Owner: Ray Boulger's Blog URL:http://www.charcol.co.uk/knowledge-resources/ray-boulgers-blog/ Join Date: Thu, 20 Sep 2007 03:34:43 -0500 Rating:0 Site Description: Ray Boulger is widely renowned as the guru of the mortgage industry and expert on the housing market. Ray is constantly called upon by the media to provide informed comment on all areas of the market, and is a regular on the BBC, Sky and ITV.
Site statistics:Click here
Some good news from the US at last! 2008-09-18 17:46:00 Freddie Mac reported today that the average rate for 30 year fixed rate mortgages fell further this week to stand at 5.78%, down from 6.35%just prior to the Fannie & Freddie nationalisation and the lowest rate since Feb 14. It said this was fuelling a boom in remortgaging, with remortgage applications up 58% from the mid August level.
Remortgaging a 30 year fixed rate mortgage with no early repaym
Leaks due soon on Crosby Report recommendations 2008-09-07 04:48:00 On the Andrew Marr show this morning Ed Balls said he understood the Crosby
Report was on The Chancellor's desk. On that basis we ought to start getting leaks soon from the Government on any proposals they want to float as being worth introducing, assuming of course there are some, bearing in mind the interim report warned the recommendation might be to do nothing. Read more:Leaks
Iceland gets even Deeper in the Brown Stuff 2008-10-09 05:07:00 Iceland has just announced that it has suspended all trading on its Stock Exchange until Monday.
This suggests to me there is going to be a really major announcement at the weekend. At best perhaps devaluation but possibly something even more serious like defaulting on its foreign debt. Read more:Iceland
, Brown
Bernanke signals Fed ready to cut 2008-10-07 13:01:00 In a speech to the National Association for Business Economics in Washington today Federal Reserve Chairman Ben Bernanke
signalled the Fed was ready
to cut interest rates in the light of worsening conditions in the credit markets, with the consequent negative impact on U.S. economic activity. He said “In light of these developments, the Federal Reserve will need to consider whether the current s
Landsbanki in receivership 2008-10-07 04:40:00 Reuters is reporting that Landsbanki has been put in receivership
Breaking News: Icesave suspends withdrawals 2008-10-07 04:12:00 Icesave suspended all transfers in and out of their ISAs and other accounts from 7.00. this morning. The following statement is on their web site:
We are not currently processing any deposits or any withdrawal requests through our Icesave internet accounts. We apologise for any inconvenience this may cause our customers. We hope to provide you with more information shortly.
.
. Read more:Breaking
Now ING needs Government Support 2008-10-19 15:24:00 Less than 2 weeks ago our Government
transferred the £2.5bn worth of retail deposits held by 160,000 UK customers in Icelandic bank Kaupthing Edge to ING. It also arranged for the transfer to ING of £538m of deposits held by British customers of the Landsbanki subsidiary Heritable Bank.
At the time (don’t forget this was less than 2 weeks ago) ING Direct's UK Chief Executive, Johan de Wit, sai Read more:Support
Recommend Site To A Friend
