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Fixed Rate Mortgage - News Articles
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Wednesday, October 22, 2008
Fair Investment Company, UK -
Abbey has become the latest bank to pass on some of the recent base rate cut of 0.5 per cent by cutting its 3 year fixed mortgage rate by 0.15 per cent. The changes will take effect from today and will apply to Abbey's 70 per cent LTV three year ... -
Thursday, October 23, 2008
MoneyExpert, UK -
Research conducted by the lender prompted it to take the action, as it suggested that fixed-rate deals are growing in popularity. In the survey, 56 per cent of homeowners said they would opt for a fixed-rate mortgage and 23 per cent stated that a ... -
Thursday, October 23, 2008
MarketWatch -
The average conforming 30-year fixed mortgage rate plunged to 6.32% from 6.74% a week ago, while the average 15-year fixed mortgage rate tumbled to 5.93% from 6.40% a week earlier. Adjustable mortgage rates slipped, with the average 5/1 ARM declining to 6.49% from 6.61%. ... -
Wednesday, October 22, 2008
WalesOnline, United Kingdom -
The cost of fixed-rate mortgages looks set to fall, with two lenders announcing they were cutting their rates. Royal Bank of Scotland, which includes NatWest, is reducing a number of its fixed-rate loans by between 0.35% and 0.6%, while Abbey is shaving 0.15% ... -
Thursday, October 23, 2008
Xinhua, China -
WELLINGTON, Oct. 23 (Xinhua) -- New Zeland's Reserve Bank does not expect the New Zealand economy to come out of recession soon. New Zealand's central bank ... -
Thursday, October 23, 2008
Reuters -
By Keith Weir LONDON (Reuters) - New Zealand and Sweden cut interest rates on Thursday in response to the financial crisis and weak Japanese exports added ... -
Thursday, October 23, 2008
Sydney Morning Herald, Australia -
NEW ZEALAND'S central bank yesterday cut its benchmark interest rate by a record 1 percentage point to 6.5 per cent and foreshadowed further reductions to limit damage from the worldwide financial crisis and a slump in the global economy. "Economic activity will ... -
Wednesday, October 22, 2008
Bloomberg -
``I have a strong bias toward fixed-rate loans, unless homebuyers take a medium-term adjustable-rate mortgage with very low margins and caps,'' said Stern of Morningside Mortgage Corp. ... -
Oct 20, 2008
Globe and Mail, Canada -
It's getting cheaper and easier for Canada's banks to borrow money as global credit market pressures begin to ease up, raising the odds that lenders will match an expected cut in the country's benchmark lending rate today by the Bank of Canada. ... -
Oct 21, 2008
CTV.ca, Canada -
The Bank of Canada is expected to cut interest rates Tuesday morning to the lowest level in four years. Earlier this month, the central bank slashed its key lending rate to 2.5 per cent, one of many central banks making the move around the world. ...
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Oct 21, 2008
CTV.ca, Canada -
The Bank of Canada cut interest rates Tuesday morning by one-quarter of a percentage point to 2.25 per cent. Earlier this month, the central bank slashed its key lending rate to 2.5 per cent, one of many central banks making the move around the world. ... -
Oct 21, 2008
CBC.ca, Canada -
The Bank of Canada moved to cut interest rates again on Tuesday, citing the global financial crisis and economic worries. The central bank cut the target for the overnight rate — the rate Canadian banks charge each other for overnight loans — by one-quarter of ... -
Oct 21, 2008
Canada.com, Canada -
OTTAWA - The Bank of Canada cut its key lending rate by a quarter point to 2.25 per cent on Tuesday amid growing signs of a global economic recession and ... -
Oct 21, 2008
International Herald Tribune, France -
AP TORONTO: Canada's central bank has cut its trendsetting interest rate by a quarter-point to 2.25 percent. The move Tuesday follows an unscheduled ... -
Oct 21, 2008
Canada.com, Canada -
OTTAWA - The Bank of Canada cut its benchmark-lending rate Tuesday by a quarter point, citing an "uncertain" outlook for growth and inflation that poses "significant risks" to the economy. Furthermore, it indicated that another reduction "will likely" be in the offing. As ... -
Oct 21, 2008
Globe and Mail, Canada -
If you haven't read the Bank of Canada's statement, which accompanied its decision to cut its key interest rate by a quarter of a percentage point on Tuesday, there are some interesting tidbits in there that suggest governor Mark Carney is upbeat about the prognosis for ... -
Oct 21, 2008
AFP -
OTTAWA (AFP) — The Bank of Canada announced a quarter-point cut to its key interest rate on Tuesday, bringing it to 2.25 percent in a bid to stimulate the sluggish economy. The central bank had joined in a half-point coordinated rate cut by the Federal Reserve, the ... -
Oct 21, 2008
The Associated Press -
TORONTO (AP) — Canada's central bank cut its key interest rate by a quarter-point on Tuesday, saying Canada needs the stimulus to ward off the effects of a United States already in recession and a global economy heading there. The cut to 2.25 percent Tuesday follows ... -
Oct 21, 2008
Financial Post, Canada -
The Bank of Canada cut its overnight interest rate target 25 basis points to 2.25%, citing three reasons: severe strains in financial markets will induce the global banking sector to continue to reduce leverage, restraining growth for some time; the global economy appears to ... -
Oct 21, 2008
Globe and Mail, Canada -
OTTAWA — Interest rate cuts in times of trouble are normally meant to stimulate the economy and boost flagging confidence at the same time. But Tuesday's quarter-point reduction by the Bank of Canada was greeted with trepidation. “Although its remarkably ...
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