Articles, tagged with "interest rate cuts", page 2

Chancellor welcomes interest rate cuts

The Chancellor, Alistair Darling, has welcomed the decision by the Bank of England to lower interest rates to 2%, which is the lowest rate for nearly sixty years. Darling, who announced a cut in VAT in previous weeks warned though that the rate cuts would... Read >
Author: Claudia Liza

Will interest rate cuts in the UK help people with mortgages?

If you've got a mortgage and you live in the UK, you're probably very interested in the interest rate cuts that keep showing up. However, they won't necessarily help you out. Much of whether it will make a difference comes down to whether you are trying t... Read >
Author: Robert Palmer

British Savers hit Hard by Bank of England’s Decision

Yesterdays announcement by the Bank of England delivered an unexpected statement that they were cutting their base rate by 1½% from 4.5% to 3%. It has been done to kick start our stalling economy and to try and prevent a deepening recession. Everyone wa... Read >
Author: SEO Positive

How do I break into the property market?

Worldwide, consumers are feeling the tightening strangle hold of increased commodity prices, petrol price hikes and the damning effects of the worst global melt down in eighty years, but not all is gloom and doom for the South African economy. Fortunat... Read >
Author: Kayla Reid

Mortgage approvals for July at lowest for 15 years as UK probably in recession

Mortgage approvals hit their lowest in at least 15 years in July and the manufacturing sector shrank for a fourth straight month in August, surveys showed today."Prospects for the UK economy remain grim," said Michael Saunders, a Citigroup economist. "The... Read >
Author: Rivington

More Interest Rate Cuts - What Does it All Mean?

When the Fed lowers interest rates, as it continued to do this week, everyone gets excited and there is a lot of buzz about the real estate market. But - when it comes to you and me - what do these lower interest rates really mean? Here are some examples:... Read >
Author: Irene Gaffigan

Mortgages: Understanding The Confusion

Mortgages have never been easy to work out for the average homebuyer. With so many different types of mortgage available and at so many different rates and periods, it's often been difficult to decide which mortgage is best. Recent months have seen th... Read >
Author: Christian Ward

Mortgage repayments – are you struggling?

Reports have come though this month from the government stating that home repossession orders in England and Wales have hit the highest level since back in the 1990's. The numbers have become apparent over the last three months, and economy experts say th... Read >
Author: Jennifer Quirk

Mortgage Approvals Increase

Mortgage approvals unexpectedly increased in January as house prices continued to fall. The Bank of England has released new data showing there were 74,000 mortgage approvals in January, which was up 2,000 from December. That month's figure of 72,000 was ... Read >
Author: Drew Swainston

Credit crisis could cost 11,000 city jobs

The current credit global crisis could cost the UK's financial services industry up to 11,000 jobs, as consumer and business confidence rapidly declines, warns the CBI. It points to a recent survey carried out by accountancy firm Price Coopers Waterhou... Read >
Author: Isla Campbell

CML promises brighter future for mortgages

A key issue in the UK property market in recent months, both for residential buyers and those looking to acquire investment property, has been the cost of mortgages, with the credit crunch pushing up interbank lending rates, which in turn have restricted ... Read >
Author: Assetz UK

Stay long-term, property expert advises

One of the factors in considerations about the UK property market in recent times has been the apparent conflict between the short-term and long-term perspectives. Until recently, the short-termist view looked to have some merit, with rapid house price ri... Read >
Author: Assetz UK

Rate response may be encouraging

Yesterday may not have brought the most startling news in economic history when the Bank of England's monetary policy committee (MPC) announced it was cutting the base rate by 0.25 per cent for the third time in five months. Revealing the news, the body... Read >
Author: Assetz UK

Mortgages: Making Sense Of The Mayhem

Mortgages have never been easy to work out for the average homebuyer. With so many different types of mortgage available and at so many different rates and periods, it's often been difficult to decide which mortgage is best. Recent months have seen the ... Read >
Author: pmcindoe

Fed Cred: Down The Tubes

On January 22nd, the Federal Reserve cut their most important interest rate for the fourth time in the past six months, in an attempt to stem the widespread sentiment that the US is in, or headed for recession. Their cut comes at a strange time, because t... Read >
Author: Ki Gray

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