Meters set to drive up power bills Nov 8, 2009
He said 74 per cent of the 180,000 NSW customers on time-of-use tariffs were paying less than what they paid when they were on the fixed rate. Of the rest, 60 per cent were paying $20 a year more. (Sydney Morning Herald -- Australia)
SBI extends 8% home loan scheme to March 2010 Nov 7, 2009
After the offer period, customers will have the option to opt for a fixed rate with a reset frequency of 5 years or floating interest rate linked to SBI's advance rate for the remaining loan term, SBI said. SBI had launched these products in August this year for a limited period of three months. (India Times, India)
News Analysis: MPIC cements its control over Philippine power firm Nov 7, 2009
In a disclosure the Philippine Stock Exchange Friday, MPIC said it will borrow 12 billion peso-worth (252 million U.S. dollars) of nine-year fixed rate corporate notes from primary institutional lenders, which it will lend to the Lopezes. Under the agreement with the Lopezes, Pangilinan will lend 11. (Xinhuanet, China)
Brampton Brick Reports Results for the Third Quarter Ended September 30, 2009 Nov 6, 2009
The outstanding principal amount of $6,667 bears interest at a fixed rate of 3. 5% per annum and has been discounted for accounting purposes at an effective rate of 5. (CCNMatthews Press Releases)
Norwegian to sell $450M in notes Nov 6, 2009
9 percent to 6 percent and euro-based fixed rate notes of 6. 7 percent to 7. (South Florida Business Journal, FL)
MCCH reports annual results, sets goals for upcoming year Nov 6, 2009
The board also approved a resolution to move forward in issuing 15 million in bonds with a fixed rate and 30 year maturity. The next step will be to go to the Murray City Council and Calloway County Fiscal Court for approval. (Murray Ledger & Times, KY)
SBI weighs extending home loan scheme Nov 4, 2009
As part of the scheme, which received a good response, the bank offered a fixed rate of 8% for loans up to Rs 5 lakh for five years, while loans up to Rs 50 lakh were priced at 8% for the first year, 8. 5% for the second and the third year and in subsequent years it would be linked to the prime lending rate. (India Times)
Class-action suit targets WaMu securities Nov 4, 2009
According to the suit, WaMu issued securities backed by its own single-family residential mortgages whose interest rates adjusted (after an initial fixed rate period) and included a negative amortization feature. The certificate that came with securities issued by WaMu claimed that they were made up of a pool of residential mortgages that were subject to underwriting guidelines, including a borrower s creditworthiness and reviews of loan applications, the suit alleges. (San Jose Business Journal, CA)
CDR Founder David Rubin Indicted for Rigging Municipal Investment Deals Oct 30, 2009
Under the deals, banks and insurance companies agree to pay a fixed rate of return until the money is needed to pay for construction projects for which the funds were originally raised. The allegations are reminiscent of the scandal of the 1990s, when Wall Street banks overcharged local governments for Treasury bonds they purchased with bond proceeds. (Bloomberg -- US)
Moody's rates CCA's notes issuance Oct 29, 2009
The notes issued are $US400 million Fixed Rate Notes due 2014 at a fixed coupon of 3. 25 per cent per annum. (Sydney Morning Herald -- Business)
Guide to Finding the Best Fixed Rat... Oct 28, 2009
Guide to Finding the Best Fixed Rate Cash ISA. Guide to Finding the Best Fixed Rate Cash ISA ... Find out where to get the best fixed rate cash ISA today. (Suite101.com)
Waste Connections profit soars Oct 28, 2009
The company also announced it has completed a sale of 10-year senior unsecured notes at an annual fixed rate of 5. 25 percent in a private placement with institutional accredited investors to increase its capital base. (Sacramento Business Journal, CA)
Compare all car loans Oct 28, 2009
Fixed rate for the term you want ... Fixed rate for the term you want. (Sydney Morning Herald -- Entertainment)
Betty Fisher Oct 27, 2009
At Central Bank, Fisher offers her expertise to clients seeking traditional real estate financing options such as fixed rate and adjustable rate mortgages, refinancing and new home construction, in addition to FHA and Rural Development loans. Just prior to joining Central Bank, Fisher was the branch manager and loan officer for Allied Home Mortgage in Princeton. (Princeton Bureau County Republican, IL)
NS&I raises rates for new savers Oct 27, 2009
It means some of the fixed rate policies will now pay 4 ... "Customers looking to lock their savings away for a short term will welcome the news that NS&I has launched a one-year fixed rate paying a market leading 3.95% gross," said Andrew Hagger of Moneynet. (BBC News -- Business)
Financing Government in Dark Hits Taxpayers Where No-Bid Deals Predominate Oct 27, 2009
In the swap, the county would pay to Lehman the fixed rate it had been paying on the bonds -- which reached as high as 5. 3 percent. (Bloomberg -- US)
Capitalism: A Love Story Film Revie... Oct 27, 2009
Here s hoping he won t look back in adjustable-rate anger upon a current fixed rate of satisfaction. The copyright of the article Capitalism: A Love Story Film Review in is owned by. (Suite101.com)
U.S. healthcare system wastes up to $800 billion a year Oct 26, 2009
Lock in a Low FIXED Rate Today. Specialists in healthcare design. (Yahoo News -- Top Stories)
SBI raises $750m from overseas Oct 26, 2009
The bank has concluded the issue of $759 million fixed rate senior notes having a maturity of five years at a coupon rate of 4. 5% under the Medium Term Notes (MTN) programme, SBI said in a statement. (India Times, India -- Intl Business)
5% cap for real property gains tax Oct 26, 2009
In the Budget 2010 presentation, the Government proposed that real property gains tax at a fixed rate of 5% be imposed on the gains from the disposal of real property effective Jan 1, 2010, Husni said in a statement yesterday. The rate imposed is irrespective of the holding period and the category of the owner, he added. (The Star Online, Malaysia -- Business)
Land prices continue to rise Oct 26, 2009
All of the big four banks have raised fixed rate mortgages at a time. Top Business articles. (Sydney Morning Herald -- Business)
USF plans $30M sports complex Oct 25, 2009
has committed a $30 million loan the full amount of the estimated project cost with a fixed rate for as long as 20 years, Stubbs said. This article is for Paid Subscribers ONLY.. (Tampa Bay Business Journal, FL)
SBI raises $750 million from overseas market Oct 25, 2009
The bank has concluded the issue of $759 million fixed rate senior notes having a maturity of 5 years at a coupon rate of 4. 5% under the Medium Term Notes (MTN) programme, State Bank of India said in a statement. (India Times, India)
Mortgage rates up 2nd straight week; 30-year averages 5% Oct 23, 2009
Freddie Mac said the "5/1" ARM, set at a fixed rate for five years and adjustable each following year, was 4. 40%, compared with 4. (USA Today -- Money)
Noble to raise US$850m through sale of bonds Oct 23, 2009
com - Noble to raise US#dollar;850m through sale of bonds. " onclick="Next();" src="/images/butt_next. (Channelnewsasia.com)
GMX Resources Inc. Announces Pricing of Common Stock Offering and Pricing of $75 Million Principal Amount of Convertible Senior Notes Offering Oct 23, 2009
The notes bear interest at a fixed rate of 4. 50% per year, payable on May 1 and November 1 of each year, beginning May 1, 2010. (Primezone Releases)
Foreclosures Up 5% from Summer to Fall Oct 23, 2009
A FIXED 7 year payment (84 monthly payments) with a balloon payment cosisting of a 30 year fixed rate mortgage for the balance. NO GREAT SCIENTIFIC MIRACLE HERE. (CBS News -- US)
New Jersey Pays Goldman Sachs for Interest-Rate Swaps on Nonexistent Bonds Oct 23, 2009
6 percent fixed rate the trust fund is paying on the swap has pushed the cost to taxpayers of the original $345 million borrowing to 7. 8 percent, the most the authority has paid since it was formed in 1985, according to records posted on its Web site. (Bloomberg -- US)
ARM Mortgage Loans - Pros and Cons Oct 22, 2009
An ARM Mortgage loan has a fixed rate of interest for a set period before adjusting to a new rate based upon the short-term interest rate ... The rate of interest will often be considerably lower than on the best fixed rate mortgage deal in the short-term ... Unlike the best fixed rate mortgage deal, the rate of interest isn't set. (Suite101.com)
Ten-Year Bond Futures Decline on Concern Debt Supply to Overwhelm Demand Oct 22, 2009
Carrillo recommends paying a fixed rate for two-year loans with a settlement date in one years time. That would involve paying the fixed rate in a years time on expectations that floating rates will rise more rapidly than fixed ones as government debt sales increase supply. (Bloomberg -- Japan)
Pay Japan Swaps to Avoid Losses as Government Debt Sales Rise, SocGen Says Oct 22, 2009
Banks often hedge bond portfolios by paying fixed rates in swap agreements in exchange for floating income, as flexible rates would increase with a sell-off in the bond market ... Carrillo recommends paying a fixed rate for two-year loans with a settlement date in one years time ... That would involve paying the fixed rate in a years time on expectations that floating rates will rise more rapidly than fixed ones as government debt sales increase supply. (Bloomberg -- Asia)
READ: Morgan Stanley's press release Oct 22, 2009
(4) During the quarter ended June 30, 2009, the Company repurchased its Series D Fixed Rate Cumulative Perpetual Preferred Stock resulting in a one-time reduction from earnings applicable to Morgan Stanley's common shareholders for the accelerated amortization of the Preferred Stock issuance discount ... (4) During the quarter ended June 30, 2009, the Company repurchased its Series D Fixed Rate Cumulative Perpetual Preferred Stock resulting in a one-time reduction from earnings applicable to... (USA Today -- Money)
Sweden Keeps Benchmark Rate on Hold at 0.25%, Says No Rise Until Fall 2010 Oct 22, 2009
The bank said it will offer 100 billion kronor in loans at a fixed rate for 11 months, aimed at helping lower interest rates in the domestic market and bringing the total program to 300 billion kronor. Exports slumped for a 10th consecutive month in August, forcing companies including phone network manufacturer and truck maker to cut jobs. (Bloomberg -- Europe)
After SBI, Axis, BoB, to raise funds abroad Oct 22, 2009
ICICI Bank had last raised $2 billion through a five-year fixed rate note. The notes were sold under 144A/Reg S format in which the bank was able to tap qualified US investors through this route. (India Times)
Are we better off with a stronger ringgit? Oct 21, 2009
The ringgit was officially de-pegged against the US dollar from a fixed rate of 3. 80 on July 21, 2005 and, like the Singapore dollar, is currently under a float system tied to a basket of currencies. (The Star Online, Malaysia -- Business)
Different Types of Home Loans Oct 21, 2009
Variable interest rate loans, fixed rate loans, split loans, capped loans and home equity loans are major types of home loan products in the Australian mortgage market ... Borrowers who choose fixed rate home loans can fix the interest rate for a specific period of time, from a few months to several years ... This is essentially a part variable and part fixed rate home loan. (Suite101.com)
Credit card canceled without warning? Oct 21, 2009
Every one of my credit cards informed me that my interest is now going up and changing from a fixed rate to a variable rate. This is crazy. (Atlanta Journal-Constitution -- Business)
Lower natural gas prices coming Oct 21, 2009
But, he added, consumers who have not opted for a fixed rate yet, might not necessarily face dramatically higher prices. In the event of a mild winter, Hart said, the variable rates available this season likely will be much lower than those available last winter. (Atlanta Journal-Constitution -- Business)
First Horizon Announces Quarterly Dividends Oct 21, 2009
In addition, the board approved payment of the quarterly cash dividend on the Fixed Rate Cumulative Perpetual Preferred Stock, Series CPP, issued to the U.S. Treasury, at the 5 percent annual dividend rate. That dividend is payable on Nov. 16, 2009, to the holder of record Oct. 23, 2009. (Primezone Releases)
New Gov't Plan Aims to Help Poor Borrowers Oct 20, 2009
Nope, it was the variable rate mortgage (of course swindled to the poor as an affordable alternative to a fixed rate loan), and the swaps on wallstreet betting that these loans would fail, and the institutions that sold the swaps did not keep capitol to pay for loses (because the mortgages would never go bad in large numbers). by Marc_1986 October 19, 2009 3:23 PM EDT. (CBS News)
How Federal Perkins Student Loans W... Oct 19, 2009
Based on specific guidelines, each financial aid administrator has the freedom to determine how much or whether a fixed rate student loan should be offered to applicants. Federal Perkins Student Loans Qualification. (Suite101.com)
Financial Armageddon in Alabama Proving Parable for Local U.S. Governments Oct 19, 2009
While that made fixed rates attractive, a JPMorgan banker advised commissioners to issue variable-rate debt with swaps layered on top to create a synthetic fixed rate. The technique was supposed to provide a lower rate than traditional fixed rate bonds, according to a letter Collins sent to the SEC in June ... Under the deal, the county would pay JPMorgan a fixed rate in return for receiving floating-rate payments from the bank. (Bloomberg)
How to Repay Student Loans Early Oct 18, 2009
If he consolidated these loans, either through his own bank, , or via rivals like or , his new fixed rate would actually rise a bit, according to Mark Kantrowitz, the publisher of FinAid, which tracks the student loan industry. "The consolidated loan isn't just a weighted average of all the interest rates," says Kantrowitz. (ABC News -- Business)
30-Year Fixed Rate Still Below 5 Percent for Third Consecutive Week Oct 16, 2009
Real Estate News and Advice. McLean, VA (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4. (RealtyTimes)
Federal Mortgage Home Refinance Pro... Oct 16, 2009
HARP will bring stability with a fixed rate over the life of the loan. The Home Affordable Refinance Program is due to expire June 10th 2010. (Suite101.com)
Guaranty Federal Bancshares, Inc. Announces Third Quarter 2009 Financial Results Oct 16, 2009
The Company recognized $314,000 in gains on sales of fixed rate loans during the quarter (compared to $208,000 for the prior year quarter). It also recognized $342,000 in gains on sales of securities from its investment portfolio (compared to $0 for the prior year quarter). (Primezone Releases)
What the experts said in Glasgow Oct 15, 2009
He runs through the Burnett's options, including index-linked National Savings products, one-year fixed rate bonds, Isas, and Premium Bonds. He says that, like the Burnetts, it is important to decide the level of risk that people want to take with savings, as well as when they might want to get access to the funds and examine which debts they have left to pay. (BBC News -- Business)
Choosing the Right Home Loan Oct 14, 2009
This will help manage rising mortgage rates but some cheaper or fixed rate home loans have restrictions regarding this. Loan term. (Suite101.com)
Keep inflation in mind when investing Oct 14, 2009
But many bonds, along with other fixed-income vehicles, such as certificates of deposit, are not good inflation fighters because the fixed rate of return they offer simply may not keep up with inflation. However, if you built a bond ladder - a group of bonds with varying maturities - you d have more flexibility in combating inflation, because your longer-term bonds typically offer higher interest rates. (Rockport Pilot, TX)
Pa. mortgage rates edge up; stay above 5% Oct 14, 2009
Pennsylvania's average fixed rate on a 30-year mortgage was 5 ... The average 15-year fixed rate nationwide declined to 4. (Pittsburgh Business Times, PA)
Non-Profit Wraps Up Mortgage Assistance Tour Oct 13, 2009
"After today, our fixed rate at 2-percent is $2,277. One half," said Julius. The Mainors are going home without the fear. (KLAS-TV.com, NV)
Housing risks still lurk even as buyers return Oct 13, 2009
Unlike many borrowers who took out mortgages without having to put any money down and then borrowed further still against the value of their homes, they put down 100,000 and took out a 440,000 mortgage with a stable, fixed rate of interest. But the sudden collapse of the local economy, and their business along with it, meant they could no longer afford the mortgage payments. (Yahoo News -- Press Releases)
Student Debt Consolidation Loans - ... Oct 13, 2009
Turning variable rate debt into a loan at a fixed rate of interest means that the borrower knows precisely how much will be needed to repay debt each month. Interest payments. (Suite101.com)
Hybrid home deals catch on Oct 10, 2009
These packages combine fixed rate for a particular tenure which subsequently convert into a floating rate after the expiry of the fixed rate tenure. For the time being, floating home loans will be more popular than fixed rate packages ... Customers rarely opt for fixed rate for the entire tenure. (The Star Online, Malaysia -- Business)
Kommunalbanken completes bond sale Oct 9, 2009
Kommunalbanken, a Norwegian local government funding agency, has sold $350 million of fixed rate five-year bonds in the Australian debt market ... It followed the sale on Friday of a $200 million increase to an existing Council of Europe Development Bank (CEB) fixed rate bonds with the same tenor. (Sydney Morning Herald -- Business)
Watchdog doubts goals of Obama loan relief plan Oct 9, 2009
Lower payments, interest rate, fixed rate and reduced balance. Apply. (Yahoo News -- Top Stories)
Mortgage rates near record low Oct 9, 2009
Shorter term fixed rates are even lower, with the average 15 year fixed rate mortgage at 4. 33 percent. (Albany Business Review, NY)
CEB, Kommunalbanken in local bond push Oct 8, 2009
The World Bank priced its new five- and 10-year fixed rate offerings after upsizing the deals from an initial $500 million per maturity, through joint lead managers Commonwealth Bank of Australia, RBC Capital Markets, TD Securities and Westpac. The bank sold $800 million of 5. (Sydney Morning Herald -- Business)
High-end jets that cost a fortune to upkeep Oct 8, 2009
However, there is no fixed rate for them in the second-hand market. They said both planes required qualified and specialised crew. (The Star Online, Malaysia)
Zillow: Pa. mortgate rates hover above 5% Oct 7, 2009
The average 15-year fixed rate nationwide declined to 4. 39 percent for the week, and the average 5-1 adjustable rate mortgage fell to 3. (Pittsburgh Business Times, PA)
Is This Right Time To Refinance Mortgages? Oct 7, 2009
A 30-year fixed rate loan averaged 5 ... Similarly, 15-year fixed rate was at 4 ... Suppose that, in 2006, you took a 30-year fixed rate mortgage of $207,000 at 6. (Click2Houston, TX)
Giffords lauds ASU solar efforts Oct 7, 2009
The university can purchase electricity, which for now accounts for a fraction of its overall use, at a fixed rate. In all, CarbonFree Technology has installed about 9,000 solar panels at ASU. Giffords touted the installations as Arizona s largest solar plant not owned by a utility. (Green Valley News & Sun, AZ)
Rate rise prompts rush to fix loans Oct 7, 2009
3 per cent, while fixed rates would jump to 7 ... "The banks are ahead of the game having increased fixed rates months ago. "There's a massive premium to pay to lock your rates in now ... " Mr Vitale said fixed home loan rates of about six per cent now belonged to a bygone era, although rates remained relatively low compared to the highs of 2008. "If you were going to take a fixed rate now, you would have to believe that interest rates were going to increase by significantly more than two per... (Sydney Morning Herald -- Business)
Australian Debt Lures as Interest Rate Rises Will Be Slow, Principal Says Oct 7, 2009
Westpac recommends receiving the fixed rate on one-year swaps priced 12 months forward, gauging that rate will fall to 5 percent from 5. 56 percent today. (Bloomberg -- Australia & New Zealand)
Water rate hike on agenda for Tuesday council meeting Oct 6, 2009
The fixed rate monthly meter charge for a meter that is 5/8 of an inch would increase from 16. 30 to 16. (Watertown Daily Times, WI)
