Tag Archives: percentage points

The Three-Year Mortgage Fix

From thisismoney.co.uk: The cost of three-year fixed rate mortgages has plunged – making them an increasingly popular choice for homebuyers. With fees on home loan deals rising – the cheapest are now around £1,000 – homeowners are opting for medium-term … Continue reading

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The Off-Set Mortgage

From the UK: I’m tempted to switch to an offset mortgage, but I’m worried that I’d have to pay a significantly higher rate compared to a regular deal. I have savings of £27,000′ KR, Cardiff By "offsetting" your savings against … Continue reading

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Australia’s Subprime Crisis Ending?

Here’s a report from down under: AUSTRALIA has weathered the worst of the financial storm sparked by the US sub-prime mortgage meltdown, a top central banker says. Assistant Reserve Bank governor Guy Debelle’s prediction is good news for borrowers slugged … Continue reading

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Adjustable Rate Mortgages

Mortgage consultant Peter Boutell writes that borrowers assume the risk when they take on an ARM. You’ve probably heard about balloon payments. If you haven’t paid off your loan by a certain date (after three to five years), you’ll have … Continue reading

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UK Interest Rates Not Falling Any Time Soon

So the UK Chancellor Alistair Darling met with the big lenders today and tried to talk them into lowering their interest rates. That ain’t happening soon. The banks see the country is headed for recession. That means more defaults on … Continue reading

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More Help For Jumbo Home Loans

The U.S. government has intervened massively again in the mortgage market. A couple of semi-private corporations are injecting billions into the credit world. Anything to right the mortgage ship. The Boston Globe reports: The nation’s two largest mortgage investors yesterday … Continue reading

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Will The Feds Buy Bad Mortgages?

Bloomberg reports that as lower interest rates aren’t doing enough to revive the economy, the Federal Reserve may buy troubled mortgage bonds from banks and securities firms. The Fed has cut rates by 3 percentage points since September. It also … Continue reading

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