Mortgage and Financial News From 2008-11-6 Page 01
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Only a lucky few homeowners likely to feel the full effect of ... - Times Online
Lloyds TSB and Abbey were last night alone in promising to pass on the one and a half percentage-point cut in base rates to homeowners. The majority of high street banks and building societies responded to the cut with a scramble to prevent new ...
2008-11-06 06:30:00 -
Banks urged to pass on huge cut in interest rates - Times Online
Britain’s banks came under intense pressure to cut mortgage rates last night after the Bank of England stunned the City and cut the base rate to a 54-year low to fight off recession. Official interest rates were slashed by one and a half points to ...
2008-11-06 06:44:00 -
Banks under pressure to pass on rate cut - Daily Telegraph
Bank of England Governor Mervyn King speaking to the Commons Treasury Committee during a press conference this week Photo: PA The surprise cut of 1.5 percentage points was designed to force banks and building societies to make borrowing cheaper for ...
2008-11-06 06:01:00 -
Brown tells the lenders to cut mortgage rates - Scotsman
BANKS were under growing pressure last night to pass on dramatic savings to borrowers after the Bank of England slashed interest rates by 1.5 percentage points. Only Lloyds TSB confirmed it would adjust mortgage rates immediately, despite demands ...
2008-11-06 06:01:00 -
Banks under pressure to cut rates - BBC News
Lenders are coming under pressures to cut their mortgage rates following Thursday's shock cut in interest rates by the Bank of England. The Bank cut its base rate from 4.5% to 3%, the lowest level since 1955. Chancellor Alistair Darling has called on ...
2008-11-06 06:01:00 -
Lenders snub calls to cut rates - Financial Times
All but two UK banks snubbed government calls to pass on Thursday’s dramatic interest rate cuts to new customers and more than 20 lenders withdrew deals that would have slashed borrowers’ monthly mortgage repayments. The withdrawals mean that ...
2008-11-06 04:50:00 -
Banks face battle to reconcile savers and borrowers as rate drops - Guardian Unlimited
Mortgage lenders were facing a difficult balancing act last night to keep their mortgage and savings customers happy after the Bank of England's deeper than expected interest rate cut. Experts predicted that the 150 basis point cut could leave ...
2008-11-06 09:14:00 -
End of the tracker as lenders rush to pull deals - Guardian Unlimited
Mortgage lenders were last night hurriedly withdrawing their most attractive tracker rates in the wake of the Bank of England's surprise 1.5% rate cut as the industry prepared for a complete redrawing of its products. Tracker deals available to new ...
2008-11-06 09:14:00 -
Interest rate cut (The Herald)
The astonishment and initial delight at the 1.5% interest rate cut by the Bank of England's Monetary Policy Committee (MPC) had the paradoxical effect of deepening gloom over the economy as the size of the cut, the biggest since 1971, served to confirm the seriousness of the situation.
2008-11-06 07:27:05 -
Shea's Click & Save (San Diego Daily Transcript via Yahoo! News)
Included in Shea Homes San Diego's Click & Save 2008 Year-End Event by are 16 move-in ready residences at three entry-level neighborhoods in Chula Vista.
2008-11-06 07:57:14 -
Financing for hotel construction here lacking, but maybe not for long (San Diego Daily Transcript via Yahoo! News)
For those trying to build, buy, sell or refinance a hotel these days, it's ugly out there, but they may be rewarded if they are able to hold on for another year.
2008-11-06 07:57:15 -
Interest rates hit 53-year low (Gazette)
Interest rates have been slashed to a 53-year low in a dramatic Bank of England bid to rescue the UK from deep recession.
2008-11-06 07:59:28 -
Rams Home Loans drops variable mortgage rate (The West Australian)
Rams Home Loans (Rams) has dropped the interest rate on its standard variable home loan by 60 basis points. The interest rate on Rams’ standard variable home loan has dropped 0.6 percentage points to
2008-11-06 08:01:38 -
Uneven lending landscape (New York Daily News)
When it comes to real estate, Brooklyn is a tale of two boroughs. The number of mortgages issued boroughwide dropped 18% in 2007, but in predominantly minority neighborhoods the number plummeted by more than half.
2008-11-06 08:32:22 -
Cairns Lockie Mortgage Commentary 7 Nov 2008 (Scoop.co.nz)
Welcome to the twentieth fortnightly Cairns Lockie Mortgage Commentary for 2008. We aim to keep you informed on developments at Cairns Lockie, Home Loans and the mortgage market in general.
2008-11-06 08:53:45