As we've previously covered at HULIQ, mortgage rates are approaching all-time lows. According to the Mortgage Bankers Association, an industry group, this has fueled huge demand in terms of mortage applications.

The Federal Open Market committee cut the minimum interest rates that banks can charge one another for making loans by 0.75 percent, driving rates down to 3.5 percent. The emergency rate cut came a week before the next scheduled meeting on January 30th 2008.

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Treasury yields soared to a new 5-year high Wednesday, surpassing the Federal Reserve's benchmark rate of 5.25 percent, prompted by fears of higher interest rates amid strong global economic growth, reported CNN.

Nicholas Ferguson, one of the most important figures in UK private equity business, has criticized rules on capital gains tax that allow executives at private equity firms and some hedge funds to enjoy tax rates as low as 10 percent. This abnormal matter of facts was attacked also by a recent trade's union campaign against buy-out firms.