Borrowing costs are expected to drop
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Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
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The Federal Reserve is expected to lower interest rates on Wednesday as part of an ongoing aggressive effort to spare the economy from the worst effects of a deep housing slump and credit crunch.
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The Federal Reserve is likely to cut an important interest rate this week, a move designed to help the economy get through the  a painful housing slump and credit crunch
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Interest rates on short-term Treasury bills fell in yesterday's auction with rates on three-month bills dropping to the lowest level in more than a year.
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NEW YORK/LONDON  - Higher interest rates in Europe and growing uncertainty over the cost of borrowing in the United States could slow down parts of the global mergers and acquisitions boom, experts say.
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Mortgage lending has declined by a quarter since last year, according to new figures, providing further evidence of a slowdown in the housing market.
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There was a sharp slowdown in mortgage lending last month, says the Council of Mortgage Lenders.
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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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Welcome to the dawn of a new credit cycle, with tighter bank lending, rising costs for riskier borrowers and a slowing economy.
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Mortgage lending has fallen for two successive months for the first time in four years, reinforcing observations of a weakening property market.
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Interest rates on short-term Treasury bills fell in auction yesterday to the lowest levels in two weeks.
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Average interest rates for U.S.  mortgages dropped for the fourth week in a row, to levels not  seen since the beginning of the year, according to a survey  released by finance company Freddie Mac  on Thursday.
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The Bank of England has left its key lending rate at 4.75 percent for the fourth month in a row, but analysts are split over whether borrowing costs will go up again next year.
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Business & money: Sixth successive month of price falls, and mortgage lending at two-year low despite rate cuts
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The Bank of England looks set to cut UK interest rates amid signs of a slowing economy, analysts say.
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Research firm says it expects average price to drop from $966 last year to $775 this year.