Mortgage and Financial News From 2007-11-6 Page 5

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  • Rents to climb after rate hike

    News.com.au - RENTS are tipped to rise on the back of another interest rate hike by a quarter of a percentage point, a property investment group says. The Reserve Bank of Australia has raised the official cash rate by a quarter of a percentage point to 6.75 per ...
    2007-11-06 03:16:00

  • Interest rate rise good news for savers

    News.com.au - ONLINE banking group ING Direct is raising the interest rates on its savings products, following the hike today by the central bank. Rates will rise on ING Direct's flagship Savings Maximiser product, its term deposits and business saving product ...
    2007-11-06 03:30:00

  • Bleak outlook for interest rate rises intact

    News.com.au - THE Reserve Bank of Australia's (RBA) decision to raise the overnight cash rate was right in line with market expectations and has left the bleak outlook for interest rates intact. The RBA cited underlying inflation "close to 3 per cent over the past ...
    2007-11-06 03:23:00

  • Commerce group says interest rate rise OK

    News.com.au - A KEY business group has backed the Reserve Bank's interest rate rise, despite saying it will cost the economy an $1.8 billion in the next year. Rising interest rates caused the community pain, but climbing inflation would deal an even larger blow ...
    2007-11-06 03:59:00

  • The rate rise that shocked Australians?

    News.com.au - AUSTRALIANS had become immune to interest rate rises - there have been so many in recent years - but the rate hike today may be the one that shocks debt-riddled Australians, analysts say. Australians have been confronted by 10 interest rate rises in ...
    2007-11-06 05:03:00

  • Australia raises key interest rate to curb inflation; hike could hurt ...

    CNBC - SYDNEY, Australia - The Reserve Bank of Australia lifted a key interest rate to an 11-year high of 6.75 percent Wednesday, a move analysts say could hurt Prime Minister John Howard's shot at re-election later this month. After meeting Tuesday, the ...
    2007-11-06 03:23:00

  • Property prices up despite rate rise

    News.com.au - THE interest rate hike in August failed to dampen the property market, with house prices surging 3.5 per cent in the September quarter to be 10.6 per cent higher than a year ago. Data out today from the Australian Bureau of Statistics (ABS) shows ...
    2007-11-06 05:32:00

  • Australia Raises Interest Rate to 6.75% on Inflation (Update1)

    Bloomberg - Nov. 7 (Bloomberg) -- Australia's central bank increased its benchmark interest rate a quarter percentage point to an 11-year high today to quell inflation sparked by an accelerating domestic economy and increases in fuel and food costs. Governor ...
    2007-11-06 03:44:00

  • Australian share market up despite rate rise

    News.com.au - SHARES continued to trade in the black at noon, despite today's interest rate rise. The share market followed a strong lead from the US overnight as oil prices rose to a record high of more than $US97 a barrel and gold hit a 27-year high. At 12.01PM ...
    2007-11-06 07:12:00

  • Howard says sorry for rate rise

    News.com.au - HOMEOWNERS have been slugged with another interest rate rise, the first-ever during an election campaign, pushing mortgage rates towards a 13-year high. The latest rise of 25 basis points takes official rates to 6.75 per cent and means variable ...
    2007-11-06 07:26:00

  • Rents tipped to rise after interest rate hike

    News.com.au - RENTS are tipped to rise on the back of today's interest rate hike, adding to the pain already felt by those on lower income who can't afford to buy a home. The Reserve Bank of Australia has raised the official cash rate by a quarter of a percentage ...
    2007-11-06 05:53:00

  • Howard, Costello apologise for Reserve Bank interest rate rise

    News.com.au - PRIME Minister John Howard and Treasurer Peter Costello have both apologised for today's interest rate rise - a hike that will add about $40-a-month to the average home mortgage. Mr Howard accepted the rise - the sixth since the 2004 election - would ...
    2007-11-06 06:00:00

  • The interest rate rise that shocked Australians?

    News.com.au - AUSTRALIANS had become immune to interest rate rises - there have been so many in recent years - but the rate hike today may be the one that shocks debt-riddled Australians, analysts say. Australians have been confronted by 10 interest rate rises in ...
    2007-11-06 05:53:00

  • Rate cuts' stock market mojo hasn't kicked in (USA Today)

    Interest rate cuts often act like booster shots to speed the recovery of a stock market in ill health. This fall, however, stocks have not been able to mount a sustained rally despite rate cuts by the nation's central bank.
    2007-11-06 05:55:02

  • Australian central bank hikes interest rate (AFP via Yahoo! News)

    Australia's central bank raised interest rates 0.25 points to an 11-year high of 6.75 percent Wednesday in a move expected to hurt Prime Minister John Howard's re-election hopes.
    2007-11-06 06:27:41

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