Interest Rates

  • I sold the house; do I owe agent a commission? Bankrate.com - 12 hours ago

    Some timing! Am I still obligated to pay commission to the agent? Ostensibly, you shouldn't be obligated since the agent didn't represent you, bring you the buyer or earn the commission in any way before your contract took effect.

  • Will stocks recover? Don't ask futures market Bankrate.com - 12 hours ago

    Increases or decreases in commodity prices directly impact the rate of inflation, a subject of keen interest to those in charge of the economy. Unfortunately, like all prognosticators, the futures markets are often incorrect in their estimation of future events.

  • How can I prevent my car from hydroplaning? Bankrate.com - 12 hours ago

    Is my car hydroplaning? It's understandable how driving in the rain can make you feel uncomfortable when you are not accustomed to wet weather. Hydroplaning occurs when your tires don't have enough tread or tire pressure for the water to be dispersed and allow the rubber to keep contact with the road.

  • RBA watching data, rate cut an option AAP - 17 hours ago
    RBA watching data, rate cut an option

    The Reserve Bank says it could cut the cash rate further if needed, but that the current setting is right for the time being. "At the February meeting, the board judged that there were reasonable prospects for continued growth in the economy, with inflation close to target," the RBA said in its quarterly Statement on Monetary Policy released on Friday. At that meeting on Tuesday, the RBA kept the cash rate at a record low of two per cent.

  • Aust bonds modeslty lower ahead of US data AAP - Fri, Feb 5, 2016 9:09 AM AEDT

    The Australian bond prices are marginally lower as global markets continue to get whipped around by oil and equities. ANZ economists said US Treasuries traded with a calmer tone ahead of US non-farm payrolls ...

  • CD rates for Feb. 4, 2016 Bankrate.com - Thu, Feb 4, 2016 9:00 PM AEDT

    Interest Rate Roundup CDs 1-year CD yields: 0.27% 5-year CD yields: 0.83% There was only 1 fluctuation in certificate of deposit rates in this week's survey. The 5-year CD yield was 0.83%, down 1 basis ...

  • National mortgage rates for Feb. 4, 2016 Bankrate.com - Thu, Feb 4, 2016 9:00 PM AEDT

    Interest Rate Roundup Mortgages 30-year fixed: 3.88% Average points: 0.18 Mortgage rates fell for the 5th consecutive week due to ongoing turmoil in the global economy. The benchmark 30-year and 15-year ...

  • Where will mortgage rates head next week? Bankrate.com - Thu, Feb 4, 2016 9:00 PM AEDT

    Will rates go up, down or remain unchanged? Intro Up 23% Down 46% Unchanged 31% Panel Prediction Up Down Unchanged 23% 46% 31% This week (Feb. 4-10), 23% of the panelists believe mortgage rates will rise ...

  • Is there a cure for my whopping medical bill? Bankrate.com - Thu, Feb 4, 2016 9:00 PM AEDT

    What is the best way to settle this with the hospital, as paying $44,000 in medical debt is almost next to impossible for me? If you need a personal loan to help retire medical debt, check out the rates at Bankrate.com.

  • Japan exports lower mortgage rates to the States Bankrate.com - Thu, Feb 4, 2016 9:00 PM AEDT

    Mortgage rates fell for the fifth week in a row as overseas concerns, including volatile oil prices, slid their way back into the international spotlight. The 10-year Treasury yield has fallen about 20 basis points over the past week, going from 2.02% to an intraday low of about 1.81% Wednesday. The latest declines in Treasury yields started when the Bank of Japan reduced interest rates, pushing them into negative territory.

  • What the debt-to-equity ratio tells investors Bankrate.com - Wed, Feb 3, 2016 9:00 PM AEDT

    Striking the right balance between debt and equity is one of the great arts of corporate finance, says Keith Lanton, president of Lantern Investments in Melville, New York. The relationship between total debt and total equity is called the debt-to-equity ratio.

  • 2 reasons not to buy life insurance for kids Bankrate.com - Wed, Feb 3, 2016 9:00 PM AEDT

    "The main purpose of life insurance is to replace the economic benefit of the insured person for their family or to pay for final costs," says John Gajkowski, a CFP professional and founder of Money Managers Financial Group in Chicago. Gajkowski says that sometimes parents decide to buy a life insurance policy on their children because it's so inexpensive that it seems harmless or because someone in their life has had the experience of losing a child. The life insurance policy could pay for final expenses, as well as lost income while a parent grieves.

  • Can wife claim late husband's Social Security? Bankrate.com - Wed, Feb 3, 2016 9:00 PM AEDT

    Absent children at home, a spouse can claim a survivor's benefit at age 60, or age 50 if the surviving spouse is disabled. The benefit is a reduced benefit when it's claimed prior to the surviving spouse's full retirement age. If you're looking to place your retirement in a relatively safe investment, check out the rates on certificates of deposit at Bankrate.com.

  • CBA tipped for another record 1H profit AAP - Wed, Feb 3, 2016 4:44 PM AEDT
    CBA tipped for another record 1H profit

    Commonwealth Bank is expected to unveil another record first-half profit next week when it becomes the first of the big four to report results since last year's out-of-cycle mortgage rate hikes. Australia's largest home lender lifted its variable mortgage rates for investors and then owner-occupiers as part of its response to increased capital requirements from the Australian Prudential Regulation Authority, forcing customers to wear some of the cost of maintaining profit growth. The bank's results for the six months to December 31, the period covering those hikes, are out on Wednesday and analyst consensus is for roughly a three per cent increase in cash profit to about $4.77 billion.

  • CBA expected to unveil another 1H profit AAP - Wed, Feb 3, 2016 2:46 PM AEDT

    Commonwealth Bank is expected to unveil another record first-half profit next week when it becomes the first of the big four to report results since last year's out-of-cycle mortgage rate hikes. Australia's largest home lender lifted its variable mortgage rates for investors and then owner-occupiers as part of its response to increased capital requirements from the Australian Prudential Regulation Authority, forcing customers to wear some of the cost of maintaining profit growth. The bank's results for the six months to December 31, the period covering those hikes, are out on Wednesday and analyst consensus is for roughly a three per cent increase in cash profit to about $4.77 billion.

  • Aust bonds jump as risk aversion dominates AAP - Wed, Feb 3, 2016 8:43 AM AEDT

    The Australian bond market has benefited as risk-off sentiment spreads through global equities. "European and US stocks followed Asia's overnight lead, falling sharply," ANZ economists said. ...

  • RBA leaves rate cut door ajar AAP - Wed, Feb 3, 2016 3:31 AM AEDT

    Reserve Bank governor Glenn Stevens hasn't ruled out the need for another interest rate cut in the face of an uncertain global economy. The first central board meeting of the year on Tuesday left the cash rate at an all-time low of two per cent, where it has stood since May last year. While giving an upbeat appraisal of the economy, Mr Stevens expressed his concerns over the global economy and volatile financial markets.

  • Is peer-to-peer lending similar to a bank loan? Bankrate.com - Tue, Feb 2, 2016 9:00 PM AEDT

    Are there different types of personal loan lenders? Personal loans, also known as signature loans, are unsecured, meaning the lender doesn't have any collateral backing the loan. Banks and credit unions offer these loans, but a relatively new player on the scene is the "peer-to-peer" lender.

  • What to do if you don't get your W-2 Bankrate.com - Tue, Feb 2, 2016 9:00 PM AEDT
    What to do if you don't get your W-2

    The IRS requires employers to get workers their earnings information by the end of each January. Before you start work on a replacement W-2, call your company's payroll office. If, however, the days roll by and the form is indeed lost or your employer is inordinately slow in issuing a replacement, or you worked for a company that went out of business and there's no one to bug about getting a W-2, what then?

  • You can file your tax return without 1099 forms Bankrate.com - Tue, Feb 2, 2016 9:00 PM AEDT
    You can file your tax return without 1099 forms

    If you received interest or dividend income, sold a stock or worked as an independent contractor, you'll get some version of the Internal Revenue Service Form 1099 to help you complete your tax return. As with W-2 wage statements, 1099 forms usually must be distributed to recipients by the end of January. If you don't receive an expected Form 1099 in early February, contact the issuer.

  • Can I buy car after filing Ch. 7 bankruptcy? Bankrate.com - Tue, Feb 2, 2016 9:00 PM AEDT

    Can I buy a car after filing Chapter 7 bankruptcy but before the case is closed? In the past, I would say you definitely could not buy a car right after filing bankruptcy. Most auto lenders wanted to see the bankruptcy filer re-establish credit before approving an auto loan.

  • 52-week savings challenge Bankrate.com - Tue, Feb 2, 2016 9:00 PM AEDT

    Can you try a new way to save every week for a year? Each week, we will try a new way of saving money and chronicle the journey. Follow our 52-week savings challenge here: Click on a date to see which ...

  • Is divorce a loophole to avoid capital gains tax? Bankrate.com - Tue, Feb 2, 2016 9:00 PM AEDT

    Do you see any way that I can avoid paying the tax on my capital gain of about $300,000? Is there a tax loophole or a way to use my divorce to avoid capital gains tax? From the facts presented in your question, there is no tax loophole available that would apply to you, and the entire capital gain will have to be reported.

  • Aust stocks lower after rates left on hold AAP - Tue, Feb 2, 2016 5:11 PM AEDT

    The Australian share market has closed below 5000 points after the Reserve Bank held fire on interest rates but said there was scope for a rate cut. OptionsXpress analyst Ben LeBrun said the share market sell off on Tuesday morning had accelerated after the RBA decision.

  • Aust bonds flat after rates held AAP - Tue, Feb 2, 2016 4:50 PM AEDT

    Australia's bond market has finished flat after the Reserve Bank held the cash rate at a record low for a tenth straight month. Head of macro products at Nomura Jon Linton says the central bank's decision ...

  • Morrison optimistic amid global gloom AAP - Tue, Feb 2, 2016 4:39 PM AEDT
    Morrison optimistic amid global gloom

    Treasurer Scott Morrison has used the first parliamentary sitting day of the year to assure voters the Australian economy is improving, even in the face of "very serious" global headwinds. Mr Morrison says Australia is transitioning to a more diversified economy in the wake of the unwinding mining investment boom. "What we are seeing is an Australian economy that is growing at twice the rate of comparable economies like Canada, for example, which also has a commodities base," Mr Morrison told parliament on Tuesday.

  • RBA leaves rates on hold for a 10th month AAP - Tue, Feb 2, 2016 2:39 PM AEDT
    RBA leaves rates on hold for a 10th month

    The Reserve Bank has left the cash rate at a record low of two per cent for a tenth straight month, and remains optimistic about the local economy, with inflation close to target. RBA governor Glenn Stevens ...

  • RBA leaves cash rate on hold AAP - Tue, Feb 2, 2016 2:32 PM AEDT
    RBA leaves cash rate on hold

    The Reserve Bank has left the cash rate unchanged at a record low of two per cent. MORE TO COME

  • RBA leaves rates on hold Yahoo7 Finance - Tue, Feb 2, 2016 2:31 PM AEDT
    RBA leaves rates on hold

    The Reserve Bank has decided to keep interest rates on hold at 2.0 per cent at its first board meeting of 2016.

  • Aust bonds down before RBA policy decision AAP - Tue, Feb 2, 2016 8:56 AM AEDT

    The Australian bond market has sold off ahead of the Reserve Bank's first interest rate decision of the year. All eyes will be on the RBA's Tuesday board meeting with rates widely expected to be left unchanged ...

  • RBA to sit tight on 2% cash rate in Feb AAP - Tue, Feb 2, 2016 7:17 AM AEDT
    RBA to sit tight on 2% cash rate in Feb

    The Reserve Bank is unlikely to budge from its neutral interest rate stance, but it may ramp up its easing bias a notch. All 14 economists surveyed by AAP expect the RBA to keep the cash rate unchanged at its February meeting on Tuesday, and eight expect it to remain on hold for the entire year. The central bank cut its interest rate by a quarter of a percentage point last February and again in May, taking the cash rate to a new record low of two per cent.

  • Do 'banker's hours' still exist? Bankrate.com - Mon, Feb 1, 2016 9:00 PM AEDT

    You can see the last vestiges in places like the New York Stock Exchange, which operates from 9:30 a.m. to 4 p.m. "A number of banks have extended their traditional branch hours and have opened in-store branches with even more flexible hours in places like supermarkets so people can bank where and when it's convenient for them," says Mike Townsend, a spokesman for the American Bankers Association.

  • How to handle regime change at work Bankrate.com - Mon, Feb 1, 2016 9:00 PM AEDT

    With a little luck, a shakeup can even benefit you in the long run -- if you play your cards right. "I want people to understand, when they're going through a shakeup like this, it is not unusual," Ford says. How much a management change filters down to the rank-and-file level can vary depending on the events that precipitated the change, says David Berliner, a consulting partner at BDO, a business consulting firm.

  • $A dips on Chinese factory numbers AAP - Mon, Feb 1, 2016 5:39 PM AEDT

    The Australian dollar is lower ahead of the Reserve Bank's interest rate decision after dipping on weak Chinese manufacturing data. While the Chinese numbers drove the Aussie lower, the local unit has regained some ground during afternoon trade ahead of the Reserve Bank's interest rate decision, Westpac senior currency strategist Sean Callow said. "Gains in local and Japanese stocks seem to be helping the Aussie dollar," he said.

  • Business upbeat despite global uncertainty AAP - Mon, Feb 1, 2016 3:27 PM AEDT

    Reserve Bank governor Glenn Stevens can draw comfort that despite all the turmoil and uncertainty in the global economy, Australian businesses are fairly upbeat. On the eve of the central bank's first board meeting of the year, two surveys found businesses in an optimistic frame of mind, further lessening the need for the RBA to be panicked into a further reduction in interest rates. Economists expect the cash rate to be left at two per cent after Tuesday's board meeting, after last cutting it in May last year.