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Tag: low rates
Low rates 'keep repossessions down'
2014-11-13 10:50:43| BBC News | Business | UK Edition
Continued low interest rates and mortgage market competition have led to another fall in the number of homes repossessed in the UK, figures show.
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Rates can stay low, says Bank exec
2014-10-28 21:22:33| BBC News | Business | UK Edition
Interest rates can be kept at their current record low level for longer than first thought, the Bank of England's deputy governor says.
Monday Morning Cup of Coffee: Will record low rates jumpstart mortgages?
2014-10-27 10:27:53| Real Estate - Topix.net
Monday Morning Cup of Coffee takes a look at news crossing HousingWire's weekend desk, with more coverage to come on bigger issues. With mortgage rates down five weeks in a row to 3.92% last week, most in the industry are hoping for a new wave of refis and purchase applications.
Swedbank Cuts Jobs as Low Interest Rates Hurt Profit Outlook
2014-10-21 15:56:34| Appliances - Topix.net
Swedbank AB, Sweden's biggest mortgage lender and the largest bank in the Baltics, will cut as much as 5.5 percent of its staff to try to adjust to the low rate environment created by unprecedented central bank easing. The bank will cut 600 to 800 jobs in the coming two years, mainly through attrition, and aims to lower costs "towards 16 billion kronor" in 2016 from 16.6 billion kronor in 2013, the Stockholm-based lender said in a statement today.
Keep interest rates low, says Bank
2014-10-17 10:36:29| BBC News | Business | UK Edition
Interest rates should remain low to avoid long-term economic stagnation, says the chief economist at the Bank of England.