Mortgage and Financial News From 2008-1-30 Page 32

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  • FirstMerit cuts key interest rate

    MSN MoneyCentral - NEW YORK (AP) - FirstMerit Corp. on Wednesday lowered its prime rate by one half of a percentage point after the Federal Reserve cut its key interest rate. Akron, Ohio-based FirstMerit said its prime rate is now 6 percent. The Fed cut the federal ...
    2008-01-30 03:36:00

  • City National Bank to Lower Its Prime Interest Rate to 6.00 Percent

    MSN MoneyCentral - City National Bank is the wholly owned subsidiary of City National Corporation (NYSE:CYN). It is backed by $15.9 billion in total assets, and provides banking, investment and trust services through 62 offices, including 15 full-service regional ...
    2008-01-30 03:29:00

  • What Short-Term Interest Rate Cut Means to You - KELOLAND TV

    What Short-Term Interest Rate Cut Means to YouKELOLAND TV, SD - 1 hour agoVariable-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 ...
    2008-01-30 02:57:03

  • Robert Mugabe and the Zimbabwe crisis - Helium

    Robert Mugabe and the Zimbabwe crisisHelium, MA - 58 minutes agoRaising interest rates is no longer an option either as the kind of base rate required to cut inflation back would also slaughter what little consumer ...
    2008-01-30 03:01:31

  • Fed cuts rate - Calcutta Telegraph

    Fed cuts rateCalcutta Telegraph, India - 53 minutes ago30: The US Federal Reserve today cut a key US interest rate by a half-percentage point as part of an aggressive effort to halt a sharp slowdown in the US ...
    2008-01-30 03:06:41

  • £274m bet blow for pub giant - The Sun

    £274m bet blow for pub giantThe Sun, UK - 52 minutes agoOverall the FTSE-100 slipped as banks fell, led by ALLIANCE & LEICESTER and RBS, ahead of last night’s US interest rate cut. Among gainers, credit-checking ...
    2008-01-30 03:08:03

  • City National Bank to Lower Its Prime Interest Rate to 6.00 Percent - CNNMoney.com

    City National Bank to Lower Its Prime Interest Rate to 6.00 PercentCNNMoney.com - 42 minutes ago30, 2008 (PRIME NEWSWIRE) -- City National Bank today announced that it will lower its prime lending rate from 6.50 percent to 6.00 percent, ...
    2008-01-30 03:18:02

  • Hawaii banks cut prime rate following Fed's rate cut - Honolulu Advertiser

    Hawaii banks cut prime rate following Fed's rate cutHonolulu Advertiser, HI - 32 minutes agoThe Fed cut its target for short-term interest rates to 3 percent, the lowest since June 2005. The move, when combined with a dramatic three-quarter point ...
    2008-01-30 03:27:46

  • Fed Cuts Rate Again - WRCB-TV

    Fed Cuts Rate AgainWRCB-TV, TN - 31 minutes agoTraders were counting on the cut and the Federal Reserve delivered, slashing key interest rates again. It is the latest in a series of rate cuts aimed at ...
    2008-01-30 03:28:55

  • Economist on the world recession: Russia is “smooth water” - Regnum

    Economist on the world recession: Russia is “smooth water”Regnum, Russia - 29 minutes agoThe analyst believes that the mortgage crisis will be accompanied by recession and, according to him, by reducing of the interest rate and granting tax ...
    2008-01-30 03:30:17

  • Why is the capital market booming as economy flounders? - Business Day

    Why is the capital market booming as economy flounders?Business Day, Nigeria - 25 minutes ago... instigated by the US sub-prime mortgage crises is not rattling the Nigeria market. To be sure, despite relatively high economic growth rate that now ...
    2008-01-30 03:34:38

  • Neil Cavuto Sugarcoats Wall Street Worries, Literally - News Hounds

    Neil Cavuto Sugarcoats Wall Street Worries, LiterallyNews Hounds, CA - 23 minutes agoOn a day we saw banks quickly following suit, lowering their prime rate to 6%, Bank of America, all the major banks lowering that, so home equity loans got ...
    2008-01-30 03:36:38

  • US Fed cuts key interest rate to 3.0% - CCTV

    US Fed cuts key interest rate to 3.0%CCTV, China - 13 minutes agoThe prime rate responds to changes in the federal funds rate. By lowering interest rates, the Fed hopes that consumers and businesses are encouraged to ...
    2008-01-30 03:46:27

  • Podcast: Lee McPheters Checks the Vital Signs of the Economy - Knowledge@W. P. Carey (Subscription)

    Podcast: Lee McPheters Checks the Vital Signs of the EconomyKnowledge@W. P. Carey (Subscription), Tempe - 9 minutes agoOne would be monetary policy: interest rate, money supply changes, that sort of thing. The other would be fiscal policy: tax cuts, tax rebates as are being ...
    2008-01-30 03:50:29

  • Hard year ahead for Australia: Nelson - The Age

    Hard year ahead for Australia: NelsonThe Age, Australia - 9 minutes agoAustralia is in for a hard year due to rising interest rates, growing inflation and shaky world share markets, federal Opposition Leader Brendan Nelson says ...
    2008-01-30 03:50:31

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