    MSN UK News - Gold prices soared to a record Wednesday after the Federal Reserve slashed its key interest rate _ a potentially inflationary ... MSN UK News looks at whether Britain would be better off with a US-style president than it is with a prime minister and a ...
    2008-01-30 02:18:00

  • Fed rate cut may not be last

    Los Angeles Times - WASHINGTON -- The Federal Reserve cut its key interest rate another half point to 3% today, completing a wild eight-day run ... But policymakers have apparently decided that the combination of the sub-prime mortgage mess, a housing contraction and ...
    2008-01-30 01:28:00

  • Intrusion Inc. Executes $700,000 Loan Agreement

    Forbes - Amounts the Company borrows under the note accrue interest at a floating rate per annum equal to the announced prime rate of Silicon Valley Bank plus 1% and are unsecured. All outstanding principal and accrued but unpaid interest are due on December ...
    2008-01-30 01:06:00

  • Fed cuts interest rate, second time in 8 days

    San Francisco Gate - 01-30) 13:40 PST SAN FRANCISCO -- The Federal Reserve cut its benchmark short-term interest rate today just eight days after it ... Homeowners with adjustable mortgages and consumers with credit cards linked to the prime rate often see their rates move ...
    2008-01-30 02:03:00

  • Canadian Stocks Retreat, Led by Potash, Toronto-Dominion Bank

    Bloomberg - Jan. 30 (Bloomberg) -- Canadian stocks fell on speculation that the Federal Reserve's interest-rate cuts won't suffice to keep U.S. economic growth from slowing, or stop banks from having more losses on sub-prime mortgage-related investments. Potash ...
    2008-01-30 01:13:00

  • Fed cuts interest rates bold half-point to boost ailing economy; Wall ...

    CNBC - WASHINGTON - Emphatic as it was, the Fed's interest rate cut was no quick cure-all for the economy. The fallout from the risky ... That prime rate applies to certain credit cards, home equity lines of credit and other loans. Hours before the Fed's action ...
    2008-01-30 02:53:00

  • SunTrust Bank Lowers Prime Lending Rate To 6% - Quick Facts [STI]

    RTT News - Wachovia Lowers Prime Interest Rate To 6% - Quick Facts [WB] 1/30/2008 3:32:46 PM On Wednesday, Wachovia Corp. (WB) said that it has lowered its prime interest rate to 6% from 6.5% at Wachovia Bank, National Association, and all of its other banking ...
    2008-01-30 12:52:00

  • Wells Fargo, BofA lower prime lending rates

    MSN MoneyCentral - ... their prime-lending rates to 6 percent from 6.5 percent, effective Wednesday. The move follows the Federal Reserve's decision to lower the federal funds rate to 3 percent from 3.5 percent. Banks use the federal funds rate to determine the interest they ...
    2008-01-30 02:11:00

  • Short-Term Interest Rate Cut

    KELOLAND TV - Variable-rate credit cards and home equity lines of credit are linked to the prime rate. And according to Bankrate.com, the interest charged to consumers will fall another quarter-point over the next few billing cycles. Already the cuts the Fed has ...
    2008-01-30 03:08:00

  • Interest Rate Reductions Good for the Economy But Unresolved ...

    Forbes - Lowered interest rates may benefit new home borrowers and some prime market consumers. But for the millions of borrowers facing foreclosure, interest rate reductions will not improve their circumstances. In fact, no remedy currently in place is of the ...
    2008-01-30 12:16:00

  • Fed cuts key interest rate; banks cut prime rate to 6%

    Green Bay Press-Gazette - WASHINGTON — The Federal Reserve today cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible. The Fed action pushed the funds rate to 3 ...
    2008-01-30 12:09:00

  • Wachovia Lowers Prime Interest Rate To 6% - Quick Facts [WB]

    RTT News - 1/30/2008 3:32:46 PM On Wednesday, Wachovia Corp. (WB) said that it has lowered its prime interest rate to 6% from 6.5% at Wachovia Bank, National Association, and all of its other banking subsidiaries, effective today. On 22 January 2008, Wachovia ...
    2008-01-30 12:23:00

  • U.S. Fed cuts key interest rate to 3.0%

    Xinhua News Agency - ... the benchmark for millions of consumer and business loans, will drop by a corresponding amount to 6.0 percent, the lowest point since the spring of 2005. The prime rate responds to changes in the federal funds rate. By lowering interest ...
    2008-01-30 12:45:00

  • Wachovia, BofA drop prime lending rates

    MSN MoneyCentral - SunTrust Banks Inc., Wachovia Corp. and Bank of America Corp. have reduced their prime interest rates to 6 percent from 6.5 percent. The cut comes after the Federal Reserve lowered the federal funds rate 0.5 percent to 3 percent on Wednesday ...
    2008-01-30 01:13:00

  • Lower Fed rate could help ARMs, subprime mortgages

    Philadelphia Inquirer - The Fed decision pushed more investors into the stock market from the bond market, however, affecting yields on long-term Treasury bills and pushing up the 30-year fixed-interest rate yesterday, said Fred Glick, a Center City mortgage broker. The 30 ...
    2008-01-30 03:08:00

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