Interest Rates

  • Aust bonds firmer after US jobs data AAP - 1 hour 47 minutes ago

    The Australian bond market is firmer as the futures market reduces the odds for a US interest rate rise this year after the release of weak employment data. US figures on Friday showed that 142,000 jobs ...

  • Cash rate to stay low amid global woes AAP - 9 hours ago

    Academics expect the Reserve Bank to leave the cash rate at a record low this week, faced with a weakening global economy and uncertain financial markets. The central bank will hold its monthly board meeting on Tuesday after a week that saw the Australian share market hit by persistent concerns over China's economic outlook. "A weakening outlook for the global economy and jittery financial markets do not portend well for the Australian economy," Australian National University's Timo Henckel said on Monday.

  • Should you leave a car with the engine running? - Fri, Oct 2, 2015 8:00 PM AEST

    In a 1st-ever analysis done earlier this year, the National Insurance Crime Bureau looked specifically at car thefts from 2012-2014 when the keys were in the vehicle. It found that the number of overall car thefts was low compared with overall thefts, but that this type of theft is rising. Sure, those numbers seem low, but to put it into perspective, if all of the 2014 car thefts with the keys inside did not occur, the stolen car rate would drop to a rate that hasn't been seen for nearly 40 years -- since 1966.

  • What happens at a mortgage closing - Fri, Oct 2, 2015 8:00 PM AEST

    Mortgage Basics Step 1: Begin the dip Dip the card into the reader, with the front of the card up and the chip part going in first. Step 2: Leave your card in the reader Remember when you could just swipe ...

  • How to haggle on your mortgage closing costs - Fri, Oct 2, 2015 8:00 PM AEST

    The Loan Estimate, introduced in October 2015, is intended to ease that process for borrowers like you, who want to make the mortgage transaction more affordable. The Loan Estimate is given to you within 3 business days of turning in a mortgage application. It outlines the various terms attached to the loan, including your interest rate, estimated monthly payments and the cash you need to close.

  • 2015 list of failed credit unions - Fri, Oct 2, 2015 8:00 PM AEST

    This list shows the U.S. credit unions that have either failed or have been placed into conservatorship from 2012 to 2015. Most of the credit unions are acquired, and, if insured, the National Credit Union ...

  • Loan Estimate: How much cash to close? - Fri, Oct 2, 2015 8:00 PM AEST

    Mortgage How big a check will you have to write at the closing table? Or, in the lingo of the mortgage industry, what's the "cash to close?" The Loan Estimate lists the cash to close amount in ...

  • How much will I pay for mortgage closing costs? - Fri, Oct 2, 2015 8:00 PM AEST

    The total closing costs are summarized in the "Costs at Closing" section at the bottom of Page 1. Detailed, itemized closing costs take up most of Page 2 in the "Loan Costs" and "Other Costs" sections. The "Loan Costs" section lists the fees associated with getting the mortgage.

  • How do I check my home's correct square footage? - Fri, Oct 2, 2015 8:00 PM AEST

    How do I get the square footage checked, and what's the process? A seller using inaccurate square footage may even lose a sale if the discrepancy is discovered before closing, particularly if the tally is considerably smaller than marketed. A typical appraiser will measure your home's exterior for its gross living area, or GLA, which by some counts is a little different from square footage.

  • RBA unlikely to cut cash rate again AAP - Fri, Oct 2, 2015 6:12 PM AEST
    RBA unlikely to cut cash rate again

    The Reserve Bank is tipped to leave the cash rate unchanged on Tuesday, and most economists are predicting there will be no more rate cuts for the foreseeable future. All 14 economists surveyed by AAP expect the RBA to keep the cash rate at two per cent at its October meeting, and only three are predicting that there will be another interest rate cut. Of those surveyed six are predicting the cash rate will be raised late in 2016.

  • Aust bonds flat ahead of US jobs data AAP - Fri, Oct 2, 2015 4:47 PM AEST

    The Australian bond market is flat as investors wait for key US jobs data which could be crucial to the timing of a Federal Reserve rate hike. Trade on the interest rate market has been subdued in the ...

  • Will population growth impact property investors? Yahoo7 Finance - Fri, Oct 2, 2015 2:18 PM AEST
    Will population growth impact property investors?

    Why slowing population growth is on the mind of all smart property investors at the moment.

  • Will rates be cut next week? Yahoo7 Finance - Fri, Oct 2, 2015 8:05 AM AEST
    Will rates be cut next week?

    Recent market turmoil means the door is opening ever so slightly for an interest rate reduction, says Stephen Koukoulas.

  • Loan Estimate: Monthly payments for mortgage - Thu, Oct 1, 2015 8:00 PM AEST

    Your estimated monthly mortgage payment is listed under the "Projected Payments" section on Page 1 of the Loan Estimate. If you borrow more than 80% of the home's value, the lender will require you to pay mortgage insurance. This is how much mortgage insurance will cost per month.

  • Is it wise to use home seller's preferred lender? - Thu, Oct 1, 2015 8:00 PM AEST

    "You don't have that 2nd set of eyes looking out for you when you are working with a preferred lender," says Ed Conarchy, a mortgage planner and investment adviser for Cherry Creek Mortgage in Gurnee, Illinois. Before weighing the pros and cons of using a preferred lender, you should first learn whether the lender and the seller have a financial tie.

  • Federal pension reduces Social Security benefits? - Thu, Oct 1, 2015 8:00 PM AEST

    When I retire, I will have my federal pension, but I can't take any of my husband's Social Security. Although your situation may appear unfair at first glance, the Government Pension Offset, which affects your benefits, was implemented to keep government employees who didn't pay taxes into Social Security from getting a larger Social Security benefit than their private sector peers. Typically, Social Security benefits for spouses and survivors are offset by any benefit they would be eligible to receive on their own records.

  • Can power of attorney status add to my debt? - Thu, Oct 1, 2015 8:00 PM AEST

    Step 1: Begin the dip Dip the card into the reader, with the front of the card up and the chip part going in first. Step 2: Leave your card in the reader Remember when you could just swipe your card and ...

  • Where will mortgage rates head next week? - Thu, Oct 1, 2015 8:00 PM AEST

    Will rates go up, down or remain unchanged? Intro Up 22% Down 22% Unchanged 56% Panel Prediction Up Down Unchanged 22% 22% 56% This week (Oct. 1-7), 22% of the panelists believe mortgage rates will rise ...

  • Loan Estimate: The mortgage's interest rate - Thu, Oct 1, 2015 8:00 PM AEST

    The loan's interest rate is listed toward the top of Page 1, in the "Loan Terms" section. If the mortgage offer is for a fixed-rate loan, the box to the right will say, "No," to indicate that the interest rate cannot increase after closing. The total interest percentage, or TIP, represents the total interest paid over the life of the loan as a percentage of the loan amount.

  • Should you spend like singer Christina Milian? - Thu, Oct 1, 2015 8:00 PM AEST

    This year, Milian launched her own E! reality TV show, "Christina Milian Turned Up," sharing her search for love and happiness "docu-soap" style with her Cuban-American mother and sisters. Find out what Milian has to say about life and money. With my clothing line "We Are Pop Culture," I get to really show my fashionable side and my personality with the way that I design.

  • National mortgage rates for Oct. 1, 2015 - Thu, Oct 1, 2015 8:00 PM AEST

    Interest Rate Roundup Find the best mortgage rates in your area. Mortgages 30-year fixed: 4.01% Average points: 0.21 Mortgage rates barely budged this week, according to Bankrate's latest survey of lenders. ...

  • Asking experts: When will the Fed raise rates? - Thu, Oct 1, 2015 8:00 PM AEST

    The nation's central bankers say they want to raise interest rates soon, but they keep waiting and waiting. Federal Reserve Board Chair Janet Yellen said the time wasn't right because of "heightened uncertainties abroad." As part of our 4th-quarter 2015 Bankrate Market Mavens survey of leading financial market analysts, we asked: When do you expect the Fed will raise interest rates?

  • CD rates for Oct. 1, 2015 - Thu, Oct 1, 2015 8:00 PM AEST

    Interest Rate Roundup Compare CD rates nationally and in your area. CDs 1-year CD yields: 0.28% 5-year CD yields: 0.86% Rates on certificates of deposit lost a basis point in this week's national survey ...

  • What the heck is EBITDA and why does it matter? - Thu, Oct 1, 2015 8:00 PM AEST

    If you were going to buy a business, discovering the profitability of the company would probably be one of the first things to do. Many investors do that before buying a stock by digging into the financial statements. Investors can slice up the information thrown at them in several ways.

  • Longer and bigger savings for home deposit AAP - Thu, Oct 1, 2015 5:22 PM AEST

    Reserve Bank governor Glenn Stevens says it has always been a struggle to get into the housing market. "It was for me, it was for all of us here," Mr Stevens said, gesturing to the three senior central bank employees sitting beside him at his six-month grilling by politicians in Canberra. Anyone trying to get into the property market, even at a time of record low interest rates, must first confront their biggest challenge: a home deposit requires more savings over a longer period, while house prices keep rising.

  • Aust bonds lower ahead of US payroll data AAP - Thu, Oct 1, 2015 4:43 PM AEST

    The Australian bond market is lower ahead of key US jobs data. Official figures out on Thursday showed Chinese manufacturing has contracted for the second month in a row. Westpac senior market strategist ...

  • Melbourne leads Sept home price jump Yahoo7 Finance - Thu, Oct 1, 2015 4:16 PM AEST
    Melbourne leads Sept home price jump

    Capital city home values have grown 0.9 per cent, led by a 2.4 per cent surge in Melbourne. September's rise in home values, reported by CoreLogic RP Data, pushed the annual rate of home price inflation to 11 per cent across the eight state and territory capitals. Sydney and Melbourne are still the drivers of that growth, with prices up 16.7 per cent in Sydney and 14.2 per cent in Melbourne, and a big step down to 4.6 per cent in Brisbane and 0.6 per cent in Canberra.

  • Can prize winner save $1 million (plus a buck)? - Wed, Sep 30, 2015 8:00 PM AEST

    Here, she embraces great-grandchildren Brooke and Zack Lundgren on Halloween, circa 2010. Matt Lundgren, a 45-year-old married father of 2 in north central Pennsylvania, won Bankrate's Grand Prize Money Makeover award of $10,000. Matt lists his financial goal as having $1,000,001 saved for retirement.

  • Should I raid my 401(k) to pay off the mortgage? - Wed, Sep 30, 2015 8:00 PM AEST

    Should I withdraw money from my 401(k) that's currently earning 2.5% to pay off my mortgage that's at 6%? You didn't say what the mortgage payoff would be, how much you have set aside in your 401(k), your other sources of retirement income and whether you're still working. Lamenting that you're only making 2.5% on your retirement savings while paying 6% on your mortgage may say more about how you've got your retirement account invested than it does about the economic sense it makes to raid the account to pay off the mortgage.

  • 3 smart ways your child can save - Wed, Sep 30, 2015 8:00 PM AEST

    Opening a savings account in a child's name may seem like a great way to give Junior a head start on a lifetime of thrift. In fact, choosing the wrong savings vehicle for your children's future college cash needs could cost them thousands in avoidable taxes and missed financial aid. Meanwhile, students' income and savings have a bigger, more negative, impact on the availability of financial aid than parental assets and income.

  • FSA saves money, cuts taxes - Wed, Sep 30, 2015 8:00 PM AEST

    One of the most popular benefits is a flexible spending account, often referred to as an FSA. Companies typically offer 2 types of spending accounts, a dependent care FSA or a medical account. With a dependent care FSA, an employee sets aside money to help pay for costs associated with care for the kids while Mom and Dad work.

  • Millennials: How to become a 401(k) millionaire - Wed, Sep 30, 2015 8:00 PM AEST

    Thinking about what life will be like when you're 70 isn't an enticing activity when you're a millennial, but daydreaming about being a millionaire is exciting. One of the most effective steps to take toward wealth is to enroll in your employer's retirement plan. David Weliver, founder of the Money Under 30 website, agrees.

  • First-time investors: What to do with your investment portfolio - Wed, Sep 30, 2015 8:00 PM AEST

    You're finally earning enough money to set up an investment portfolio. How do you break up the money among stocks, bonds, cash and perhaps alternative investments, such as commodities? Investment experts suggest placing 40% to 70% in stocks and the remainder in bonds.

  • Aust bonds weaker as risk appetite returns AAP - Wed, Sep 30, 2015 4:45 PM AEST

    The Australian bond market is weaker as investors' risk appetite returns following a rally in US stocks. Wall Street started to recover overnight after the US consumer confidence index rose to 103.0 in ...

  • Home construction set to ease AAP - Wed, Sep 30, 2015 2:51 PM AEST
    Home construction set to ease

    The housing construction boom may have passed its peak despite the number of homes approved to be built still near record levels. Over the 12 months to August, building approvals were up 5.1 per cent, the Australian Bureau of Statistics said on Wednesday. JP Morgan economist Tom Kennedy said the volatile high rise apartments category is driving the up and down nature of the data.