SUSAN TOMPOR: Low interest rates begin to fade away
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Ok, so most consumer prices barely budged in August. Inflation is far from a threat now. And things, especially in Michigan, aren&#39;t exactly smoking.
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Interest rates on short-term Treasury bills fell in yesterday's auction with rates on six-month bills dropping to their lowest in three weeks.
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Interest rates on U.S. 30- and  15-year mortgages fell this week to their lowest levels since  early April as the housing market showed little sign of slowing  despite the Federal Reserve's move to raise interest rates,  mortgage finance company Freddie Mac said on Thursday.
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At a time when the nation's savings rate is abysmal, the Treasury Department's Bureau of the Public Debt has decided to lower the annual amount of U.S. savings bonds that an individual can purchase in paper and electronic form.
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Concern about interest rate hikes, the drop in new home construction, and tighter business inventories contributed to the decline.
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The Federal Reserve Board&#39;s quarter-point increase Tuesday in its key short-term interest rate is welcome news to savers who have seen their returns shrivel in recent years.
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The global pendulum has swung toward higher interest rates but the move to costlier credit worldwide is proving less than smooth, and it looks as if cheap money will remain readily available for much of 2005.
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After a shallow, one-week dip, mortgage rates have risen to just about where they were two weeks ago. Rates are still low. The question is whether they are low enough to keep the housing market hot.
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The rate of inflation has slowed in August, leading economists to predict that the Bank of England may soon look to cut interest rates.
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Interest rates on U.S. 30- and 15-year mortgages fell this week to their lowest levels since early April as the housing market showed little sign of slowing despite the Federal Reserve's move to raise interest rates, mortgage finance company Freddie Mac said on Thursday.
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Business & money: Â· US economy cools with housing market problemsÂ· Bank rates expected to go in opposite directions
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U.S. consumers will see rates on certificates of deposit and other savings accounts head lower amid worry the economy might enter a recession, and as competition for customers ebbs in the wake of the pending sale of Countrywide Financial Corp.
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Interest rates have been kept at 4.75% amid signs that five rises over the last year had finally put the brakes on house prices and consumer spending.
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WASHINGTON -- Rates on 30-year and 15-year mortgages fell this week to the lowest levels seen in six months, good news for people wanting to buy a home or refinance.
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Business & money: Credit crunch and housing woes blamed for gloom as businesses begin lobbying for interest rate cut
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SAVERS in Abbey's Instant Access Isa should switch out of the account  or they will see their interest rate drop by as much as 1.05pc. On July 1 this account 'converts' into the lowerpaying Easy Isa.
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Interest rates on short-term Treasury bills fell in yesterday's auction to the lowest levels since June.