Interest rates on payday loans limited
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Interest rates on payday loans to military service members would be limited under an agreement reached Friday by House and Senate Republicans.
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Investor's Business Daily - The Mortgage Bankers Association said its mortgage applications index fell 3.8% in the June 22 week to the lowest level in 4 months. Applications are still 16.8% above the year-ago level. Mortgage rates held near recent highs. Refinance applications slid 2.5% to its lowest level of the year. Applications for buying a home fell 4.9%, but only to a 4-week low.
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WASHINGTON -- Interest rates on short-term Treasury securities rose in yesterday's auction. The Treasury Department sold $19 billion in three-month bills at a discount rate of 1.515 percent, up from 1.470 percent last week. An additional $17 billion was sold in six-month bills at a rate of 1.750 percent, up from 1.725 percent.
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Lock in the lowest rates of the summer. Get up to 4 free quotes from trusted lenders. Apply now - bad credit OK.
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The ECB is likely to raise interest rates in a regular monthly policy meeting scheduled on Thursday. The key rate that is now at a historic low of 2% will probably be raised to combat inflationary pressures.
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Interest rates on US 30-year mortgages edged slightly lower in the latest week, continuing to offer an enticing rate to prospective home owners, mortgage finance company Freddie Mac said on Wednesday.
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Investor's Business Daily - Even before Tuesday's 0.75% slash in the federal funds rate by the Federal Reserve, mortgage rates had been sliding. Last week's cut pulled down home loan rates more.
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SAVERS in Abbey's Instant Access Isa should switch out of the account  or they will see their interest rate drop by as much as 1.05pc. On July 1 this account 'converts' into the lowerpaying Easy Isa.
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The Bank of England today held the base interest rate at 4.75% for the fourth consecutive month, with the decision coming amid evidence of a slowdown in house price growth and weak economic data.
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The European Central Bank has left interest rates in the eurozone unnchanged for the sixteenth consecutive month. Despite a slowdown in the 12-nation zone, the bankers today (Thursday) decided not to adjust the rate of 2%.
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Investor's Business Daily - The Mortgage Bankers Association's application index fell 7.6% to 603.8 in the week ended Dec. 21, the lowest since Dec. '06, despite lower borrowing costs. Both home purchase and refi applications fell. Mortgage applications have been especially volatile in recent weeks. Fixed 30-year mortgage rates fell 8 basis points to 6.1%. One-year adjustable rates tumbled 46 basis points to a 1-month low of 6.03%.  U.S. commercial paper issuance grew by $1.2 bil in the week ended Dec. 26 to $1.785 tril, after a big decline in the previous week, the Fed said. But asset-backed paper fell by $15. ...
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Interest rates on short-term Treasury securities rose in yesterday's auction. The Treasury Department sold $19 billion in three-month bills at a discount rate of 2.20 percent, up from 2.16 percent last week. An additional $17 billion was sold in six-month bills at a rate of 2.40 percent, up from 2.37 percent.
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The Bank of England held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase, the central bank announced.
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As one payday lender prepares to go private, are its competitors potential investments?
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The Bank of England has left its key lending rate at 4.75 percent for the fourth month in a row, but analysts are split over whether borrowing costs will go up again next year.
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London equities  ticked lower on Thursday, with the Bank of England&#39;s monetary policy committee increasing interest rates by 25 basis points to 5.75 per cent, in line with expectations.
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Interest rates on short-term Treasury bills came in mixed in yesterday's auction. The Treasury Department auctioned $19 billion in three-month bills at a discount rate of 5.010 percent, unchanged from last week.