Archive for 'Loan Rates'
Head of FSA: Times of cheap credits have ended
12 March 2008The head of the British Financial Services Authority, FSA, has declared the ending of era of cheap crediting in the British banks, predicting, that creditors will avoid complex financial products for the benefit of old-fashioned banking, based on relations.
Such comment from Hector Sants has appeared before the publication of internal check concerning the nationalization and [...]
British mortgage has unexpectedly became inaccessible (Part 2)
27 February 2008The average price for real estate has grown for 10 years by 182 % - from 70 thousand to 197 thousand pounds sterling. The peak of rise in prices has fallen at last summer when Halifax has predicted a 11,4-percent annual gain. Now Halifax estimates annual inflation of prices for real estate in 4,5 %, [...]
Russian financial market holds the ground, but squeaks
29 January 2008And this creak first of all is reflected in small and medium banks. In searches of the way-out from an adverse situation they fasten eyes on the average investor.
Deposit interest rates grow, drawing potential investors. Today it is not a problem to find deposits at about 12-15 % per annum. However such tempting “percent†dies [...]
Middle February Russia will raise mortgage bank-rates and make requirements more rigid
25 January 2008Agency on mortgage housing crediting takes measures on strengthening of the mortgage market in Russia against the background of world mortgage crisis. This agency belongs to the state fully, from creation on the basis of the government’s decision up to a full share holding.
The initial installment will be increased from 10 up to 20 percent, [...]
The Bank of England can cheapen cost of credits at the nearest session
15 January 2008The Bank of England can lower interest rates at the nearest session on January, 10. According to The Wall Street Journal, it can be caused by new signs of national economy depression.
Experts predict that European Central Bank will keep cost of credits on Thursday at a former level - 4 percents per annum. For [...]
Mortgage crisis in the USA knocks Russia (Part 1)
9 January 2008The economy has lost cheap credits, the companies have postponed IPO, and banks have experiences problems with liquidity.
The main event for the world economy last year was mortgage crisis in the USA, which at once has developed into “credibility gap” of financial institutions in the world market. Artificial stimulation of the American economy - [...]
