August 29th, 2008
As the housing crisis continues, the need for low rate loans has become acute for millions of households across the United Kingdom. The cost of living has left many struggling to make ends meet and they are now turning in increasing numbers to low rate loans for assistance. While not many are available, some lenders are beginning to drop their rates significantly in response.
“With no sign of credit conditions easing and house prices continuing to fall, we expect delinquencies to continue rising and losses to increase over the coming quarters,” said Kate Livesey, credit analyst at S&P.
“Bank of China is facing a very serious challenge to its strategy and business mix,” said Wang Yihuan, a Beijing-based analyst at China Asset Management. “Its overseas operations and large foreign exchange holdings have been and will continue to be a drag on profit, and management can’t fix that quickly.”
“BOC should trade on a lower earnings multiple because of the volatile mark-to-market credit losses, said Todd Dunivant, a Hong Kong-based analyst at HSBC Holdings. “It has $57 billion of black-box U.S. dollar assets and we don’t really know what they are.” Dunivant rates the stock “neutral.”
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August 22nd, 2008
Experts cannot seem to come to an agreement on the availability of low rate loans. While there are some banks providing these low rate loans, it appears as though consumers are having to jump through many hoops just to get them. The average amount of applications it takes to get a low rate loan are […]
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August 15th, 2008
Despite the decision to keep interest rates where they are, many consumers are still seeking low rate loans. Comparison sites are doing booming business as people try to find a low rate loan in an attempt to save money.
Ted Scott, manager of the F&C UK Growth & Income Fund, commented: “The MPC’s decision to leave […]
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August 8th, 2008
Although it does appear as though low rate loans may soon be returning, experts are urging caution, citing that when this happens, there is often another higher price to pay. Although low rate loans have been scarce, these experts are not yet jumping up and down over the lowered costs, as they wait to see […]
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August 1st, 2008
Several industry experts are pushing for a new way to get more low rate loans available for consumers. Although demand is high for low rate loans, few banks are willing to drop their rates at this time. The push is on to get the government to do something to free up more low rate loans.
CML […]
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July 18th, 2008
Britons are finding it increasingly hard to get low rate loans and few have anywhere to turn for help. Interest rates are going up and although a few banks did announce new low rate loans, the majority are still charging premium rates. This is affecting homeowners and loan holders alike and many wonder how long […]
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July 10th, 2008
As interest rates continue to climb, consumers are finding it harder than ever to find a low rate loan. Banks are simply not interested in lowering their rates at this time, due in a large part to the amount of losses they are facing with bad loans. At this point, all consumers that need a […]
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June 26th, 2008
As consumers seek out low rate loans, they are finding it increasingly difficult to land one. Banks have changed the application process and if a consumer cannot lock in the bank on a low rate loan, they may find out that the interest rates are too high. It is vital right now, according to experts, […]
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June 19th, 2008
As low rate loans become harder to find, many different sectors are feeling the pinch. Home builders are really feeling the pain right now as applications for new low rate loans are increasingly being denied. For those that need to find financing, the news is not much better. Even having perfect credit will not get […]
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June 13th, 2008
Consumers are now finding that it is getting more difficult to get an approval for a low rate loan thanks to many factors. Banks are raising their interest rates making low rate loans nearly extinct. Those that do offer an approval on a low rate loan are charging high closing costs. In all, it appears […]
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