Comments on: Cheap Mortgage Rates Predicted for UK Homeowners

By: Aris A

Aris A — Tue, 06 Oct 2009 15:31:44 +0000

I am European, and we can change money for a fee at any bank in my home country.
The first time I arrived here to the USA, I tried to change money at several banks. They either don't do it, take several does or like they told me, I had to be a member of their bank.
Duh, how the heck am I supposed to be a member if I am just a tourist????

Anyways, I would advice you to bring a credit card or cash (credit better, so you don't walk around with wads of money in your pocket).
Do not expect to change foreign currency here in the USA that easy…
Maybe it was that I went to Virginia, and now I live in Mississippi (where they don't have banks where you can change currency that easily).

By: lexie s

lexie s — Tue, 06 Oct 2009 15:31:44 +0000

By: Boogers

Boogers — Tue, 06 Oct 2009 15:31:44 +0000

Credit Unions are the best and most reasonable rates. You have obviously been good with your payments, so your score should be good. They offer the best rates and will treat you like a friend and not a number or a loan profit.

By: Carefree

Carefree — Tue, 06 Oct 2009 15:31:43 +0000

The way banks make money is by getting money (either from other banks BoE, depositors, or other sources) and then loaning or investing that money at a higher rate then they are paying to get it. The difference between the rate they pay to use the money (ie. the rate they pay people who deposit money in savings/checking accounts in their bank) and the rate they make on it (ie. the rate of the mortgage/car loan they make, the interest they make on investments) is called the spread.

When the rate that they are able to borrow money from other sources (in this case, the BoE), the less they are willing to pay you in the form of a savings account to borrow your money. Therefore, when LIBOR (or other target rate) decreases, so does the interest rate that the bank will offer for a savings account.

By: Dr. PFayce

Dr. PFayce — Tue, 06 Oct 2009 15:31:43 +0000

It would make sense if you are paying a higher rate than 6%.
You can do that if you like. Discover card and Chase cards are offering 3.99% on balance transfers up to 4 years but not sure if its only by invitation. You just have to read the fine print and see what is suituable for you.
To read more about best rates on balance transfers click-yahoo-personal finance-credit cards.

By: Naveen V

Naveen V — Tue, 06 Oct 2009 15:31:43 +0000

Hi!!! I dont know the reason for low calling rates during night times. But I got a site which offers very low calling rate. Find the below link.

One Year Unlimited Free Calling to 25 Destinations! – http://cbnk.biz/HLG7U310471WWGNYEE-selva

By: Penny

Penny — Tue, 06 Oct 2009 15:31:42 +0000

Sure. Banks can charge whatever interest they want. Similarly, they can pay whatever interest they want.

And, actually, mortgage rates aren't directly tied to the prime anyway.

Having said that, a mortgage rate of 6.1% in today's market is actually quite good. You're highly unlikely to find one below 5%. Unless it's some sort of teaser rate or some sort of ARM (adjustable rate mortgage). But that was one of the contributing factors to the sub-prime meltdown. So they're more difficult to find today. And if your finances are so thin that you need one below 5%, then maybe you should rethink your purchasing plans, or at least the amount you can pay for a property.

Go see a good mortgage broker. He/she will tell you what you can qualify for, and what the rates for your situation are.

By: hari s

hari s — Tue, 06 Oct 2009 15:31:42 +0000

http://www.bankrate.com
check it out

By: hottie

hottie — Tue, 06 Oct 2009 15:31:42 +0000

Check out Washington Mutual. Everything should be free for all the basic items.

Lots of banks don't charge for the basic services.

By: ananiasacts

ananiasacts — Tue, 06 Oct 2009 08:31:39 +0000

Now, over a year later, still way lower than 4% and our dollar hasn’t collapsed. So where’s the video where Lyndon explains why his prophecy failed?

If phonies like this imbecile actually believed what they claim, they’d either be bankrupted by their bad bets or billionaires. That’s why it’s so easy to dismiss them as pure frauds. Well meaning most likely, but so hopelessly prejudiced, and ideologically based they’re incapable of doing much past deluding themselves and others.