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US Fed moves closer to rate hike
2015-07-29 21:13:28| BBC News | Business | UK Edition
The US central bank , the Federal Reserve, keeps its key interest rate on hold but indicates it is more positive on the US economy.
Is U.S. Economy Pushing the Fed Closer to a Rate Hike?
2015-07-29 16:54:27| Air Courier - Topix.net
Priscilla Hancock of JPMorgan Asset Management and Bloomberg's Michael McKee preview today's Federal Reserve policy statement and examine how U.S. economic data plays into the Fed's decision on when to raise interest rates. They speak on "Market Makers."
Interest rate computer glitch costs Westpac over $1m a day
2015-07-27 17:14:41| Automakers - Topix.net
Westpac is not currently able to follow its rivals and boost rates for investors due to complexities in its IT systems. Westpac Banking Corp is missing out on $1 million a day that its competitors are now creaming from landlords because its computer systems will not allow it to charge differing interest rates.
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More rate rises tipped after moves by ANZ and Commonwealth Bank of Australia
2015-07-26 13:02:26| Automakers - Topix.net
Pressure to pass on higher capital costs to borrowers is likely to spark more interest rate hikes by banks, on top of last week's changes by ANZ Bank and Commonwealth Bank of Australia, analysts predict. ANZ and CBA said the regulator's 10 per cent a year cap on housing investor credit growth was a key reason for their moves to raise rates for these customers by 0.27 percentage points late last week.
Average US rate on 30-year mortgage falls to 4.04 percent
2015-07-23 18:59:57| Real Estate - Topix.net
" Average long-term U.S. mortgage rates fell this week, retreating from highs for the year and amplifying the incentive for prospective home buyers. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage declined to 4.04 percent from 4.09 percent a week earlier.
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