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Personal Finance News 08/2014



Mortgage ARMs becoming more popular: Here's why
The mortgage rate for a one-year ARM is substantially lower than a five-year, seven-year or 10-year ARM. However, once the start period ends, rates -- and payments -- may go up or down. The possibility of higher monthly costs should be seen as real ...

US Mortgage Rates Remain Unchanged for Second Week
"Mortgage rates were little changed this week with the 30-year fixed-rate mortgage rate at 4.12 percent, just a basis point lower from the previous week. Meanwhile, on Wednesday afternoon the yield on the 10-year Treasury surged as data showed gross ...

In Personal Finance on 2 August
You may soon be able to choose the date on which to retire from your retirement fund. This move could boost your retirement savings significantly if you are able to keep working after retiring from an employer. If the amendment becomes law, as of next ...

Current Mortgage Interest Rates Remain Steady at Bank of America, Wells Fargo ...
Current Mortgage Interest Rates Remain Steady at Bank of America, Wells Fargo ...

Lenders cut mortgage interest rates
“With an interest rate rise likely to come at some point, borrowers should not take these mortgage rate cuts for granted. At some point lenders will be raising their fixed rates again so if you need the certainty of a fix, it makes sense to secure one ...

Mortgage Servicing Rights Values Close The Week Mixed After A 0.01% To 0.02 ...
Mortgage Servicing Rights Values Close The Week Mixed After A 0.01% To 0.02 ...

What would a planner do?
If the One Rand Man went to a financial planner, the planner would analyse his financial status, taking stock of what he has (pension fund, medical scheme and short-term insurance) and compare it with what he needs (including what else he needs such as ...

Finance lessons learned
“I'm glad it's over. I have my cards back and I'm quite relieved,” the One Rand Man said yesterday. Without access to his bank and credit cards for an entire month and living on cash only (R1 coins, to be exact) has changed the way he sees money, the ...

Why you get offered the worst mortgage rates
It's common to lock in a mortgage rate with a lender, but the longer the lock-in period you choose, the higher the mortgage rate you may be offered, as this exposes the bank to more risk. Alternatively, you may have to pay in points -- i.e., prepaid ...

4 personal finance principles to live by for a richer life
This is a common personal finance phrase that many people live by. But what does it really mean? No, paying yourself first isn't buying anything you want and letting your bills collect dust. Basically, it means that before you spend your new paycheck ...

Mortgage Rates: Why 2014 Is a Great Year to Buy a Home
Let's assume you buy a $250,000 house by making a 20% down payment and financing the rest with a 30-year fixed-rate mortgage. At the average historical mortgage rate since 1971 -- 8.52% -- the house would end up costing you $604,760 in interest and ...

Average U.S. mortgage rates decline slightly
Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year. Loading… Post to Facebook. Average U.S. mortgage rates decline slightly Average U.S. mortgage rates declined slightly this week, hovering near their lows ...

Your money Young Americans average on personal finance knowledge
When it comes to personal finance, a new survey shows high school students in the U.S. might not have the knowledge they need to manage money. The survey was part of the Programme for International Student Assessment, a test conducted every three ...

IDWBE-Egypt pumps EGP1.2bn in personal loan portfolio within 3 years
Industrial Development and Workers bank of Egypt (IDWBE) pumped EGP1.203 billion in personal loan portfolio within the period from June2011 and till 2014. Chairman of Board of Directors of the bank Hamdy Azzam said his bank attained 38% growth in ...

IDWBE-Egypt pumps EGP1.2bn in personal loan portfolio within 3 years
Industrial Development and Workers bank of Egypt (IDWBE) pumped EGP1.203 billion in personal loan portfolio within the period from June2011 and till 2014. Chairman of Board of Directors of the bank Hamdy Azzam said his bank attained 38% growth in ...

Retiring later can boost your savings
Retiring later can have a far bigger effect on your pension than trying to achieve a small increase in your investment returns, Michael Prinsloo, the head of consulting at Alexander Forbes, says. Prinsloo told trustees attending presentations on the ...

Not so golden: Wealth gap lasting into retirement
William Kistler views retirement like someone tied to the tracks and watching a train coming. It's looming and threatening, but there's little he can do. Kistler, a 63-year-old resident of Golden, Colorado, has been unable to build up a nest egg for ...

Mortgage Rate Predictions For August 2014 (FHA, VA, USDA & Conv)
According to Freddie Mac's weekly mortgage rate survey of more than one hundred banks, the average 30-year mortgage rates dropped one basis points (0.01%) last week to reach 4.12%; and the average 15-year mortgage rates dropped three basis points ...

Drive down the hidden costs of car rental
London, UK · HOME · News · Sport · Comment · Finance · Travel · Entertainment · Life & Style · Pictures · Videos · Personal Finance · City & Business · The Crusader · Home · Finance · Personal Finance; Drive down the hidden costs of car rental ...

10 Cheapest States for Mortgage Rates
There are many reasons locking into a low mortgage rate now is crucial. When it comes to 15- or 30-year mortgages, a 10th of a percentile can make a huge difference in terms of costs over the life of a loan, as well as month over month. And when rates ...

Personal finance tips: How to qualify for in-state tuition, and more
Plenty of people struggle with deciding how much life insurance to buy, said Leslie Scism at The Wall Street Journal. Unfortunately, that means many are "underinsured or have no insurance at all." As a rule of thumb, you should aim to buy "eight to 10 ...

Not So Golden: Wealth Gap Lasting Into Retirement
William Kistler views retirement like someone tied to the tracks and watching a train coming. It's looming and threatening, but there's little he can do. Kistler, a 63-year-old resident of Golden, Colorado, has been unable to build up a nest egg for ...

Voices: B. Kelly Graves, on Clients Who Spend on Adult Children
But it requires more documentation, and the banks typically won't offer a personal loan like this for a term longer than 10 years. In my experience, a middle-tier, local bank is more willing to make these kinds of out-of-the-box loans than a big ...

Personal Loans Offer Discipline for the Credit-Phobic
Americans borrow money in all sorts of ways—mortgages, auto loans, student loans and of course, credit card debt. Another product you may not hear about as often, though, is a personal loan. Unlike a credit card, where someone can charge up to a ...

How To Shop For Mortgage Rates
Buying a home might be the largest single financial investment you ever make. Due to the hefty price tag, you will likely need a mortgage. The interest rate charged on the loan ultimately determines the cost of the mortgage and the size of your monthly ...

Rate snapshot: Stocks improve, Treasuries remain volatile
The stock market started better this morning following the improvement in Europe's stock markets as the uncertainty about a stock market correction continues. Although the equity market have experienced recent selling, at this point if there is going ...

NY investigates mortgage firm's insurance deals
FILE - This march 7, 2012 file photo shows New York Financial Superintendent Benjamin Lawsky speaks in Albany, N.Y. New York's top financial regulator is investigating whether the nation's largest overseer of troubled mortgages, Ocwen Financial Corp., ...

Summary of Current Mortgage Interest Rates at Bank of America, Wells Fargo ...
Summary of Current Mortgage Interest Rates at Bank of America, Wells Fargo ...

Credit and loan agreement errors likely to trigger multimillion-pound payouts
In December 2012 it emerged that 152,000 people who have, or had, a personal loan from Northern Rock would each receive a windfall averaging £1,775 because of a paperwork glitch. The taxpayer picked up the £270m bill because the error happened ...

Current Mortgage Rates Drop 1/8% Because Of "Technology"
In a Rate-and-Term Refinance, the homeowner is either reducing the mortgage rate of the existing mortgage to something lower; changing the length of the existing mortgage to something different; or, both. Rate-and-Term Refinances are the most common of ...

Bank cuts mortgage rate for its new customers
But the big two have been pushing up charges and fees for current accounts, and have been leading the charge in variable mortgage rate hikes. And from next month an extra 50,000 Ulster Bank customers are set to be hit by fees after the bank changed its ...

Personal Finance 101
Home · News Viewer · Markets · Investing · Trading Deck · Personal Finance · Retirement · Economy · Industries · Log In · Games · Alerts · Watchlist · Portfolio · MarketWatch News Break Archives | Email alerts. Aug. 4, 2014, 4:50 p.m. EDT ...

Personal Finance 101 for college freshmen
Personal Finance 101 for college freshmen. 0 Comments. Tweet. new. Watchlist Relevance. LEARN MORE. Want to see how this story relates to your watchlist? Just add items to create a watchlist now: Add. Create Watchlist or Cancel Already have a watchlist ...

Now Available: Value - Personal Finance App: See Where Your Money Goes
[prMac.com] Athens, Greece - Our financial lives are complicated and unfortunately we are not all born gifted accountants. So when it comes to money management, we could all use a little help. Introducing Value, a new full-featured personal finance app ...

Rate snapshot: Stock indexes rally, factory orders beat expectations
Interest rate markets opened weaker this morning with the 10 at 2.50% at 9:00 am; US stock indexes rallied yesterday, this morning the key indexes at 9:00 a little lower. No news of consequence until 10:00 am when the ISM services sector index for July ...

30-Year Fixed Mortgage Rates Jump on GDP News, Then Settle; Current Rate is ...
30-Year Fixed Mortgage Rates Jump on GDP News, Then Settle; Current Rate is ...

SBI imposes restriction on extending personal loan
Mokokchung, August 5 (DIPR): State Bank of India (SBI) Branches in Nagaland state imposed restriction on sanction and disburse of personal loan to serving employee due to high level of Non-performing assets on account of 'non-payment (NPA) of due ...

Thirty-Year Mortgage Rate Eases in Latest Week -- Zillow
Real-estate website Zillow Inc. ( Z ) said its real-time rate on 30-year fixed-rate mortgages edged down in the latest week after spiking to its highest level in a month on Thursday. The 30-year fixed-mortgage rate on Zillow'sMortgage Marketplace ...

Zillow Mortgage Marketplace: Bumpy Week for 30-Year Rates
The 30-year fixed mortgage rate spiked early last week, peaking at 4.23 percent on Thursday before easing back down to the current rate on Friday. "Last week, mortgage rates temporarily jumped to the highest level in more than a month on the back of ...

Mortgage Interest Rates at JP Morgan Chase Bank on August 5, 2014
Mortgage Interest Rates at JP Morgan Chase Bank on August 5, 2014 This Tuesday, at the topmost American mortgage provider, JP Morgan Chase Bank (NYSE: JPM), the benchmark 30 year fixed mortgage interest rates did not experience any pleasant or ...

Summary of Current Mortgage Interest Rates at Capital One Financial (August 5 ...
Summary of Current Mortgage Interest Rates at Capital One Financial (August 5 ...

Coakley Latest Candidate To Release Tax Returns
BOSTON (AP) — Attorney General Martha Coakley and her husband reported an adjusted gross income of nearly $215,000 in 2013, consisting almost entirely of Coakley's salary of about $130,000 and her husband's pension of more than $83,000. Coakley is ...

International Personal Finance Plc Stock Rating Reaffirmed by Citigroup Inc. (IPF)
International Personal Finance Plc logo International Personal Finance Plc (LON:IPF)'s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Tuesday. They currently have a GBX 700 ($11.78) price target on ...

ANZ drops 2yr home loan rate below 6%
Emphasising just how competitive the home loan market is, ANZ has announced a further reduction in its 2 year fixed mortgage rate. This change comes just hours after both BNZ and SBS Bank lowered their two year rates to match ANZ at 6.09%. But ANZ has ...

Mortgage rate survey ranks Pa. 4th lowest
While rates vary from lender to lender and depend on a customer's credit score, on average the mortgage rates being offered in Pennsylvania are the fourth lowest in the nation, according to GOBankingRates, a mortgage rate comparison website based in El ...

Personal Finance: Good news on home mortgage debt
The 2007 financial crisis marked a painful denouement to the epic story of excess in the U.S. housing market. Millions of homeowners found themselves heavily indebted for an asset that had declined in value or even slipped under water. But today there ...

Mortgage rate hits new record low
Since recording started in 1965, the mortgage rate has never been so low. For an average, 10-year mortgage, with National Mortgage Guarantee, the rate is now less than 3.5 percent, the NOS reports. These figures from De Hypotheekshop show the ...

International Personal Finance Plc Rating Reiterated by Citigroup Inc. (IPF)
Citigroup Inc. reiterated their buy rating on shares of International Personal Finance Plc (LON:IPF) in a research note released on Tuesday morning. They currently have a GBX 700 ($11.78) target price on the stock. Citigroup Inc. has also updated their ...

Pa. ranked No. 4 state with cheapest mortgage rate
“Areas with a higher risk of default will command a higher mortgage rate,” Waller told GoBankingRates.com. “Much like we saw different areas of the country encounter varying degrees of housing default in the 2007-2008 housing crisis, different areas ...

With Today's Mortgage Rates Low, Homeowners Ditch Their 30-Year Mortgages
Last quarter, 46% of refinancing households ditched their existing 30-year fixed rate loan in favor of a shorter-termed 15-year or 20-year loan. It's the quickest exodus rate from the 30-year fixed rate mortgage in history. Low mortgage rates have been ...



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