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Latest Low Rate Loan news:Economy - Thursday
The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%.
Read more News Source - Investor's Business Daily via Yahoo! News
Publish date - 00:03:22 07/04/08
Asian Stocks Drop to 20-Month Low; Kansai, Bumiputra Decline
July 4 (Bloomberg) -- Asian stocks dropped on concern record oil and slowing growth will dent profits. The region's benchmark index slumped to an 20-month low, while Japan's Nikkei 225 Stock Average extended its longest losing streak in 54 years.
Read more News Source - Bloomberg.com
Publish date - 05:36:21 07/04/08
Indiana hopes low-interest loans will help farmers
Indiana will use $50 million in state funds to help farmers get low-interest loans — money they can use along with federal funds to restore their flood-damaged fields.
Read more News Source - AP via Yahoo! News
Publish date - 10:45:25 07/03/08
July 1 Brings Record-Setting Drop in Student Loan Interest Rates
Both new and current student loan borrowers of certain federal Stafford student loans saw two interest-rate drops go into effect yesterday that could save them significant amounts of money on these fixed- and variable-rate student loans.
Read more News Source - Marketwire via Yahoo! Finance
Publish date - 20:16:47 07/02/08
Nograles orders immediate resumption of House inquiry on firm’s foreclosure move
House Speaker Prospero Nograles ordered yesterday the immediate resumption of a House inquiry into a financing firm’s reported move to foreclose some 52,000 low-cost housing units in the country, saying he had been deceived by its officers into believing that homeowners will be allowed to keep their houses through a fair loan restructuring deal.
Read more News Source - Manila Bulletin
Publish date - 18:13:58 07/04/08
Assembly OKs $2 million loan to upgrade AWWU facilities
The Anchorage Assembly approved a $2.25 million loan from the Alaska Clean Water fund during its June 24 meeting. The money will pay for upgrades to the Eagle River Wastewater Treatment Facility and a pair of aging pump stations in the area.
Read more News Source - The Alaska Star
Publish date - 01:51:33 07/04/08
Warren owners get city loan
Wichita City Council members bailed out the ailing Old Town Warren Theatre on Tuesday, giving its owners a $6 million low-interest loan. In exchange, the Warren's six owners agreed to keep the theater open at least another decade. The unanimous decision was hotly contested by several Wichitans who blasted the council for using tax dollars for a business loan. But supporters say the loan ...
Read more News Source - The Wichita Eagle
Publish date - 06:51:35 07/02/08
Indiana hopes low-interest loans will help farmers
Indiana will use $50 million in state funds to help farmers get low-interest loans _ money they can use along with federal funds to restore their flood-damaged fields. The plan announced Wednesday would give banks incentives to provide the loans to farmers...
Read more News Source - San Francisco Chronicle
Publish date - 11:03:25 07/03/08
FHA filling a loan void
During the housing boom, the smorgasbord of zero-percent-down loans nearly rendered the Federal Housing Administration loan program irrelevant.
Read more News Source - Pioneer Press
Publish date - 05:05:57 07/03/08
Chinese Banks Projecting Bumper First Half
Beijing's policy of repeated monetary tightening has helped the major lenders increase their interest rate margins, but they face the challenge of expanding beyond traditional lending.
Read more News Source - Forbes
Publish date - 10:01:00 07/04/08
Indiana hopes low-interest loans will help farmers
Indiana will use $50 million in state funds to help farmers get low-interest loans - money they can use along with federal funds to restore their flood-damaged fields. The plan announced Wednesday would give banks incentives to provide the loans to farmers cleaning up from the June floods, which officials are calling one of the worst agriculture disasters in Indiana history. The program could ...
Read more News Source - Lexington Herald-Leader
Publish date - 10:49:38 07/03/08
Save By Consolidating Student Loans
If you're a recent college graduate, repaying your variable-rate student loans is about to become less expensive. The same is true for parents who borrowed to pay college bills.
Read more News Source - Investor's Business Daily via Yahoo! News
Publish date - 00:03:24 07/04/08
Fitch assigns bank loan ratings to Export-Import Bank of India
Fitch Ratings has assigned a 'AAA(ind)' National rating to Export-Import Bank of India (EXIM)'s INR44.2 billion bank term loans. The agency has also affirmed the bank's Long-term Issuer Default Rating
Read more News Source - Thaipr.net
Publish date - 02:26:00 07/04/08
Lenders face challenges as mortgage rates reset this summer
The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders to keep those people out of foreclosure and stabilize the housing market.
Read more News Source - Austin American-Statesman
Publish date - 23:54:49 07/04/08
Savings: The best places to keep your money safe – and beat inflation
The rising costs of food, petrol and heating have pushed inflation up past 4 per cent over the last few weeks, and for some of us – most notably the elderly – the cost of living has been rising at a much faster rate. Although the pressures of rising inflation are being felt firstly in consumers' wallets, another unfortunate side-effect of rising prices is that your savings also need to work ...
Read more News Source - Independent
Publish date - 23:16:00 07/04/08
Home loan approvals hit record low
The number of mortgages approved for house purchase hit a new record low during May suggesting the current housing market downturn is intensifying, figures have showed.
Read more News Source - Channel 4
Publish date - 16:38:53 06/30/08
New Home Loan Approvals Hit Record Low
The number of mortgages approved for people buying a house sunk to a new low in May, Bank of England figures show.
Read more News Source - SkyNews via Yahoo! UK & Ireland News
Publish date - 11:35:38 06/30/08
Personal Finance Daily: You may want to bail on your adjustable mortgage
The Federal Reserve has sent a pretty clear signal to the markets that it stands ready to push interest rates higher to fight inflation. If you are a homeowner with an adjustable-rate mortgage, you can pretty much interpret that as well as a signal to jump into a fixed-rate loan as quickly as you can.
Read more News Source - Market Watch
Publish date - 18:09:52 07/02/08
Hinojosa: Federal Student Loan Rates Drop
Interest cut to save typical student $2,570 over life of loan
Read more News Source - KRGV-TV Texas
Publish date - 13:59:09 07/02/08
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