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12/25/2008 News For: Allstate Fix Annuity RatesRefinance 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. IRDA expects 10% drop in policy rates of pension, annuity plans Hyderabad, Dec. 19 The Insurance Regulatory and Development Authority IRDA expects a 10 per cent drop in the policy rates of ?other than pure term? products such as pension, annuity and health insurance over the next couple of months. Holiday Home Loan Rates It`s a Christmas present to homeowners and those considering buying a place of their own...historically low interest rates for home loans. "If anyone needs to buy a home or sell a home, god there`s no better time to do it then now," says Jan Hoge, a broker for Alliance Real Estate. Polish Central Bank Cuts Key Interest Rates By 75bp Polish Central Bank Cuts Key Interest Rates By 75bp 3-month euro interbank rates fall The cost of three-month euro loans between banks fell Wednesday amid expectations the European Central Bank would cut rates in the new year. U.S. mortgage rates drop to lowest in 37 yrs NEW YORK, Dec 24 Reuters - Interest rates on U.S. 30-year fixed-rate mortgages dropped for an eighth consecutive week, reaching their lowest level in 37 years, according to a survey released on Wednesday by home funding company Freddie Mac. Interest rates are down, so should you refinance? KUSA - As interest rates fall to historic lows, mortgage brokers are seeing a surge in the number of people who want to refinance. China cuts interest rates The People's Bank of China has cut loan and deposit rates by 27 basis points bp each, the fifth cut since September as the central bank tries to stimulate the economy. Bank of Japan Gets Aggressive, Vehicle Production Sees Record Drop The Bank of Japan is looking past interest rates at aggressive new measures to boost companies? access to credit according to the minutes from November?s policy meeting. Japanese vehicle production fell 20% in the year to November, the most in at least 10 years. Indian swap rates steady, rate cut hopes persist MUMBAI, Dec 23 Reuters - Indian overnight indexed swap rates were steady on Tuesday, with traders expecting the central bank to lower interest rates further to bolster a slowing economy. |