Interest Rates

  • The 3 best places to turn to for a personal loan - 6 hours ago

    If you believe online financial technology startups are the only firms offering personal loans, you believe in a myth. Unsecured loans are widely available at various institutions. Finance companies, which include marketplace lenders.

  • Where will mortgage rates head next week? - 6 hours ago

    Will rates go up, down or remain unchanged? Intro Up 45% Down 10% Unchanged 45% Panel Prediction Up Down Unchanged 45% 10% 45% This week (May 26-June 1), 45% of the panelists believe mortgage rates will ...

  • Mortgages rise on possibility of Fed rate hike - 6 hours ago

    Mortgage rates rose this week after the Federal Reserve again signaled that it might raise the federal funds rate in mid-June. Lenders reacted to the growing speculation that there will be another Fed rate hike, says Mathew Carson, senior loan officer for First Capital Group, a mortgage financing company in San Francisco. "The markets are building it in, like they usually do, a little earlier on the anticipation of what the Fed is going to do," Carson says.

  • Widow asks: Are Social Security survivors benefits taxed? - 6 hours ago

    Will I have to claim my husband's Social Security on my taxes for 2016? The Social Security benefits you receive as a widow or widower are known as Social Security survivors benefits and will be reported to you under your Social Security number, or SSN, rather than under your deceased spouse's SSN. According to the Social Security Administration, approximately 5 million widows and widowers receive benefits based on their deceased spouse's earnings record, and it also pays more benefits to children than any other federal program.

  • Bonds rise on lingering rate cut risk AAP - 9 hours ago

    Australian bonds have surprisingly risen as markets continue to price in further rate cuts. St George senior economist Janu Chan said it was slightly puzzling that bond prices had risen given equity markets ...

  • Turnbull, Shorten agree with RBA boss AAP - Wed, May 25, 2016 11:36 AM AEST
    Turnbull, Shorten agree with RBA boss

    At least Malcolm Turnbull and Bill Shorten are at one on something. The prime minister and opposition leader agree with Reserve Bank Governor Glenn Stevens that budget repair will take years of hard work. The central bank governor has taken the unusual step of commenting on the state of the budget during an election campaign.

  • Budget repair a 'slog'": Turnbull AAP - Wed, May 25, 2016 9:59 AM AEST
    Budget repair a 'slog'": Turnbull

    Prime Minister Malcolm Turnbull admits it's a "slog" getting the budget under control as the coalition government tries to live within its means. Reserve Bank of Australia governor Glenn Stevens this week took the unusual step of commenting on the federal budget during an election campaign, telling a business lunch it would be "ok" if nothing else goes wrong. Mr Turnbull agrees.

  • Many don't know best economic manager AAP - Wed, May 25, 2016 3:31 AM AEST

    Reserve Bank governor Glenn Stevens believes there are years of hard budget repair work for whoever wins the July 2 election, telling a conference on Tuesday the budgetary situation will be okay if nothing else goes wrong. Reserve Bank and Treasury forecasting suggests not. The Pre-election Economic and Fiscal Outlook released independently by Treasury and Finance stuck with a predicted growth rate of 2.5 per cent for this financial year, the same as the budget and that of the central bank.

  • $A plummets amid RBA rate cut talk AAP - Tue, May 24, 2016 5:29 PM AEST

    The Australian dollar is in freefall after the Reserve Bank indicated another rate cut was in the offing. ANZ senior FX strategist Dan Been said traders has already been selling Aussie ahead of the final official appearance by RBA governor Glenn Stevens on Tuesday. "Stevens's comments really confirmed market pricing for the next policy move, so once we got through that risk event selling of the Australian dollar resumed as it has for a few sessions now," Mr Been told AAP.

  • RBA governor's comments lift bonds AAP - Tue, May 24, 2016 5:01 PM AEST

    Australian bonds are marginally higher after the Reserve Bank affirmed its commitment to the inflation target. Deutsche Bank fixed income strategist David Plank said the market's main focus on Tuesday ...

  • RBA warns of hard budget repair job AAP - Tue, May 24, 2016 4:39 PM AEST
    RBA warns of hard budget repair job

    Outgoing Reserve Bank governor Glenn Stevens says there's years of hard budget repair work ahead for the next federal government. In his final official appearance after 10 years as the central bank head, Mr Stevens warned that the budget faced a number of risks over the medium term. Mr Stevens also defended the RBA's inflation target as the best monetary policy framework in Australian history.

  • Confidence again creeps higher AAP - Tue, May 24, 2016 4:27 PM AEST
    Confidence again creeps higher

    Consumer confidence continues to tick higher as the housing, jobs and stock markets perform and the Reserve Bank's rate cut comes into play. The ANZ-Roy Morgan consumer confidence index rose 0.5 per cent last week, to be 3.6 per cent higher over the past four weeks. ANZ senior economist Jo Masters says confidence is now 2.6 per cent above its long-run average, underpinned by stronger optimism around household finances.

  • Australian market set to open flat AAP - Tue, May 24, 2016 6:59 AM AEST

    The Australian market looks set to open flat following a poor performance on Wall Street where a bounce in Apple failed to offset concerns that the US Federal Reserve could raise interest rates sooner ...

  • Election a test for consumer confidence AAP - Tue, May 24, 2016 3:31 AM AEST

    The weekly ANZ-Roy Morgan consumer confidence index will be released on Tuesday. Confidence has remained above its long-run average over the previous three weeks, although this was seen more to do with the Reserve Bank cutting the cash rate to a record low rather than a nod of approval to Treasurer Scott Morrison's first budget. Central bank governor Glenn Stevens will deliver a lunchtime address in Sydney, his first since the May 3 rate cut.

  • The 6 key differences between secured and unsecured personal loans - Mon, May 23, 2016 8:00 PM AEST

    When shopping for a personal loan, you may be able to choose between a secured and an unsecured loan. Secured loans are backed by collateral and unsecured loans are not. Interest rates tend to be lower on secured personal loans.

  • The important goal that seniors in 47 states aren't meeting - Mon, May 23, 2016 8:00 PM AEST

    Retirement If you want to survive and even thrive in retirement , most financial advisers believe you need at least 70% of the income that you had before you retired. But seniors in most states are falling ...

  • Extra! Extra! Read all about Rupert Murdoch's net worth - Mon, May 23, 2016 8:00 PM AEST

    Media mogul Rupert Murdoch was only 22 years old when he inherited 2 Australian newspapers after his father's death. During his career, Murdoch has had a hand in everything from TV Guide to The Wall Street Journal. Add the movie studio and publishing companies that Murdoch owns, and it's easy to see how he became a multibillionaire.

  • Bonds flat amid quiet trade AAP - Mon, May 23, 2016 4:54 PM AEST

    Australian bonds are flat amid quiet trade. Commonwealth Bank of Australia fixed income quantitative strategist Philip Brown says bonds are largely unchanged with no risk events to excite investors. "There ...

  • Aussie house prices are 'going nuts again' Property Observer - Mon, May 23, 2016 3:12 PM AEST
    Aussie house prices are 'going nuts again'

    House prices are going nuts again, according to Australian Financial Review columnist Chris Joye.

  • Data may not match growth mantra AAP - Mon, May 23, 2016 3:31 AM AEST

    The Turnbull government talks a lot about jobs and growth and the transitioning of the Australian economy. Economic figures over the next couple of weeks will indicate the success in that transition to ...

  • Break up big banks? Here's how consumers would fare - Fri, May 20, 2016 8:00 PM AEST

    If banks are big enough that their failure would break the U.S. economy, they're too big -- and someone should break them into smaller pieces. Democratic presidential hopeful Bernie Sanders has taken up the cry, saying that banks that are too big to fail are too big to exist. What would happen if the largest U.S. banks broke into multiple smaller banks?

  • The nightmare of car-title loans - Fri, May 20, 2016 8:00 PM AEST

    One in 5 borrowers of single-payment, car-title loans has their car or truck seized by the lender for failing to pay back their debt. More than 4 in 5 of these types of loans are renewed the day they come due because borrowers can't afford to repay them in a single payment. Car-title loans are high-cost, small-dollar loans that borrowers use to cover an emergency or cash-flow shortage between paychecks.

  • Repo scare: Borrower might lose car due to twisted co-signing - Fri, May 20, 2016 8:00 PM AEST

    Please continue to make that a priority, since getting behind on your car payments will work to your co-signer's advantage. Your best bet is to call the lender that the auto loan is with and talk to a representative.

  • How to back out of a contract with an 'ugly house' agent - Fri, May 20, 2016 8:00 PM AEST

    Dear Real Estate Adviser, I was going to sell my home to one of those "ugly houses" agents and now I don't want to anymore. Can I still back out of a signed real estate contract? What can happen? ...

  • 'Jobs and growth'? Both are stalling actually Yahoo7 Finance - Fri, May 20, 2016 8:38 AM AEST
    'Jobs and growth'? Both are stalling actually

    For the Coalition, the campaign slogan ‘jobs and growth’ is running a bit, with record low wages growth while job creation has stalled.

  • Mortgage rates reflect mixed economic news - Thu, May 19, 2016 8:00 PM AEST

    Mortgage interest rates essentially remained unchanged this week as economic news piled up in all directions: up, down and sideways. "Things that should have maybe pushed rates a little bit lower never pushed them lower," says Rob McAllister, mortgage broker at West Seattle Mortgage in Seattle. Find the best mortgage deal today.

  • Personal loans: Demand high, rates low - Thu, May 19, 2016 8:00 PM AEST

    Personal loan rates remain at their lowest rate of the year, as consumer demand for this type of financing continues to grow. In the last 3 months of 2015, banks, credit unions and non-bank firms originated more than 4 million unsecured personal loans -- the first time that many personal loans had been generated in a quarter, according to TransUnion, one of the nation's largest credit bureaus. "The market has had a tremendous amount of growth in the last 4 years," says Jason Laky, a TransUnion senior vice president and automotive and consumer lending business leader.

  • Why you might still want to use a money order - Thu, May 19, 2016 8:00 PM AEST

    How do money orders work? They might seem old-fashioned -- like rotary phones and wristwatches. Indeed, they've been around since the horse-and-buggy days of the 1860s. But the good old money order can ...

  • Top 10 states for foreclosure in April - Thu, May 19, 2016 8:00 PM AEST

    Foreclosure filings declined by 7.38% nationally from March to April. But these states had the highest rates of foreclosure last month, according to RealtyTrac, a California-based firm that tracks the ...

  • New overtime rules: What you need to know - Thu, May 19, 2016 8:00 PM AEST

    The Department of Labor issued new rules to boost the salary threshold to be eligible for overtime pay for most white-collar, salaried workers from $23,660 to $47,476 a year. The rule will extend overtime protections to 4.2 million workers who work more than 40 hours per week, the Labor Department says. House Speaker Paul Ryan, R-Wisconsin, has pledged to fight the Obama administration on the rule.

  • Data to test jobs and growth mantra AAP - Thu, May 19, 2016 3:33 AM AEST

    Employment figures are one of the major economy indicators each month, none more so during a federal election campaign when the government is running on a slogan of "jobs and growth". Thursday's labour force figures for April are unlikely to have the government beating its chest if economists' predictions are right. The Reserve Bank in this month's board meeting minutes said economic growth was running at a more moderate pace since last year, meaning the jobless rate will remain around its present level for a while yet.

  • Wage growth weak, price growth weaker AAP - Wed, May 18, 2016 8:30 PM AEST
    Wage growth weak, price growth weaker

    Total hourly rates of pay, excluding bonuses, rose by 0.4 per cent in the March quarter, the Australian Bureau of Statistics said on Wednesday. CommSec chief economist Craig James says it's a win-win situation because consumers can afford to buy more goods and services and businesses can afford to give more people jobs. Westpac senior economist Justin Smirk said slow wage growth signalled that the prices of goods and services were unlikely to heat up and outlook was pretty benign.

  • Woman with 2 exes seeks best Social Security deal - Wed, May 18, 2016 8:00 PM AEST

    Dear Senior Living Adviser, I just learned that I will receive Social Security death benefits from my late first husband. We were married for 12 years. I'm also divorced from my second husband after 35 ...

  • 7 simple ways to improve your credit score - Wed, May 18, 2016 8:00 PM AEST

    If you need to boost your credit score, it won't be easy. A credit score isn't like a race car, where you can rev the engine and almost instantly feel the result. Credit scores are more like your driving record: They take into account years of past behavior, not just your present actions.

  • The IRS can help you pay for kid care - Wed, May 18, 2016 8:00 PM AEST

    Working moms and dads must find child care for full days, not just the hours after classes. The IRS can't help you find a summertime day care provider, but it can help pay some of the costs, thanks to the child and dependent care tax credit. Second, it can be used to pay for care costs of other dependents, such as an aging parent.