Interest rates on home loans rise for even the safest borrowers A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default.
Australian Mortgage Bonds Offer World's Best Value, Pimco Says Aug. 25 -- Australia's mortgage-backed bonds are one of the most attractive buys ``on the planet,'' according to Rob Mead , head of Asia-Pacific credit at Pacific Investment Management Co. in Sydney.
GH Bank lifts fixed-rate credit lines as home prices increase The Government Housing Bank GH Bank has increased the maximum credit limit of its fixed-interest campaign for first-time borrowers from 600,000 baht to 1.5 million baht, in line with housing prices that have been pushed up by rising construction costs.
Credit card fees, interest rates under scrutiny Frank Chan said he had been a loyal Citibank cardholder for 20 years when he was told by a customer service agent that stopping a check payment would cost him $29.
Banks raise credit card finance charges to up to 50% When it comes to exorbitant interest rates, even the loan sharks -- the neighbourhood moneylenders -- can learn a few tricks from the banks which have raised the charges to as high as nearly 50 per cent per annum for their credit card customers in the past few days.
Banks cutting mortgage rates as money gets cheaper Major Czech mortgage providers have announced rate cuts by as much as 0.5 percentage points. The move comes two weeks after the central bank lowered its main repo rate. Komerční banka cut mortgage rates by 0.5 percentage points. Česká spořitelna will cut interest rates by 40 basis points from Monday.
Saler: Subprime mortgage trauma is similar to S&L crisis If you think the subprime mortgage horror show looks disturbingly familiar, it’s because you’ve probably seen this movie before. The last time the U.S. banking system hit the skids was in the late 1980s and early 1990s, when the savi...
Bernanke Focuses On Growth, Credit, Downplays Inflation Federal Reserve Chairman Ben Bernanke on Friday emphasized concerns about sluggish growth and troubled credit markets while saying inflation should cool, suggesting the central bank will keep interest rates steady for some time.
Fixed mortgage rates dip over past week Associated Press - August 21, 2008 11:33 AM ET MCLEAN, Va. - Mortgage interest rates have eased a bit over the past week. Finance giant Freddie Mac says the average for 30-year...
Bad Credit Loans Offer Viable Solution to the Widening Credit Crisis As the credit crisis widens to include all categories of finance, Bad Credit Loans from www.loansbadcredit.org.uk offer consumers a viable solution. PRWeb Aug 22, 2008 Read the full story at http://www.prweb.com/releases/2008/08/prweb1236484.htm
Mortgage Shop prepares to bridge the north-south divide A little more than a year ago Siobhan McAleer decided to launch her Mortgage Shop brokerage brand in the Republic of Ireland.
Idaho mulls state's share of subprime relief bill Idaho's share of federal cash meant to alleviate pain from the nation's subprime mortgage crisis could top $140 million, with the bulk going to provide funding for low- and moderate-income borrowers or to help rescue those whose interest rates from adjustable-rate mortgages have risen and exceed their budgets.
Reuters Business Summary Ex-BOE official says Fed rate cuts went too far NEW YORK - The Federal Reserve's decision to cut interest rates in response to the U.S. financial market crisis of the past year is a bad mistake that will lead to higher inflation, a former Bank of England official said on Saturday. In a paper presented at the Federal Reserve's annual conference in Jackson Hole, Wyoming, the ...
Fairinvestment.co.uk Reports Prepaid Credit Cards no Longer Just for Bad Credit Histories Fairinvestment.co.uk reports prepaid credit card market expected to rise £4.5billion by 2010 in light of the UK credit crunch. PRWeb Aug 24, 2008 Read the full story at http://www.prweb.com/releases/2008/08/prweb1239644.htm
RBI asks banks to display interest rates on notice board Mumbai, Aug 22 In order to improve the banking services and financial literacy in the country, the Reserve Bank today prescribed a comprehensive notice board format for bank branches to inform the customers about the interest rates, service charges and grievance redressal mechanism.
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