10/23/2008 News For:
Commercial Mortgages Interest Rates
China Cuts Deposit Payments, Mortgage Rates on Homes (Update2) Oct. 22 -- China will lower down payment requirements and cut interest rates on mortgages for first-time home buyers from Oct. 27, boosting consumption as the global slowdown threatens the world's fastest-growing major economy.
China Cuts Deposit Payments, Mortgage Rates on Homes (Update1) Oct. 22 -- China will lower down payment requirements and cut interest rates on mortgages for first-time home buyers from next month, boosting consumption as the global slowdown threatens the world's fastest-growing major economy.
Rates on 30-year mortgages reach 8-week high Rates on 30-year mortgages jumped to the highest level in eight weeks, squeezing some potential home buyers out of the market, and reflecting how nervous lenders remain, despite the widespread global intervention in the credit markets. Freddie Mac reported...
NZ interest rates cut 1 percentage point The New Zealand Reserve Bank RB has slashed official interest rates an unprecedented 1 percentage point to 6.5 points, opening the way for cuts to mortgage rates but also highlighting the grim outlook facing the global economy.
Bollard slashes interest rates The Reserve Bank RB slashed official interest rates an unprecedented 1 percentage point to 6.5 points, opening the way for cuts to mortgage rates but also highlighting the grim outlook facing the global economy.
The case for choosing adjustable rate mortgages Borrowers generally hate adjustable rate mortgages, but this sentiment may be illogical, because ARMs often offer relatively low rates. After all, why would the average homeowner choose a high fixed interest rate for 30 years when he stays put for only seven...
MaineHousing forced to raise interest rates The state agency that provides lower-interest loans to first-time home buyers has been forced to raise its interest rates twice in recent weeks because of the upheaval on Wall Street, making it harder for some new buyers to qualify for mortgages.
Canada's banks lower prime lending rates Canadian banks cut their prime lending rates late on Tuesday afternoon in response to lower funding costs and the Bank of Canada's 25 basis point interest rate cut earlier in the day, giving customers a shot at lower rates on various loans.
Nationwide raises mortgage rates again There were further signs today that the recent interest rate cut will not lead to cheaper mortgages as the UK's biggest building society announced it was raising rates on its loans for the second time in just over a week. Nationwide building society said it would be adding between 0.24% and 0.6% to the cost of its tracker deals, which have an interest rate pegged to the Bank of ...
Rates fall on back of OCR cut Mortgage interest rates are already falling on the back of the Reserve Bank's decision to cut the Official Cash Rate by a full percentage point. Governor Allan Bollard has cut the Official Cash rate to 6.5%, a move that will give some relief for mortgage holders.
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