Mortgage Best Rate

Posts Tagged ‘economy’

In recent years, the housing market has been on a very bumpy financial ride. Due to the sub-prime mortgage crisis which resulted in millions of homeowners losing their homes due to the inability to pay their monthly mortgage payments, President Obama’s mortgage refinance stimulus plan was implemented to help people stay in their homes and encourage people to buy a home. The plan included lowering interest rates so that people co Read the rest of this entry »

Even with our current economic times and the failure of several financial institutions, mortgages are here to stay. In fact, over 80% of all homeowners have mortgages. But, is this a wise decision or are these people asking for trouble? In this article, we will discuss whether it is wise to get a mortgagee as well as who you can trust in the mortgage industry. Lastly, we will provide you with some tips in dealing with the mo Read the rest of this entry »

Yesterdays announcement by the Bank of England delivered an unexpected statement that they were cutting their base rate by 1½% from 4.5% to 3%.  It has been done to kick start our stalling economy and to try and prevent a deepening recession. Everyone was expecting a ½%; but, we all hoped for a full 1% interest rate cut, so this announcement was a real surprise. This interest rate cut is the largest ever percentage cu Read the rest of this entry »

You’re probably wondering when and how fast the economy is likely to recover for a lot of strategic planning reasons like: when are sales likely to increase, or when should I hire more employees. Every business is different, but overall you should see the following occur within a reasonable margin for error. These figures were created from historical unemployment data from 1976 to Dec. 2009. These projections are purely economi Read the rest of this entry »

The fact that the Bank of England (BOE) has slashed interest rates by 1.5% to 3%, I think shows how worried they are about the British economy.

In a Bloomberg survey of 60 economists, nobody had predicted such a large cut in one go.

You would be forgiven for wondering what the reasoning behind this decision is when inflation has reached over 5%, and the BoE are supposed to target 2%. However, the BOE a Read the rest of this entry »