The public government sponsored enterprise Federal Home Loan Mortgage Corporation or more often known as Freddie Mac, plans to begin providing monthly disclosures on the amount of delinquencies amongst individual pools of home loans within the bonds that it guarantees. It has made possible an increase in the number of homebuyers across the USA by providing . . . → Read More: Delinquency Disclosure Plans by Freddie Mac
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The economy is gradually recovering from recession and with the rising prices of commodities as well as assets, mortgage rates also seem to be on the rise. Though mortgage rates alone do not give a picture of the market sentiment, . . . → Read More: Rising Mortgage Rates According to the report from Federal Reserve meeting on September 21st Federal Open Market Committee decided to maintain target range for the Federal Funds Interest Rate between 0 and 1/4 percent. The committee will also continue reinvesting principal payments from its securities policies as it is set in the current policy. Prime rate as of 09/21/2010 . . . → Read More: Federal Reserve keeps federal funds interest rate low Hong Kong’s composite interest rate was unchanged during last 3 months at 0.2% as of the end of August. HIBOR or Hong Kong interbank exchange rate had slight decrease of 0.1 point to 11.1 points during August. The Reserve Bank of India (RBI) raised short-term interest rates. Repo rate (rate at which RBI lends to other banks) went . . . → Read More: Quarterly Asia interest rates update South African Reserve Bank yesterday reduced the repo rate to 30-year low and warned that the speed of recover would slow. This decision was an answer to a strength in rand. Repo rate was lowered 0.5% from 6.5% to 6.0%. But rand still showed strength after the change probably because investors still see high enough yield even . . . → Read More: South African Repo Rate drops to lowest level in 31 years Bank of Canada raised its benchmark interest rate by 0.25% to 1% Wednesday morning. Major Canada’s banks (TD Bank Financial Group, RBC Royal Bank, Canadian Imperial Bank of Commerce, BMO Bank of Montreal, the Bank of Nova Scotia and National Bank) followed the increase and raised their primary lending rate to 3%. Several smaller banks also followed and raised . . . → Read More: Canada’s banks to raise prime rate to 3% |
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