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Interest Rate

A collection of news and information related to Interest Rate published by this site and its partners.

Top Interest Rate Articles

Displaying items 12-22
  • L.A. Council calls for banks to renegotiate bond interest rates

    L.A. Council calls for banks to renegotiate bond interest rates
    The Los Angeles City Council unanimously voted Wednesday to try to get out of borrowing deals with banks that advocates say are siphoning off money from the city. But at the council meeting, questions arose about how and where the city could use any...
  • L.A. council votes to pressure two banks to redo interest rate swaps

    The Los Angeles City Council voted unanimously Wednesday to seek to redo borrowing deals with two banks that advocates say are charging excessive interest rates and eating up money that could help with major infrastructure repairs. The vote made Los...
  • China credit plunge argues for interest rate cut but no quick action seen

    BEIJING (Reuters) - China's surprisingly sharp and sudden drop in credit has strengthened the case for the central bank to cut interest rates, but policy insiders believe it will be reluctant to take more aggressive steps and for now will stick to more...
  • Marcie Geffner: How much equity can you cash out of home?

    Home equity loans are back. The opportunity to get a cash-out refinance, home equity loan or home equity line of credit is once again alive and well. But how much equity can or should you extract from your home? Home equity options aren't as...
  • Did the banks rip off Los Angeles?

    Did the banks rip off Los Angeles?
    Big U.S. banks have paid billions of dollars to settle claims by state and federal prosecutors that they trapped unsophisticated borrowers in disastrous subprime mortgages at the height of the housing boom. Now, some Los Angeles City Council members argue...
  • Polyana da Costa: Home equity loans, HELOCs available again

    Home equity loans and lines of credit are making a comeback. Not long ago, homeowners who had some equity often used cash-out refinances to pay for home remodeling, to consolidate debt or pay for a child's school tuition. But that was when mortgage...
  • South Korea second-quarter GDP seen slowing as government works on stimulus

    SEOUL (Reuters) - South Korea's economy likely posted its weakest growth in more than a year in the June quarter, with a deadly ferry accident hitting consumption and offsetting a modest recovery in exports. The trade-reliant economy had earlier this...
  • L.A. councilman wants Wall Street banks to cut bond refinance fees

    A Los Angeles city councilman wants out of deals with two Wall Street banks he says are costing the city money. Councilman Paul Koretz introduced a motion Friday that calls on two banks to either renegotiate contracts with the city at no cost, or for...
  • Honking garbage trucks in L.A.: That's no way to deal with Wall Street

    Honking garbage trucks in L.A.: That's no way to deal with Wall Street
    A coalition of city labor unions and community activists say big banks preyed on Los Angeles and other municipalities, locking them into interest rate swap deals that ended up costing taxpayers millions of dollars after the economic crash. So, how do...
  • Cash in on your home

    Even if you have no plans to sell or buy, you can cash in on your home. Rising home prices mean you have more equity and more options. You can refinance to cut your monthly mortgage payment and total interest, do a cash-out refi to simultaneously...
  • Back to school: Financial education: Part Two

    A recent report from the Securities Exchange Commission and the Library of Congress found that "low levels of investor literacy have serious implications for the ability of broad segments of the population to retire comfortably, particularly in an age...