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12/25/2008 News For: Allstate Fixed AnnuityMortgage Rates Lowest in 37 Years Mortgage rates continue to edge downward as the economy slides deeper into recession. Interest rates on 30-year fixed mortgages are now the lowest in 37 years, at five-point-one-four percent. Russian Reserves Jump $15.4 Billion in Week, Beating Estimates Dec. 25 -- Russia?s international reserves , the world?s third largest, rose 3.5 percent last week as euro gains bolstered the value of the stockpile, making up for the central bank?s losses defending the ruble. Vietnam Devalues Dong to Fight Slowdown, Help Exports (Update4) Dec. 25 -- Vietnam?s central bank devalued the dong by 3 percent to help exporters after the Southeast Asian economy expanded at the slowest pace in nine years and the trade deficit widened. Refi madness Falling interest rates are fueling a mortgage refinance frenzy as homeowners rush to reduce their housing payments. Vokoun flawless again in 3-0 victory over Predators With 27 saves, goalie gets 2nd shutout in a row The only team in the NHL that Tomas Vokoun had yet to beat was his former team ?Nashville. He fixed that Tuesday night, recording his second consecutive shutout as the Panthers beat the Predators 3-0 at BankAtlantic Center. Yuan, Taiwan Dollar Advance; Thai Baht Slips on Exports Concern Dec. 25 -- China?s yuan gained for a third day against the dollar on speculation the central bank won?t weaken the currency to boost the export-oriented economy. Taiwan?s currency advanced and the Thai baht fell. (AFX UK Focus) 2008-12-24 08:33 UPDATE 1-BoE offers unlimited dollars in 4-day repo LONDON, Dec 24 Reuters - The Bank of England said on Wednesday it would offer unlimited dollars in a 4-day fixed rate repo operation between 0845 and 0900 GMT. The bank said the bid rate for the operation would be 1.15 percent. The loans mature on Jan. 2, 2009. Keywords: BRITAIN BOE/DOLLARS BoE says offers unlimited dollars in 4-day repo LONDON, Dec 24 Reuters - The Bank of England said on Wednesday it would offer an unlimited amount of dollars in a 4-day fixed rate repo operation between 0845 and 0900 GMT. Refinance rates low; few qualify Recent drops in interest rates have homeowners rushing to call local banks and mortgage lenders about refinancing. Loan applications are pouring in. LIC Housing to launch reverse mortgage after insurance tie-up Home finance company, LIC Housing Finance LICHF, is awaiting the National Housing Bank's tie-up with insurance companies before launching its reverse mortgage scheme for senior citizens. |