| Taking steps toward refinancing a rental property Washington Post, 31 July 2010 I have a rental property that I bought five years ago for $170,000 but now is valued at $120,000. I have a mortgage at 6.75 percent with about $45,000 in equity on the property. I am not in financial difficulty, but I would like to take advantage of low interest rates. Is it possible to refinance... Business and Economy - Real estate - Property - Oceania - Africa Mortgage rates again at new low; average for 30-year fixed loan at 4.54 percent Washington Post, 31 July 2010 Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making home-buying and refinancing -- for those who can get loans -- the most attractive it has been in decades. Mortgage - Business - United States - Financial Services - Loan Effects of financial reform law might not be felt for a while Washington Post, 31 July 2010 The financial reform bill signed into law by President Obama might look like a cornucopia of helpful changes for homebuyers and loan applicants -- not the least of which will be the creation of a powerful Consumer Financial Protection Bureau to ride herd on the mortgage lending industry. But how ... Law - United States - Politics - Business - Health Care Reform Citigroup agrees to $75 million SEC settlement on subprime mortgage investments Washington Post, 30 July 2010 Citigroup, one of the nation's largest banks, agreed Thursday to pay $75 million to settle a Securities and Exchange Commission complaint that it misled investors about $40 billion of its holdings in subprime mortgage investments. Citigroup - Subprime lending - Business - Allegedly Unethical Firms - Financial services More global news stories... |
| Bank | Rate | Movement | Move Date | Next Decision | |||
|---|---|---|---|---|---|---|---|
 | Bank of England | 0.50% | 0.00% | 10 Jun '10 | 08 Jul '10 | Graph (see below) | Official Release | |
 | Federal Reserve Bank of New York | 0.25% | 0.00% | 28 Apr '10 | 23 Jun '10 | Graph (see below) | Official Release | |
 | European Central Bank | 1.00% | 0.00% | 06 May '10 | 10 Jun '10 | Graph (see below) | Official Release |
Bank of England Historical Base Rates
Click the graph link next to a bank in the list above to change this graph.With the US housing market experiencing a slow down and the US subprime mortgage market in crisis, there is increasing concern over the vulnerability of the economies of other countries where there has been a boom in house prices over the past decade.
This site exists to provide information and discussion related to the housing market.
- Links to articles from the UK, American and Australian press are updated daily here
- A discussion board for you to share you experiences of house buying and selling, and to ask the advice of others
- Statistics, including historic interest rates of major economies, housing market indicators, and predictions
- Some links to selected property market and economic websites
- Quotes from housing market pundits through the years
External Sites