RBC cuts 5-year fixed mortgage rate, other banks expected to follow – Royal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent. mortgage rate comparison website founder Robert McLister says RBC is the first.
Bank of Canada raises mortgage qualifying rate following. – · The Bank of Canada raised the conventional five-year mortgage rate from 5.14 per cent to 5.34 per cent after all Big Six banks raised their posted five-year fixed mortgage rates in.
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Mortgage litigation claims could hit Spanish bank results: Bank of Spain – . claims related to an historic method for pricing mortgages that could have a big impact on their profits, the Bank of Spain said on Tuesday. Spain’s mortgage rate index (IRPH) was an alternative.
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Westpac First Big Australian Lender to Raise Mortgage Rates. – Westpac Banking Corp. raised its key mortgage rate, the first of the nation's biggest banks to decide passing on higher funding costs is worth.
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A crisis of confidence’ at Vernon Hill’s U.K. bank – . delivering the necessary rate of return” with mortgage rates so low, Cronin said. “The large U.K. banks can throw massive.
Westpac raises variable mortgage rates – ABC News. – Westpac will increase its variable mortgage rates to counter rising funding costs that are threatening the bank’s profit margins. It is the first of the big four banks to raise interest rates for.
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NZ’s biggest, independent site dedicated to mortgage rates. – The Reserve Bank’s proposals to force banks to keep extra capital could be a "significant headwind" to the economy and reduce the availability of credit, according to ANZ economists. The demise of the capital gains tax proposal and record low mortgage rates will led to a pick-up in housing demand.