Mortgages Interest Rates

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11/18/2008 News For:

Mortgages Interest Rates

Changes to push interest rates higher may make SBA lending profitable  The Small Business Administration hopes to encourage lenders to resume making 7a business loans by letting them charge higher interest rates to borrowers.

Why banks are boosting credit card interest rates and fees  In recent years, banks have sharply raised interest rates and penalty fees on credit cards. As the economy tanks and banks' mortgage-related losses balloon, some banks are stepping up such increases to boost revenue. Bearing the brunt are consumers for whom a jump in rates and fees can make it tougher to pay their bills at a time when household budgets already are being stretched.

(AFX UK Focus) 2008-11-17 08:40 Vietnam Money-Interest rates ease, dong stabilises  HANOI, Nov 17 Reuters - Vietnamese banks cut their dong lending rates further on Monday after a central bank rate cut earlier this month, while the dollar/dong exchange rate stabilised, bankers said. Vietnam's four largest banks lowered their overnight dong loans to between 8 and 10 percent on the interbank market, against a fixing of 9.16 percent a week ago, Reuters data showed. Vietcombank, ...

SBA allowing lenders to charge higher rates on 7(a) loans  The Small Business Administration hopes to encourage lenders to resume making 7a business loans by letting them charge higher interest rates.

Interest rates slip for U.S. mortgages  WASHINGTON ? Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets.

Mortgage rates drop for second week  Mortgage rates dropped for a second straight week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac reported Thursday that rates on 30-year fixed-rate mortgages averaged 6.14 percent last week, down from 6.2 percent the...

Graciela Chichilnisky: It's the Mortgages: How to Restore the Health and Stability of the Economy  The true root cause of the financial crisis starts with the continued defaults on mortgages that magnify and snowball throughout the entire financial system.

Mortgage applications rise as interest rates drop: MBA   U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest rates, an industry group said on Thursday.

Asian Money Rates May Rise as Slowdown Concern Chokes Lending  Nov. 18 -- Money rates may advance in Asia as a European Central Bank council member said credit-market tensions persist and India's ICICI Bank Ltd. slashed loan plans, adding to concerns a deepening world economic slowdown is drying up credit.

Delight for some with interest-free mortgages  Some homeowners could be enjoying an interest-free mortgage next year if interest rates continue to fall steeply, it was disclosed this week. 14/11/2008 23:00:24