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  • CNBC's Domm: Today's Agenda in the Markets Wednesday, 1 Aug 2007 | 8:58 AM ET

    A selling wave in global stock markets is sweeping futures lower this morning as subprime and credit woes once more rise to the surface. A new disclosure about a third troubled hedge fund at Bear Stearns is rattling investors.

  • So it’s only a few hours after I blogged about C-Bass and American Home Mortgage is providing a crystal ball. Shares of AHM are down 87% after the company said it just can’ fund all those home loans and may have to liquidate its assets. It’s the margin calls, same as C-Bass.

  • Subprimes, C-Bass And My Serious Concerns Tuesday, 31 Jul 2007 | 1:45 PM ET

    What’s the worst business to be in nowadays? No, not Lindsay Lohan’s PR agent. Try a company that buys troubled subprime mortgages, improves collection rates and then sells them at a profit as packages of debt to hungry investors. That might have been a fun business last year; not so much this year.

  • CNBC's Domm: Today's Agenda in the Markets Tuesday, 31 Jul 2007 | 8:52 AM ET

    Stocks are ready to spring higher on the opening as economic data, earnings and some merger news gets investor attention this morning. GM's better-than-expected earnings report is adding a positive tone.

  • Mortgage Loans: Why Isn't Credit Even Tighter? Monday, 30 Jul 2007 | 2:02 PM ET

    I was looking for some information this morning on just how much more it will cost you to get a loan today than it did just a year ago today, and I came upon a survey from the Federal Reserve that is really indicative of just how much the playing field has changed. For several decades the Fed has been doing a Loan Officer Survey, asking a slew of senior bank guys if they’re tightening their standards on residential mortgages.

  • CNBC's Domm: Today's Agenda in the Markets Monday, 30 Jul 2007 | 8:55 AM ET

    Futures are perking up this morning and are setting stocks up for a firmer opening. Traders are turning their attention to earnings and some percolating merger news, and there's a calm on Wall Street after Friday's late day, mad dash down-hill ride for stocks.

  • House of Cards: Housing Levels The Street Friday, 27 Jul 2007 | 4:20 PM ET

    Bad news in the housing market this week was enough to rock the stock market right off its foundations.  Existing home sales, new home sales, homebuilder earnings reports, no one expected them to be bright, but the numbers cast a heavy shadow on any optimism for a quick recovery in housing.

  • I have to say that given the earnings of the major public homebuilders that I’ve been reporting all week, Hovnanian CEO Ara Hovnanian’s comments on CNBC this morning made me wonder if his rose-colored glasses weren’t perhaps impairing his vision entirely. No offense at all to the CEO, who, I’m happy to say, is one of very few of his ilk right now that will actually agree to go on TV and speak his mind. The rest have been turning down our requests, several even telling me that I personally make them look foolish.

  • Home Builder CEOs: Truth In The Telling And It's Not Good Thursday, 26 Jul 2007 | 10:13 AM ET

    How are some home builder CEOs reacting to the current housing market? Donald R. Horton, CEO D.R. Horton: “Market conditions in the homebuilding industry continue to be challenging as inventory levels of both new and existing homes remain at historically high levels. Increased use of sales incentives continues to put pressure on profit margins. In addition, home price appreciation over the past few years, higher interest rates and tightened credit standards in the mortgage industry are all negatively impacting affordability.” 

  • CNBC's Domm: Today's Agenda in the Markets Thursday, 26 Jul 2007 | 9:06 AM ET

    Credit worries and bad news from home builders trumped any positives from the stream of earnings being reported this morning. Wall Street is set up for a steep drop on the opening and the talk in the market focuses on whether the takeover boom is ending.

  • New Zealand's central bank raised interest rates by a quarter of a point to 8.25% on Thursday, as expected, but said it did not expect to raise them further as it saw signs of an easing in domestic borrowing. 

  • The high-yield corporate bond market has gone through "a dramatic earthquake" in the past six weeks because of surging interest rates, Pimco founder and chief investment officer Bill Gross told CNBC.

  • Existing Home Sales: Numbers Put Realtors On Defensive Wednesday, 25 Jul 2007 | 1:42 PM ET

    So there I was at the National Association of Realtors headquarters this morning, ready for the usual press conference on the monthly existing home sales numbers, but before the 'spiel' and the charts, the PR team passed out two interesting papers: “Fact Sheet” they each blared across the top in bold print.

  • CNBC's Domm: Today's Agenda in the Markets Wednesday, 25 Jul 2007 | 8:45 AM ET

    Strong earnings news is helping push credit market fears back into the shadows this morning, and stocks are poised to spring higher at the opening. Some Asian markets sold off after yesterday's bad day on Wall Street and Europe is mostly lower.

  • Countrywide CEO On Housing: Difficult Times Ahead Tuesday, 24 Jul 2007 | 1:56 PM ET
    Angelo Mozilo

    The CEO of the nation’s largest lender says, “We expect difficult housing and mortgage market conditions to persist.” That as Countrywide Financial disappoints the street and lowers its forecast for the rest of the year, the second time it’s done that in as many quarters. “Credit quality in the bank deteriorated sharply,” Morgan Stanley analyst Kenneth Posner writes in his note on Countrywide today.

  • CNBC's Domm: Today's Agenda in the Markets Tuesday, 24 Jul 2007 | 8:53 AM ET

    Wall Street is heading for a lower opening as some weak earnings and credit market jitters outweigh positive profit reports from companies like Pepsico and Lockheed-Martin. European markets are moving lower after overnight gains in Tokyo and Hong Kong shares.

  • Business More Upbeat On Economy, NABE Survey Shows Monday, 23 Jul 2007 | 10:50 AM ET

    After a first quarter swoon, business is more upbeat about the current quarter and the rest of the year--especially when it comes to hiring, profits and productivity, the latest survey by the National Association for Business Economics shows.

  • CNBC's Domm: Today's Agenda in the Markets Monday, 23 Jul 2007 | 8:47 AM ET

    A swirl of merger activity and blow-away earnings from Dow component Merck are positives for stocks ahead of the opening. European markets are mostly higher and Asia was mixed overnight.

  • Many lawmakers, along with advocates for low-wage workers, are celebrating the first increase in the federal minimum wage in a decade. Yet many acknowledge that raising it from $5.15 an hour to $5.85 will provide only meager help for some of the lowest paid workers.

  • Woe Is Housing: Hurt's On Homebuilders Friday, 20 Jul 2007 | 2:59 PM ET

    Even fed Chairman Ben Bernanke says the slump is worse than originally thought.