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Auto lenders set to revise interest rates (Express India)
Leading auto financiers are set to revise interest rates on auto loans, following the reduction in cash reserve ratio, repo rate and reverse repo rate by the Reserve Bank of India on January 2.
Jumbo mortgage loan rates put damper on refinancing (Boston Globe)
While plunging mortgage rates have spawned a frenzy of refinancing, borrowers with larger, so-called jumbo loans are still seeing interest rates in the 7 percent range, prompting many to abandon refinancing plans altogether or resort to creative transactions.
Home loan rates (rediff.com)
It's a good time for those planning to avail of a home loan. Home loan rates have come down and new slabs have been introduced to make it easier for people to buy the house of their dreams.
Minister's U-turn on interest charges for social fund after 'loan sharks' jib...
The government was yesterday forced to perform a rapid U-turn over plans to charge high-street levels of interest on loans to some of the poorest people in Britain who rely on a social fund when they experience financial difficulties. Hours after the government was accused of acting like "loan sharks", the welfare minister, Kitty Ussher, took to the airwaves to deny that interest charges of ...
Grants better than loan shark-style government (Guardian Unlimited)
This weekend the Department for Work and Pensions proposed applying store card interest rates to social fund loans . After cross party outrage, this mean-spirited suggestion was followed by a red-faced, whip-smart reversal, with spokespeople rigorously denying this was ever the plan. There's one good thing about this fiasco: it's bought the iniquitous social fund back into the spotlight. ...
As Interest Rates Drop, Interest in Refinancing Jumps (WFMY News 2 Greensboro)
Mortgage consultants say a growing number of people want to take advantage of lower interest rates.
Chinese banks expand house loan preferences to cut debtor burden (People's Da...
Major Chinese lenders are expanding a preferential policy on house loan interests to cut the burden of the country's home buyers hit by the spreading financial crisis. For individuals who bought houses on mortgage lending before Oct. 27, 2008 and have not paid off the loans, their credit interest rates could be reduced to 70 percent of the benchmark rate from the previous 85 percent, customer ...
Asian Stocks Rise an 8th Day on Public Spending, Interest Rates (Bloomberg)
Jan. 5 (Bloomberg) -- Asian stocks rose for an eighth day, pushing the benchmark index to its longest streak of gains since 2004, on optimism government spending and lower interest rates will alleviate the global recession.
Fed Focuses on Consumer, Corporate Loan Rate Spreads (Update1) (Bloomberg)
Jan. 6 (Bloomberg) -- Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to revive lending.
Government U-turn on plans to charge interest on loans to poorer families (Gu...
The government was today forced into a U-turn after coming under fire over plans to charge interest on loans offered to some of Britain's poorest families to help them through household financial crises. The work and pensions minister, Kitty Ussher, denied reports the government was considering interest rates of up to 27% on payments handed out to meet the cost of essentials like cookers ...
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