Published on October 10, 2010 by Technology Slice
Auction rates in Melbourne have slumped once again and real estate agents and those looking to sell their homes are starting ro feel the pinch. Although weather has been improving auction clearance rates have been going down hill. There is one main cause to this. Interest rates. Not only have there been numerous interest rate [...]
Tags: Circle Of Life, Clearance Rates, Houses, Interest Rate, interest rates, Melbourne Auction, Purchasing, Real Estate Agents, Slump, Weather
Posted in Money
Published on May 4, 2010 by Technology Slice
May: Reserve Bank Raises Interest Rate – Homeowners will pay about $50 a month more on their mortgages after the Reserve Bank hiked its cash rate for the third time in a row. A 25 basis point increase to the official rate adds about $50 a month to a $300,000, 25-year home loan, according to [...]
Tags: Australia, Basis Point Increase, Basis Points, Borrowers, Decade, Economic Contraction, Economists, Glenn Stevens, Home Loan, Interest Rate, interest rates, Mortgages, Reserve Bank Governor, risk, Third Time, Tipping
Posted in Money
Published on April 29, 2010 by Technology Slice
Russia Cuts Interest Rates – Russia’s Central Bank announced Thursday it was cutting its key interest rate by a quarter of a point to a historic low of 8.00 percent in order to boost economic recovery. The move, effective from Friday, marked the thirteenth cut in a row since April 2009. In October, the rate [...]
Tags: Accessibility, Banking Sector, Cutting, economic recovery, economy, Interest Rate, interest rates, Manufacturing Sector, Rates Russia, S Central
Posted in Money
Published on March 23, 2010 by Technology Slice
Westpac Wants To Increase Rates Again – Westpac is under financial pressure to impose more interest rate rises on its customers, the bank’s chief executive, Gail Kelly, has warned. But, in a private briefing to big shareholders, Mrs Kelly suggested that the prospect of a political backlash from Canberra could make it difficult to hit [...]
Tags: banks, Basis Points, Business Customers, Canberra, Chief Executive, Election Year, Federal Election, Home Loan, Interest Rate, Mrs Kelly, Offshore Fund, Opts, Political Backlash, Political Storm, Quarterly Earnings, Reliance, Shareholders, Speculation, Westpac
Posted in Money
Published on March 2, 2010 by Technology Slice
Interest Rates Increase – The Reserve Bank has lifted its key interest rate for the first time this year, a move likely to unleash another round of mortgage pain on borrowers across the country. The central bank raised the cash rate by 25 basis points to 4 per cent. That comes on top of three [...]
Tags: Basis Points, Borrowers, Inflation, Interest Rate, interest rates, mortgage, Rba Governor
Posted in Money
No Comments