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10/12/2008 News For:
Mortgage Rate Quote Uk
Britannia passes on 0.5% rate cut
Britannia has became the first building society to pass on this week's 0.5% rate cut to its mortgage customers. The lender, which is the UK's second biggest building society with 250,000 borrowers, said it will cut its Standard Variable Rate SVR by half a point from November 1.
Banks withdraw mortgages after 0.5% rate cut
UK house prices fell at their sharpest annual rate in at least 25 years in September, as some mortgage lenders were yesterday preparing to withdraw a number of their most competitive deals from the market in response to the central interest rate cut.
Banks move to trim prime rate further after Ottawa offers mortgage relief
TORONTO - Canada's big banks are passing on more rate cuts to consumers after credit markets freed up Friday in the wake of federal government help for the mortgage industry.
30-year mortgage rates dip below 6 percent
Rates on 30-year mortgages fell below 6 percent last week, recording the first decline in three weeks. Freddie Mac, the mortgage company, reported that 30-year fixed-rate mortgages averaged 5.94 percent last week, down from 6.10 percent the previous week. It...
Banks trim prime rate as Ottawa offers mortgage relief
Canada's big banks are lowering their prime lending rates in response to an announcement Friday that the federal government will buy $25 billion worth of mortgage debt to help free up credit markets.
Mortgage rates tipped to stay high
The Reserve Bank of New Zealand is tipped to cut the official cash rate this month, but mortgage holders and first home buyers are warned not to expect lower interest rates yet.
Americans Like McCain Mortgage Solution
Angus Reid Global Monitor - Many adults in the United States support an idea proposed by Republican presidential nominee John McCain to deal with the mortgage crisis, according to a poll by Rasmussen Reports. 52 per cent of respondents favour a plan where the government would buy unaffordable mortgages directly from mortgage servicers and renegotiate manageable fixed-rate mortgages with the ...
Think before acting on Westpac rate cuts: Choice
Consumer group Choice has welcomed a cut to fixed rate home loans by the Westpac Bank, but says customers need to weigh up their options before making changes.
UK News
UK house prices have fallen at a record rate during the year to the end of September, according to Britain's biggest mortgage lender. The Halifax attributed the fall - which has seen house prices los..
Iceland: UK damaged our banks
The UK and Icelandic governments fail to reach a deal over safeguarding customers' deposits. John Sparks reports.
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