Investigating mortgage rates not 'best use' of resources, consumer body tells MEP

Investigating mortgage rates not 'best use' of resources, consumer body tells MEP

The Competition and Consumer Protection Commission has told Irish MEP Brian Hayes that it does not plan to investigate the standard variable mortgage rates (SVRs) being charged here by lenders as this would not be the “best use” of its resources.

Read more on Irish Times

Freddie Mac Finds Mortgage Rate Drop Amid Underwhelming Job Growth

Variable-rate mortgages were down as well. According to Freddie Mac, 5-year Treasury-indexed hybrid adjustable-rate mortgages averaged 2.83 percent this week, down from last week's 2.92 percent. A year ago, the 5-year ARM averaged 3.09 percent.

Read more on The MReport

Aussies increasingly choose variable rates

Aussies remain optimistic that the Reserve Bank of Australia (RBA) will continue its cash rate cuts, figures from Mortgage Choice claim. Consequently, more borrowers are now opting for variable rates – as opposed to fixed – as they expect even lower …

Read more on yourMortgage.com.au (blog)

Shopping for a mortgage? Why you shouldn't ignore posted rates

First, posted rates matter for borrowers seeking a variable rate mortgage. The federal government views variable rate mortgages as more risky and it has sought to limit their growth by requiring borrowers to meet the qualifying standards for the higher …

Read more on bnn.ca

Competition best chance for hard-pressed SVR mortgage holders

On Tuesday evening the Dail kicked off a debate about a Fianna Fail motion on standard variable mortgages (SVR). Interest rates on these loans are still high by European standards and are also above the rates offered by banks to new borrowers. The cost …

Read more on Irish Times

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