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Put a Lid on Rising Mortgage Payments (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? Mortgage Applications Rise on Lower Loan Rates The number of applications for home mortgages crept higher last week as loan rates were lower. Interest rates left on hold Homeowners have been spared an interest rate rise today after the Reserve Bank of Australia decided to keep rates on hold at 6 per cent. The RBA met yesterday to decide whether it would move on the official cash rate and its decision was announced this morning. Confused by all the Mortgage Options? Heres Help (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. Consumer groups team with Pentagon on interest rate caps As conference negotiations on the defense authorization bill begin in earnest this week, consumer groups are teaming up with the Pentagon to intensify the lobbying push for an amendment that would rein in high interest rates on payday loans to the military. Risks tilt to rising rates HOME owners are have been let off the hook today after the central bank left official interest rates on hold but analysts suggest more rises are coming. RBA keeps rates on hold as expected The Reserve Bank of Australia (RBA) has left interest rates on hold as expected, but some economists still believe the central bank could hike later this year. Australias central bank leaves rates unchanged SYDNEY, Sept 6 (Reuters) - Australias central bank left interest rates unchanged at 6.0 percent on Wednesday, as expected, though investors suspect rates will have to rise at some point to curb price pressures in a over-stretched economy. Fannie Mae, Freddie Mac Retreat as Mortgage Bond Market Mutates Sept. 6 (Bloomberg) -- Fannie Mae and Freddie Mac, the biggest sources of money for Americans buying homes, are becoming the white elephants of the mortgage bond market as regulators and competitors take away their privileged position selling securities. Interest rate increase in November not seen as foregone conclusion Mervyn King, Bank of England governor, expressed surprise last month that Augusts quarter-point interest rate rise should have caught the financial markets unawares, given that most analysts had attached a 30 per cent probability to an increase. | ||