Mortgage News 9/12/11 – Australia Rates Drop :: Applications Up
Posted on December 11th, 2011
Reserve of Bank of Australia Lowers Rates But Will Lenders Follow Suit?
On Tuesday evening the Reserve of Bank of Australia reduced the interest rate by 25 basis points. Although not as badly affected by the economic events of 2008 onwards and the current fun and games in Europe, Australia is still a moderate player in the global economy and events around the world effect it accordingly. The RBAs stance in lowering the rate reflects the challenging economic conditions in Australia and around the world.
The big question for mortgage holders in Australia will be whether the big four banks Australia and New Zealand Banking Group Ltd, Commonwealth Bank of Australia, Westpac Banking Corp, National Australia Bank Ltd follow the prompt and pass the decrease on to the customers.
Tags: Rates, Rates Drop
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Vacation spots team up with retailers for Black Friday
Posted on November 21st, 2011
Retail stores aren’t the only ones reaping the benefits from all those who come out for the sales on Black Friday. Many popular vacation spots have teamed up with local retailers to offer “shop and stay” packages for serious shoppers.
Eager sale-seekers can cash in on all the deals that Black Friday brings and then retire to their hotel room to catch up on some much needed rest and relaxation after the all-day shopping event.
If you’re looking to escape the cold weather for a few days while you do your holiday shopping, Florida has several shop and stay packages like this one, offered by Silver Sands Factory Stores:
This fall, give yourself a well-deserved break and soak up the gorgeous weather, wonderful accommodations and VIP shopping with the Sandestin Golf and Beach Resort “Girlfriend Getaway” package!
Starting at only $139 per person, per night you can enjoy deluxe accommodations, massages, pedicures and shop with a VIP at Silver Sands Factory Stores. As a Sandesti
Mortgage Rates: Low Mortgage Rates Holding Steady as Economic Data Improves
Posted on November 16th, 2011
Low mortgage rates are holding steady again today as economic data continues to improve. Reports showed that building permits were up 10.9% for the month of October which was better than expectations. Although housing starts fell slightly in October, the drop was less than anticipated. These reports, along with yesterdays increase in builders sentiment, are positive details for the housing and mortgage industry.
Low conforming fixed mortgage rates have been the most popular choice for borrowers because they provide set monthly mortgage payments for the life of the loan. Todays 30 year fixed mortgage interest rates are at 3.750%, 15 year fixed mortgage rates are at 3.125% and 5/1 ARM loan rates are at 2.500%. These low mortgage rates are available with 0.7 to 1% origination fee to borrowers who have a history of good credit. Steady, long term employment and documented assets are also necessary to receive lender approval. Read full post…
Tags: Data, Economic Data, Holding Steady, Low Mortgage Rates
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Save and Earn More with BestCashCow – Video Page
Posted on October 30th, 2011
Save and Earn More with BestCashCow
Welcome to BestCashCow. We’ve put together a site to help you save and earn more of your money. It’s one of the easiest ways you can put more money in your pocket.
Here are simple ways you can use the site to start saving and earning more.
- Check to make sure you are getting the highest rate on your savings, CD, checking, IRA account, and more. BestCashCow has the largest database of bank and credit union data. An average family of five can earn $500 more per year just by increasing the rate earned on its money by half a percentage point. We
Tags: Earn, Earn Bestcashcow
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Alternative Ways To Get On The Housing Ladder – Part Two
Posted on October 30th, 2011
In Part One of our guide we examined several options one might consider when trying to get onto the first rung of the housing ladder. These included property auctions, joint mortgages and parental help. In this article well examine some more options which might just help you own a property.
Shared Ownership
In Part One we looked at owning a property with friends in a 50/50 financial arrangement but shared ownership in this context is different. A shared ownership scheme will be run by a local Housing Association. The idea is that the purchaser will be buying a property from the Housing Association stock and will buy from between a 25% to 75% share of the house and then pay rent on the rest.
The outstanding balance (on which you are paying rent) can then be paid off in stages. There are various qualifications to this scheme depending on where you live, but its still fairly inclusive. Yo
Tags: Housing Ladder, Part
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