Interest Rates

  • How to buy part of neighbor's driveway and land Bankrate.com - Fri, Jul 29, 2016 8:00 PM AEST

    What is the NCUA? NCUA (National Credit Union Administration) insurance is a government-backed insurance program that protects credit union members' shares in the event their credit union fails, similar to the way FDIC insurance protects bank customers' deposits. Of all credit unions in the U.S., 98% are federally insured through the NCUA.

  • 10 questions to ask when you apply for a mortgage Bankrate.com - Fri, Jul 29, 2016 8:00 PM AEST

    1. What is the interest rate on this mortgage? Ask for the lender's loan estimate, which breaks down the interest rate and fees. It will include the annual percentage rate, or APR, which accounts for the interest rate, points, fees and other charges you will pay for a mortgage.

  • How do I maintain control during a tire blow-out? Bankrate.com - Fri, Jul 29, 2016 8:00 PM AEST

    Dear Driving for Dollars, I saw a very scary car accident on the highway recently. A small car had a tire blow-out and the driver lost control, swerving into a motorcyclist in the adjacent lane. The motorcyclist ...

  • Tame inflation to push RBA over the line AAP - Fri, Jul 29, 2016 4:05 PM AEST

    Benign price pressures are tipped to push the Reserve Bank to slash the cash rate to a new record low of 1.5 per cent next month. The market is currently pricing around a 65 per cent chance of August easing, and the majority of economists are tipping a cut pending next week's key inflation figures. The data will be released on Wednesday by the Australian Bureau of Statistics.

  • The week in numbers to July 29 AAP - Fri, Jul 29, 2016 10:52 AM AEST

    MONDAY $US89 billion. That's the net worth of the world's richest man, Bill Gates. Spanish rag trade tycoon and Zara owner Amancio Ortega held on to second place with a fortune of $US73.4 billion, according ...

  • You like low rates? The Federal Reserve does, too Bankrate.com - Thu, Jul 28, 2016 8:00 PM AEST

    Federal Reserve policymakers wrapped up their July meeting by leaving interest rates unchanged -- which sounds pretty simple. Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were strong in June following weak growth in May. On balance, payrolls and other labor market indicators point to some increase in labor utilization in recent months.

  • Where will mortgage rates head next week? Bankrate.com - Thu, Jul 28, 2016 8:00 PM AEST

    Will rates go up, down or remain unchanged? Intro Up 33% Down 11% Unchanged 56% Panel Prediction Up Down Unchanged 33% 11% 56% This week (July 27-Aug. 2), 33% of the panelists believe mortgage rates will ...

  • Still time to refi, even as mortgage rates rise Bankrate.com - Thu, Jul 28, 2016 8:00 PM AEST

    What's more, today's slightly higher rates might be the norm for a while now that the financial panic that followed the United Kingdom's so-called Brexit vote has subsided, says Michele Velez, producing branch manager at Supreme Lending in San Mateo, California. Nearly all of that was reversed this week as the volume of new applications dropped 11.2%, the Mortgage Bankers Association reports.

  • $A recovers from inflation dip AAP - Thu, Jul 28, 2016 5:32 PM AEST

    The Australian dollar has bounced back above 75 US cents as the US Federal Reserve did little to alter expectations of a December rate hike, and the chances of a Reserve Bank rate cut next week remained ...

  • 3 top mobile banking alerts: Are you signed up? Bankrate.com - Wed, Jul 27, 2016 8:00 PM AEST

    If your bank isn't already notifying you about these issues with your account, you probably haven't set up the alerts in your mobile banking app. Because they will help you stay informed about your finances whenever, wherever and however you want, says Michelle Moore, head of digital banking at Bank of America. Log in to your bank's app or give your financial institution a call for help setting up alerts.

  • Inflation at 17-year low, all eyes on RBA AAP - Wed, Jul 27, 2016 2:51 PM AEST
    Inflation at 17-year low, all eyes on RBA

    Whether the Reserve Bank is equally surprised and by enough to cut the official cash rate when its board meets next week is probably a 50/50 call at this stage. The consumer price index rose just 0.4 per cent in the June quarter, dragging the annual rate down to just one per cent and well below the central bank's preferred two to three per cent inflation target band.

  • Rate cut likely as inflation stays low AAP - Wed, Jul 27, 2016 2:22 PM AEST

    The Australian dollar has fallen and economists say a Reserve Bank rate cut is still likely next Tuesday following the release of data showing annual inflation is at its lowest level since June 1999. The consumer price index rose 0.4 per cent in the three months to June 30, missing market expectations of a 0.5 per cent rise, figures from the Australian Bureau of Statistics on Wednesday showed. Westpac chief economist Bill Evans said the RBA was watching "disinflationary forces" from weak wages growth.

  • Why is Australia's inflation rate so stunningly low? Yahoo7 Finance - Wed, Jul 27, 2016 12:05 PM AEST
    Why is Australia's inflation rate so stunningly low?

    Australia’s inflation rate is stunningly low. At just 1.0 per cent in annual terms, it is well below the bottom of the RBA target band of 2 to 3 per cent and it is low for reasons that are not all that favourable.

  • Annual inflation lowest in 17 years AAP - Wed, Jul 27, 2016 11:56 AM AEST
    Annual inflation lowest in 17 years

    Annual inflation has fallen to its lowest level in 17 years, opening the door for a potential interest rate cut when the Reserve Bank board meets next week. The consumer price index rose just 0.4 per cent in the June quarter, dragging the annual rate down to just one per cent and well below the central bank's two to three per cent inflation target band.

  • First home buyers focused on price growth Yahoo7 Finance - Wed, Jul 27, 2016 12:00 AM AEST
    First home buyers focused on price growth

    First home buyers in Australia are only keen to buy in areas where the value of their property is likely to go up. The potential for house price growth has become the most important factor, after affordability, when buying the first home, according to a survey of first home buyers by lender St George. The distance of the property from their workplace has been pushed down to third place, followed by distance to shops, and distance to family and friends, the poll of 1,000 first time property investors across Australia revealed.

  • 33ways to refinance a HELOC before it starts to sting Bankrate.com - Tue, Jul 26, 2016 8:00 PM AEST

    You may not be so happy when the 10th birthday is approaching for your home equity line of credit, or HELOC. A home equity line of credit, or HELOC, has 2 stages. After the draw period ends, the second stage begins: The HELOC goes into the amortization period, when you have to pay principal as well as interest.

  • Must hubby report inheritance from Canadian mom? Bankrate.com - Tue, Jul 26, 2016 8:00 PM AEST

    My husband is a Canadian citizen (U.S. permanent resident) and has some inheritance money coming to him from his mother's estate (also a Canadian citizen). The inheritance money your husband receives from his mother's estate is not taxable to him and is not subject to capital gain taxes on your jointly filed U.S. income tax return. For example, if he puts it in a savings account and the account starts generating interest income, then you will report the interest income as it is earned each year.

  • 6 tips to dig your way out of credit card debt Bankrate.com - Tue, Jul 26, 2016 8:00 PM AEST

    Do your credit card balances keep you awake at night? Here are 6 different techniques for paying off credit card debt. If you want to get out of debt as cheaply as possible, list your debts going from the highest interest rate to lowest.

  • Balance transfer vs. personal loan for debt relief? Bankrate.com - Tue, Jul 26, 2016 8:00 PM AEST

    Westend61/Getty Images Debtor Debbie is looking for the cheapest way to pay down her high-interest credit card debt. She has a good credit score, which means Debbie has options. Two popular options include ...

  • Aust market up ahead of inflation data AAP - Tue, Jul 26, 2016 4:55 PM AEST

    The Australian share market has finished slightly higher as investors punt that second quarter inflation figures will prompt the Reserve Bank of Australia to cut interest rates next week. IG market strategist Evan Lucas said the financial sector enjoyed a big pick-up and led the market higher. "Expectations are that it (the annual inflation rate) could fall to 1.1 per cent, and that will be the worst inflation figure that we've seen in the modern era," Mr Lucas said.

  • $A slips slightly against greenback AAP - Tue, Jul 26, 2016 8:00 AM AEST

    The Australian dollar has slipped slightly against its US counterpart in overnight trade, weighed down by continuing expectation of a lift in US interest rates. At 0700 AEST on Tuesday, the local unit ...

  • Election result may steady consumer nerves AAP - Tue, Jul 26, 2016 7:46 AM AEST
    Election result may steady consumer nerves

    A new survey will show whether Australians have finally got over their uneasiness after the protracted federal election. Consumer confidence has fallen for four straight weeks, upset by the initial fallout ...

  • Why the Aussie property dream is fading fast Yahoo7 Finance - Mon, Jul 25, 2016 12:00 AM AEST
    Why the Aussie property dream is fading fast

    The great Australian dream of owning your own property is becoming even more unattainable than ever.

  • Is it smart to be a serial refinancer? Bankrate.com - Fri, Jul 22, 2016 8:00 PM AEST

    Rock-bottom interest rates and consumer frustration over the squirrely economic recovery have some homeowners adopting an investment strategy borrowed from the boom years: serial refinancing. Ditch private mortgage insurance, or PMI. Approximately 3.5 million U.S. homeowners refinanced at least twice between 2006 and 2008, and another 2.2 million homeowners did the same between 2009 and 2012.

  • You might be surprised to find your car warranty has expired Bankrate.com - Fri, Jul 22, 2016 8:00 PM AEST

    For example, a common bumper-to-bumper car warranty is 3 years or 36,000 miles. RATE SEARCH: Check out car loan rates at Bankrate before you start shopping for a new vehicle. This includes even if the car has some miles logged on it, such as if it were used as a demo car by the dealership or automaker.

  • Pot-dealer tenant delays payment, waits for cash crop Bankrate.com - Fri, Jul 22, 2016 8:00 PM AEST

    Dear Real Estate Adviser, I've had a lease-to-own agreement with a tenant for nearly 2 years, but he's still not produced the deposit money spelled out by the contract. He also lied about his employment ...

  • Get set for an August interest rate cut Yahoo7 Finance - Fri, Jul 22, 2016 2:50 PM AEST
    Get set for an August interest rate cut

    With the economy expanding at a moderate pace and unemployment rate appearing to edge up, get set for a further interest rate cut on 2 August.

  • Mortgages remain low enough for refinancing Bankrate.com - Thu, Jul 21, 2016 8:00 PM AEST

    Mortgage interest rates bounced up and down in their usual tiny increments this week, landing at a level that was little changed from a week ago. Rates are "up a bit from the lows," but still lower than they were right before the United Kingdom's historic "Brexit" vote to leave the European Union, says Jim Sahnger, a mortgage loan originator at Schaffer Mortgage in Palm Beach Gardens, Florida. Sahnger says borrowers who are paying a higher-than-market rate or want to remove mortgage insurance or consolidate other debts with their home loan are prime candidates to benefit from the current combination of low rates and house price appreciation.

  • Are cracks starting to appear in Australia’s property market? Yahoo7 Finance - Thu, Jul 21, 2016 12:00 AM AEST
    Are cracks starting to appear in Australia’s property market?

    Deteriorating prices and rising vacancy rates across Australia suggests that the nation’s property market could finally be running out of steam.

  • There's no blank space in Taylor Swift's bank account Bankrate.com - Wed, Jul 20, 2016 8:00 PM AEST

    Taylor Swift made the majority of her wealth on her 1989 World Tour, which grossed around $200 million. Swift now holds the top spot on the 2016 Forbes Celebrity 100 list, up from No. 8 in 2015. Swift was singing at events by age 10.

  • History favors an election correction for stocks Bankrate.com - Wed, Jul 20, 2016 8:00 PM AEST

    No matter who you're pulling for in this year's presidential election, if you're an investor, don't bet on either candidate giving a lift to the stock market or your portfolio this year. "The assumption is that if the election is creating significant uncertainty, it would be visible in the stock market and then could be assumed to be having economic costs," says Ryan Sweet, a senior economist at Moody's Analytics. Since 1945, the SandP 500 has gained 5.9%, on average, during presidential election years.

  • Is a mortgage with no closing costs for you? Bankrate.com - Wed, Jul 20, 2016 8:00 PM AEST

    RATE SEARCH: Bankrate can help you find the lowest available mortgage rate. "There's 2 ways people achieve no-closing-cost mortgages," says Bob Walters, chief economist at mortgage lender Quicken Loans based in Detroit. "The mortgage company will flat-out waive them, which doesn't happen that often.

  • These state are cutting sales taxes for back-to-school Bankrate.com - Wed, Jul 20, 2016 8:00 PM AEST

    Luis Pelaez Inc/Getty Images Are state sales-tax holidays gimmicks that rely on bad tax policy and cost states much-needed money? Or do the tax-free shopping days boost local economies by getting more ...

  • Real estate rules as investing choice, survey says Bankrate.com - Tue, Jul 19, 2016 8:00 PM AEST

    Given the recent record highs in the SandP 500 and the Dow Jones industrial average, you might think Americans would feel excited about the future of the stock market. When we gave people a few choices and asked them to pick the best way to invest money they wouldn't need for more than 10 years, the most popular answer was real estate. Next were cash investments, such as CDs and savings accounts.

  • I've been waiting 2 years for my tax refund. Help! Bankrate.com - Tue, Jul 19, 2016 8:00 PM AEST

    Because you have tried contacting the IRS numerous times and still have not resolved the issue regarding your refund, you should contact the Taxpayer Advocate Service, or TAS, which is an independent organization within the IRS that can help you. The TAS is available for all taxpayers who have tried to resolve tax issues and experienced long delays, or who have economic hardship and need assistance. The TAS has offices in every state, the District of Columbia and Puerto Rico.