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Is cash-out refinancing right for you? Dear Dr. Don, I have a question of whether to refinance. We have been in our home for 21 years and are not close to retirement. Our ages are 49 and 51, and we have a first and second mortgage. The first mortgage has a balance of $68,000, and the interest rate is 6.125 percent. www.bankrate.com
Canada Bubble Seen as IMF Risk With Record Low Rates: Mortgages Kevin Lau, a Toronto-based technology consultant, says he can’t wait to take advantage of the lowest mortgage rates in Canadian history to buy a second condominium and rent his current home. www.businessweek.com
ANZ leaves variable rates unchanged ANZ leaves variable interest rates for retail mortgages and small business loans unchanged. news.brisbanetimes.com.au
ANZ leaves interest rates on hold ANZ Banking Group has left its variable interest rates for retail mortgages and small business loans unchanged after a meeting of its pricing committee today. www.adelaidenow.com.au
LV= cuts equity release rates LV= is cutting rates on its lifetime and flexible lifetime mortgages, its second reductions of the year. www.mortgageintroducer.com
Is a cash-out home refinancing right for you? Dear Dr. Don,I have a question of whether to refinance. We have been in our home for 21 years and are not close to retirement. Our ages are 49 and 51, and we have a first and second mortgage. The first ... finance.yahoo.com
Official interest rates on hold at 2.5 per cent Reserve Bank governor Alan Bollard has signalled interest rates will be left on hold for longer, giving further breathing room for Kiwis on floating rate mortgages. www.stuff.co.nz
Ottawa prepared to cool housing market if necessary, as interest rates stay low OTTAWA - Ottawa is prepared to once again intervene to discourage home buying if necessary, Finance Minister Jim Flaherty said Tuesday after the central bank warned low interest rates will likely cause Canadians to pile on more debt. ca.news.yahoo.com
Dutch Debt Deduction Threat Seen Jeopardizing Market: Mortgages For the Dutch, holders of the most mortgage debt as a percentage of gross domestic product, tax breaks on house payments are more than a government policy. They’re a tradition under threat. www.businessweek.com
Dutch Debt Deduction Threat Seen Undermining Stable Investments: Mortgages For the Dutch, holders of the most mortgage debt as a percentage of gross domestic product, tax breaks on house payments are more than a government policy. They’re a tradition under threat. www.bloomberg.com
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