GO
Loading...

Interest Rates

More

  • The combined punch of subprime mortgage defaults and heavy debt remains the biggest risk to the health of the U.S. economy, a panel of business economists said Monday.

  • Andrew Cuomo

    As you know, I was out sick all last week, so I have a lot of pent up "bloggage." This morning NY Attorney General Andrew Cuomo announced a deal with Fannie and Freddie and OFHEO to change the way the whole appraisal system works. No question, this is a good thing

  • Fannie And Freddie And Fixing What's Broke Monday, 3 Mar 2008 | 11:04 AM ET
    Fixing Whats Broken

    On Saturday morning, when most of us where headed off to soccer or gymnastics or the hardware store, Fannie Mae and Freddie Mac were officially getting their portfolio caps lifted. Fabulous, right? Exactly what they’d been pushing for, as the government-inspired, if not actually backed, entities are seen as sort-of saviors of the mortgage market.

  • Japan's government may be forced by opposition lawmakers to change its candidate to head the central bank, with former Deputy Governor Yutaka Yamaguchi a possible alternative, local media reported on Sunday.

  • Paulson Slams Mortgage Relief Plans Friday, 29 Feb 2008 | 1:45 PM ET
    United States Treasury Secretary Henry Paulson

    Plans for sweeping federal programs that would aid troubled mortgage borrowers would bring unfair relief to speculators and reward investors who made bad bets, U.S. Treasury Secretary Henry Paulson said Thursday.

  • European Stocks to Tread Water, Watch ECB Friday, 29 Feb 2008 | 12:28 PM ET

    The European Central Bank’s outlook on interest rates will dominate the European stock markets next week, when trading is likely to drift in light volumes ahead of Thursday’s big announcement, traders told CNBC.com.

  • Today I have the first television interview with Jeff Greene, a Beverly Hills real estate mogul who single-handedly shorted subprime. His $50 million investment is up tenfold, to $500,000,000. He is apparently the first individual investor to do such a trade.

  • Chances of Aggressive Fed Cut in March Jump Friday, 29 Feb 2008 | 8:23 AM ET

    The chance of an aggressive 75 basis points cut in the Federal Reserve's benchmark interest rate shot up to 62 percent on Friday, as U.S. equity futures pointed to a lower open and Treasury prices surged.

  • Euro Zone Sentiment Falls, Jan. Inflation Confirmed Friday, 29 Feb 2008 | 7:49 AM ET

    Euro zone economic sentiment fell more than expected in February to its lowest in over two years, highlighting risks to growth and boosting the chances of an ECB rate cut, despite a confirmed surge in January inflation.

  • California Suburb Vallejo Faces Bankruptcy Thursday, 28 Feb 2008 | 11:37 AM ET

    A Bay Area suburb grappling with declining revenue and ballooning employee expenses may become the first city in the state to declare bankruptcy.

  • Fed Chairman: Some Small US Banks May Go Under Thursday, 28 Feb 2008 | 11:26 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed Chairman Bernanke said some small U.S. banks might go under during the current housing market problems, but the U.S. bank system overall remained solid.

  • US Distressed Debt Level Highest Since 2003: S&P Thursday, 28 Feb 2008 | 10:58 AM ET

    The portion of U.S. junk bonds trading at distressed levels rose to 16.9 percent in February, up from 11.1 percent in January in a sign that defaults are headed higher, Standard & Poor's said on Wednesday.

  • French Consumer Morale Lowest in More than 20 Years Thursday, 28 Feb 2008 | 4:41 AM ET

    French consumer confidence fell to its lowest in more than two decades in February as accelerating inflation made households less inclined to make big-ticket purchases, national statistics office INSEE said on Thursday.

  • Reader Poll: Will Lower Interest Rates Solve The Problem Wednesday, 27 Feb 2008 | 12:52 PM ET

    Federal Reserve Chairman Ben Bernanke said the U.S. central bank will act as needed to ensure beleaguered housing and credit markets do not further undermine an already sluggish economy...

  • Bernanke Signals Rate Cut, Gives Sluggish Outlook Wednesday, 27 Feb 2008 | 12:40 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed Chairman Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal that interest rates will again be lowered.

  • ECB's Weber Says Market Bet on Rate Cuts is Wrong Wednesday, 27 Feb 2008 | 12:39 PM ET

    Market expectations that the European Central Bank will cut interest rates fail to consider the dangers of higher inflation, ECB Governing Council member Axel Weber said on Wednesday.

  • Euro Stocks End Flat on Mixed US Outlook Wednesday, 27 Feb 2008 | 12:00 PM ET

    European stocks ended largely flat Wednesday, having pulled back from earlier losses, as negative U.S. economic data was counterbalanced by news that investment caps for two U.S. mortgage financiers would be lifted.

  • Mortgage Applications Fall to Lowest Level This Year Wednesday, 27 Feb 2008 | 11:25 AM ET

    Applications for U.S. home mortgages plunged to their lowest level this year, as rising long-term interest rates curbed incentives to refinance, an industry group's data showed on Wednesday.

  • Durable Goods Suffer Deeper Drop Than Expected Wednesday, 27 Feb 2008 | 11:18 AM ET

    New orders for long-lasting US-made manufactured goods fell by 5.3 percent in January, the biggest drop in five months and more than analysts expected.

  • Two Fed Governors Divided Over Inflation Threat Wednesday, 27 Feb 2008 | 11:00 AM ET
    Donald Kohn

    How serious is the risk of inflation? It depends on which Fed governor you ask.