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12/25/2008 News For: Allstate Fixed Rate AnnuitiesCharitable Annuity Safetynet Charitable gift annuities give you a steady return combined with a tax deduction. Here's how to pick one Freddie Mac: Mortgage Rates Hit 37-Year Low 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 Wednesday by home funding company Freddie Mac. HSBC sees interest rate cut of 50 more basis points Hongkong and Shanghai Banking Corp. expects the Bangko Sentral to trim its key policy rate by 50 basis points in the first half of 2009 due to a stable peso and easing inflation. Reserve Bank of India (RBI) fixes reference rate at Rupees 48.49 per US dollar Mumbai, Dec 23 : The Reserve Bank of India RBI today fixed the reference rate for US dollar at Rupees 48.49 per unit, up by Rupees 1.10 paise from its yesterday's rate of Rupees 47.39 per dollar. Go for floating-rate home loan Opting for or converting to a fixed rate loan when the interest rates are showing signs of easing don't look a great idea. (AFX UK Focus) 2008-12-25 11:59 Egypt's o/n interbank rate rises to 11.61 pct CAIRO, Dec 25 Reuters - The median overnight interbank rate on the Egyptian pound edged up to 11.61 percent on Thursday, compared to 11.560 percent on Wednesday in a quiet market, dealers said. UPDATE 1-US mortgage rates drop to lowest in 37 years NEW YORK, Dec 24 Reuters - Interest rates on U.S. 30-year fixed-rate mortgages dropped to their lowest level in 37 years this week, largely due to an unprecedented intervention by the Federal Reserve, according to a survey released on Wednesday by home funding company Freddie Mac. (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 Reserve Bank of India (RBI) fixes reference rate at Rupees 47.39 per US Dollar Mumbai, Dec 22 : The Reserve Bank of India RBI today fixed the reference rate for US dollar at Rupees 47.39 per unit, strengthened by 31 paise from its Friday's rate of Rupees 47.08 per dollar. Corporation Bank revises lending rate Mangalore headquartered Corporation Bank has announced a revision of its bench mark prime lending rate. The bank has cut the prime lending rate by 75 basis points to 12.50% per annum. |