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| Lower fixed rates tempt homeowners Borrowers looking to remortgage to a fixed deal have been given a boost as a host of lenders have lowered their interest rates in the past week. Britannia, Halifax, Nationwide and Abbey have been among the major high street lenders to cut the price of their two-year fixed rate mortgage deals, prompting a surge of interest from homeowners. Micro finance institutions increase lending rates After commercial banks, it's the turn of micro finance institutions MFIs, to increase their lending rates. Bank rates Major Michigan financial institutions were surveyed last week to determine the interest rates they charge for loans, and APYs they pay for savings deposits. Rates were quoted as of Friday. Banks will have to cut rates - Swan AUSTRALIAN banks will have no excuse not to follow Wizard Home Loans' lead and cut their interest rates if conditions continue, Treasurer Wayne Swan says. Bank of Canada could decide to cut rates following Q2 economic growth TORONTO - Canadians could be in for even lower interest rates this week when the Bank of Canada makes its next scheduled policy announcement on Wednesday. Nation waits on rates cut MORE than a third of Australians buying their own houses wait in hope the Reserve Bank will cut interest rates tomorrow. Why haven't mortgage rates dropped this year? The Federal Reserve began to slash short-term interest rates almost a year ago. Yet we have higher mortgage rates now than we had then. What gives? Home loan rates cut - at last TREASURER Wayne Swan has welcomed Wizard Home Loans' mortgage rate cut, and says other banks must do the same. How the rates stack up WITH the Reserve Bank expected to start cutting rates on Tuesday, the pressure is on the major banks to follow suit. No cut in interest rates likely this week, say experts ECONOMISTS are warning not to expect a cut in interest rates before November despite Monetary Policy Committee member David Blanchflower raising hopes that he will push for a |