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Personal Finance News 07/2015



Welcome to the Real World: Personal Finance Tips for New Grads
The unfortunate reality is that most young adults have received little instruction about personal finance at the moment they need it most: when entering the workforce and starting "real life." To help your daughter start out with confidence and avoid ...

AP News in Brief at 5:58 a.m. EDT
ATHENS, Greece (AP) — Crowds of anxious elderly Greeks thronged banks for hours from before dawn Wednesday, struggling to be allowed to withdraw their maximum of 120 euros ($134) for the week, after Greece reopened some banks to help pensioners ...

Permanent TSB has announced mortgage rate cuts - will other lenders follow suit?
On the day of the Minister for Finance's deadline for some movement on bank mortgage rates, Permanent TSB has announced that the rates for its 70,000 standard variable rate customers will fall from 4.5 percent to a range of 3.7 percent to 4.3 percent ...

Jobs Report To Release One Day Early This Week, Affect Mortgage Rates
Freddie Mac reports the average 30-year fixed rate conventional mortgage rate at 4.02% nationwide. VA mortgage rates and FHA rates are lower. For most of this year, according to Ellie Mae, VA rates have averaged 30 basis points (0.30%) percentage ...

Personal Finance: Why you will always be poor
GOBankingRates talked to numerous personal finance experts, asking them all the same question: What is the No. 1 reason people end up poor or in financial hardship? Read on to find out what problems they say are keeping you broke, as well as what they ...

Personal loan, credit card see growth
The banking industry has witnessed a robust growth in credit card and personal loan segment, though demand from other sectors continue to grow at a slow place. According to Reserve Bank of India data, personal loans increased 16.6 per cent in May 2015 ...

5 Things Every New American Should Know about Personal Finance
A As the nation celebrates Independence Day, many Americans think about what it was like for the early settlers arriving on our shores for the first time. Those early pioneers faced much uncertainty when it came to basic survival and the ability to ...

ASB forecasts lower floating mortgage rates
Floating mortgage rates should fall sharply over then next four months with bank economists expecting the Reserve Bank to slash the official interest rate back to 2.5 per cent. ASB is the latest bank to say it expects the central bank to cut the ...

Current Mortgage Rates Roundup for July 1, 2015
With that in mind, it's more likely that 30-year mortgage rates will hit the 4.25%-4.5% range at the end of the year, than seeing them falling below 4%. In order to search for live mortgage rate quotes from some of the top U.S. lenders, please click on ...

Mortgage rates fall, then stage a comeback in Greek melodrama
... percentage points higher than the 52-week average. The benchmark 15-year fixed-rate mortgage fell to 3.34% from 3.35%. The benchmark 30-year fixed-rate jumbo mortgage fell to 4.18% from 4.21%. The benchmark 5/1 adjustable-rate mortgage rate rose ...

June Jobs Report Shoves 30-Year Mortgage Rates Lower (FHA, VA, USDA ...
June Jobs Report Shoves 30-Year Mortgage Rates Lower (FHA, VA, USDA ...

30-year mortgage rate rises to 4.08%, highest since October
WASHINGTON -- The average rate for a 30-year fixed-rate mortgage rose to 4.08% in the week that ended July 2, reaching the highest rate since October, from 4.02% in the prior week, according to a Thursday report from federally controlled mortgage buyer ...

Prudential Financial again teams with The Root to produce weekly personal ...
Prudential Financial again teams with The Root to produce weekly personal ...

Prudential Financial again teams with The Root to produce weekly personal ...
Prudential Financial again teams with The Root to produce weekly personal ...

Average US rate on 30-year mortgage rises to 4.08 percent
In this photo taken Tuesday, June 9, 2015 a sold sign is displayed in the yard of a newly constructed home in the Briar Chapel community in Chapel Hill, N.C. Average long-term U.S. mortgage rates rose this week, reaching high levels for the year ...

Personal loan problem. help please
i am so much worried because of my personal loan. Actually i took 42000 loan from dubai islamic baank this march and paid 4 months installment.i had a salary of 3700. My company forced me to resign or to get terminated. they convinced me to get ...

Current Mortgage Rates for Thursday, July 2, 2015
Nonetheless, the week-to-week impact on most rates was modest — the 30-year mortgage rate increased just 6 bps, to 4.08 percent. The MBA composite index of mortgage applications fell 4.7 percent in response to what is now three consecutive weeks of ...

Average 30-year mortgage rate rises to 4.08 percent
Average 30-year mortgage rate rises to 4.08 percent. WASHINGTON (AP) - Average long-term U.S. mortgage rates rose this week, reaching high levels for the year. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage ...

Money wisdom for new grads
Most recent American college grads never had a personal finance class yet will soon know the dizzying, dangerous euphoria of a regular paycheck. You still have time to give a grad a priceless gift: tools, tips and words of money wisdom on investing ...

Weekly Money : the personal finance stories you might have missed 29 June to 3 ...
Weekly Money : the personal finance stories you might have missed 29 June to 3 ...

Liberum Capital Reiterates Sell Rating for International Personal Finance Plc ...
Liberum Capital Reiterates Sell Rating for International Personal Finance Plc ...

International Personal Finance Plc's "Sell" Rating Reaffirmed at Liberum ...
International Personal Finance Plc's "Sell" Rating Reaffirmed at Liberum ...

Teachers still sought in home economics field
Middle and high school classes shifted to include more career exploration, personal finance, family dynamics and nutrition, especially as childhood obesity rates and the popularity of processed foods grew, the Omaha World-Herald (http://bit.ly/1NsI1K2) ...

Analysts at Liberum Capital Reconfirmed their Sell rating for International ...
Analysts at Liberum Capital Reconfirmed their Sell rating for International ...

Teachers still sought in home economics field
Middle and high school classes shifted to include more career exploration, personal finance, family dynamics and nutrition, especially as childhood obesity rates and the popularity of processed foods grew, the Omaha World-Herald (http://bit.ly/1NsI1K2 ...

Here's how Fed rate hike would pinch borrowers
The last six years of extraordinarily low interest rates have been all about rewarding borrowers at the expense of savers. But that is probably coming to an end. If the Federal Reserve begins raising short-term rates by year's end, as anticipated if ...

Mortgage crisis still persists in north St. Louis city, county
Among the Missouri ZIP codes with the worst distressed mortgages, the underwater mortgage rate is as high as 55 percent in the 63115 ZIP code and as low as 40 percent in 63033 and 63138, according to Zillow. No information was available for 63136, ...

International Personal Finance Plc Earns "Sell" Rating from Liberum Capital (IPF)
International Personal Finance Plc logo Liberum Capital reissued their sell rating on shares of International Personal Finance Plc (LON:IPF) in a research report released on Friday morning, Analyst Ratings Net reports. Liberum Capital currently has a ...

Barry Glassman: Money wisdom for new graduates
Most recent American college grads never had a personal finance class yet will soon know the dizzying, dangerous euphoria of a regular paycheck. You still have time to give a grad a priceless gift: tools, tips and words of money wisdom on investing ...

A gift for grads: Tips on money management
Most recent American college grads never had a personal finance class yet will soon know the dizzying, dangerous euphoria of a regular paycheck. You still have time to give a grad a priceless gift: tools, tips and words of money wisdom on investing ...

Personal Finance Q&A: Pay off student loans or seek debt forgiveness?
Dear Liz: I have $105,000 in medical school loans with an interest rate of 2.875%. I have another consolidated federal loan at 6%. I'm making $180,000 in the private sector and like my job. Should I consolidate everything, try to get a public sector ...

Current Mortgage Rates Roundup for July 5, 2015: What to Expect from the ...
Current Mortgage Rates Roundup for July 5, 2015: What to Expect from the ...

Chinese small investors look for way out of stocks
A Chinese woman stands behind a glass panel near stock prices displayed on a board at a brokerage house in Shanghai, China, Monday July 6, 2015. Shares in big Chinese state companies rose Monday following weekend promises of government action to ...

The One-Year Shopping Ban: How This Woman Lived On Just 51% Of Her Income
Four years ago, Cait Flanders, a personal finance writer in Vancouver who turns 30 tomorrow, pulled out her credit cards and faced the truth she had been avoiding for years: She was $25,000 CAD ($19,800 USD) in debt, and most of it had been frittered ...

Mortgage Rate Forecast: Rates To Re-Approach 2015 Lows
Discount points are one-time fees paid at the time of closing and which are used to "discount" a borrower's mortgage rate. For IRS purposes, discount points can be treated as prepaid mortgage interest which is why, in many cases, discount points are ...

Mortgage rates continue rise
The benchmark 30-year fixed mortgage rate ticked up slightly to 4.19 percent according to Bankrate's weekly national survey. “Mortgage rates were up again this week as the tone of U.S. economic data remains positive. The improving U.S. economy is ...

What You Need to Know: Personal Loans for Students
This is where a personal loan can come in handy. A personal loan is sent directly to you and allows you to control what the money is used for. The student is in charge with dictating how much money is needed, and the bank lends the student money ...

Five Tips for Covering Personal Finance
Covering personal finance means offering information to readers and sometimes, it even means offering financial counseling. Readers want to learn how to improve their finances and often turn to journalists for help. Here are our top five tips for ...

3 Steps to Getting the Best Mortgage Rate
Buying a home is a convoluted process. Beyond the research needed to find a property that meets needs and preferences, there are a number of factors that can make or break the sale during the mortgage phase. Because home loans can be for amounts of ...

Most of what Britons think they know about personal finance is wrong
The average person in Britain has a poor understanding of many aspects of personal finance, according to research. In particular, we grossly underestimate the cost of big life events such as having children, going to university and retiring. The ...

The price is wrong: survey exposes lack of personal finance knowledge in UK
The price is wrong: survey exposes lack of personal finance knowledge in UK. British people drastically underestimate cost of raising children and saving for a pension . Most know the price of a pint of milk, though. Money. Only 1% of people surveyed ...

Students Grade Themselves "C" or Worse, Lack Confidence in Personal Finance
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank, the fifth-largest commercial bank in the United States, today released its 2015 U.S. Bank Students and Personal Finance Study based on a survey of 1,640 college students. Half of those surveyed said they ...

Personal Finance: Building a back-to-school budget
In 2014, Forbes reported that Accenture estimated that nearly half of respondents reported they would spend $500 or more on back-to-school expenses, including not only clothes and desk supplies, but electronics as well. Advertisement. Yet there's one ...

EXCHANGE: Program teaches lessons in financial literacy
In this May 28, 2015 photo, students in Diane Conklen's class work on a program to teach financial literacy at Reagan Middle School in Dixon, Ill. The class have been using Banzai, a financial literacy program, to learn personal financial management ...

Westpac, ANZ Tighten Investor Mortgage Lending as Prices Surge
From July 25, ANZ Bank will only grant mortgages to investors who are still able to service loans if rates rise to 7.25 percent, compared with their current variable mortgage rate of 5.38 percent. Westpac, ANZ and National Australia Bank in May scaled ...

Mortgage Applications bounce back
A Washington, D.C., reporter for more than 30 years, Jim Limbach covers the federal agencies for ConsumerAffairs. Previously, he was a reporter and news anchor for Associated Press Broadcast Services, where he covered business and consumer news as ...

Times When an Adjustable Rate Mortgage Makes Sense
An adjustable-rate mortgage (ARM) typically offers a lower initial interest rate than a traditional 30-year fixed loan. You will often hear them expressed as five-year, seven-year or ten-year ARMs; that means that you will have the same rate for that ...

Best Efforts Sales are Alive and Well: The Cost of Rate Lock Extensions Explained
For many lenders regardless of size, health care costs are expensive. Unfortunately it is about to become worse. The New York Times reports health insurance companies around the country are seeking rate increases of 20% to 40% or more, as new ...

Summer Budget: the personal finance measures
George Osborne has unveiled a Summer Budget for individuals, full of personal finance measures. Here we look at the big changes affecting your pocket. Income tax. The “personal allowance” — the threshold at which most taxpayers start paying income tax ...

Personal Finance: How to keep vacation scam-free
But sadly, con artists aren't taking any vacation breaks. They know how to trick us with “free” vacations, fake vacation rentals and even a crazy con related to ordering takeout food. One big scam starts out with an offer to get a free vacation if you ...



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