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Loan overnight : Why Payday Loans Can Save You

Loan overnight : Why Payday Loans Can Save You

Payday loans are loans which are offered to be repaid on the day you receive your salary. This therefore means that you need to salaried for you to qualify for the payday loans. There are so many lenders out there offering the loans and processing them within very short periods of time. It is actually possible to have the...

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Breaking News

  • Overnight cash rates flat; tax payments eyed

    "Repo borrowing has dropped due to some government spending and as people have already built up products for advance tax payments over the last two days," said Anuj Tagra, a fixed income dealer with state-run Union Bank of India. Total volumes in the

  • Cash rates steady; advance taxes may hurt

    Overnight cash rates is largely steady at 8.00/8.05 per cent versus Monday's close of 8.05/8.10 per cent as demand remains largely stable in the first week of the reporting fortnight. However, traders warn rates could inch up towards 8.15-8.25 per cent

  • Cash rates steady; repo borrowing rises

    Overnight cash rates continued to trade steady at 8.00/8.05 per cent as most banks had already borrowed for their average weekly requirement based on the estimated advance tax outflow earlier in the week. Corporates are required to pay advance taxes by

  • Banks' overnight borrowings from RBI drop to Rs 16000 cr

    Banks overnight borrowings were from the RBI's repurchase window, or cash support extended against a collateral of government securities. The fall happened despite the beginning of the advance tax payment seasons. Normally, ahead of the advance tax

  • New Oriental Sinks as Block Renews Allegations: China Overnight

    The shares fell 0.4 percent to close at $16.60 in New York, giving up an earlier advance of as much as 7.8 percent that was sparked by New Oriental saying a probe into Muddy Waters's allegations against the company showed no fraud. New Oriental had

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News Summary: Rates on US mortgages at record lows
RATES AT RECORD LOWS: Average U.S. rates on fixed mortgages fell again to record lows this week. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.

Rate on 30-year mortgage hits record low 3.40 pct.

In this Friday, Sept. 21, 2012, photo,a home is for sale in Oklahoma City. Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates. Mortgage buyer Freddie Mac said Thursday, Sept. 27, 2012, the rate on the 30-year loan dropped to 3.40 percent. That's down from last week's rate of 3.49 percent, which was the lowest since long-term mortgages began in the 1950s. (AP Photo/Sue Ogrocki)Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.

Already signs Fed action is working: Boston Fed's Rosengren
QUINCY, Massachusetts (Reuters) - The Federal Reserve's decision last week to buy large quantities of mortgage-backed securities is already having a positive effect on wholesale mortgage rates, the president of the Federal Reserve Bank of Boston said on Thursday. Eric Rosengren, in a speech to a chamber of commerce in the Boston suburb of Quincy, also said the U.S. economy was clearly in better shape than some developed peers internationally, but still not strong enough to bring the unemployment rate down more quickly. (Reporting By Ben Berkowitz; Editing by Chizu Nomiyama)

Ahead of the Bell: Weekly mortgage rates
Loan buyer Freddie Mac reports Thursday on whether mortgage rates are continuing to hold near recent low rates.

U.S. mortgage refinancing applications rise as rates hit record low: MBA

A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of WashingtonNEW YORK (Reuters) - Applications for home mortgages dipped last week, though demand for refinancings rose as mortgage rates fell to a record low, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, edged down 0.2 percent in the week ended Sept 14. The seasonally adjusted index of refinancing applications gained 0.80 percent. The gauge of loan requests for home purchases, a leading indicator of home sales, tumbled 3.8 percent. ...

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