Photo: RNZ/Nate MacKinnon Borrowers are being told that if they want the best mortgage rates available, they need to ask for “under the covers” discounts. Since the central bank signalled a more flexible stance in its most recent OCR review, many economists have brought forward their expectations about the timing of a rate cut, with wholesale markets now pricing in a rate cut even sooner. Westpac Banking Corporation cut some of its short-term interest rates, taking its one-year special rate to 6.89%, followed by ANZ Bank, which also cut its interest rates, taking its one-year special rate to 6.85%. But…
Author: Private Lending Agent
9. Offer premium rental rates for remote workers The corporate world has undergone dramatic changes during and after the COVID-19 pandemic, one of the biggest changes being the rise of remote and hybrid work. Simply put, if you want to stand out in a competitive rental market, consider turning your property into a remote work hotspot. You'll attract responsible, career-minded tenants. You can achieve this by setting up a dedicated workspace that is both comfortable and functional – ideally, this area should be located away from the main living space to ensure the peace and quiet that is so essential…
Pakistan, July 15, 2024: The Federal Board of Revenue (FBR) is all set to streamline monthly tax rates for Small and Medium Enterprises (SMEs) under the Tajir-e-Dost regime. The regime aims to simplify tax compliance and promote a business-friendly environment in the country, making it easier for business owners to manage their tax liability. Under the Tajir Dost scheme, the FBR will implement monthly tax rates to encourage voluntary tax compliance. Moreover, it will ease the burden on small and medium enterprises. Related article: FBR projects tax-to-GDP ratio at 9% for 2024-25 The FBR will classify businesses according to their…
With inflation not falling as quickly as previously expected, central bank interest rates will remain higher for longer than expected. That was the main conclusion emerging from the International Monetary Fund's (IMF) latest World Economic Outlook released on Tuesday.Pierre-Olivier Grunschas, chief economist at the International Monetary Fund (IMF), during a press conference on April 16, 2024. [AP Photo/Jacquelyn Martin]In an interview with the Financial Times about the report, IMF chief economist Pierre-Olivier Grunschas said central bankers should “prepare for further challenges” as they seek to bring down inflation.He said upward pressure on services prices in both the United States and…
The average private rent in England rose by 8.6% in the 12 months to June 2024, according to the latest data. According to the ONS, in the 12 months to June 2024, average rent prices rose to £1,310 in England (8.6%), £743 in Wales (8.2%) and £959 in Scotland (8.4%). In Northern Ireland, average rents rose by 10.3% in the 12 months to April 2024. Sam Reynolds, CEO of Zero Deposit, commented: “Much of the pre-election noise was predictably focused on the housing market, but with rents continuing to rise, it's vital that the new government gives the current rent…
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LOS ANGELES (CNS) – Southern California home sales slowed for a second straight month in June, the California Association of Realtors said Wednesday, as 30-year fixed-rate mortgages remained above 7 percent during May, when most of those sales entered escrow. The June sales pace was down 0.8% from a revised 272,410 in May and down 2.7% from a revised 277,690 for the same period in 2018. The sales pace has remained below the 300,000 threshold for 21 consecutive months, and cumulative home sales for the first half of the year are 0.5% below last year's level, according to CAR. subscribeThe…
Southern California home sales slowed for a second straight month in June, the California Association of Realtors said Wednesday, as 30-year fixed-rate mortgages remained above 7% throughout May, when most of those sales entered escrow.The June sales pace was down 0.8% from a revised 272,410 in May and down 2.7% from a revised 277,690 for the same period in 2018. The sales pace has remained below the 300,000 threshold for 21 consecutive months, and cumulative home sales for the first half of the year are 0.5% below last year's level, according to CAR.The number of existing single-family home escrow sales…
Southern California home sales slowed for a second straight month in June, the California Association of Realtors said Wednesday, as 30-year fixed-rate mortgages remained above 7% throughout May, when most of those sales entered escrow. Want to know what's happening in Southern California every weekday afternoon? Click here to follow The LA Local wherever you get your podcasts. The June sales pace was down 0.8% from a revised 272,410 in May and down 2.7% from a revised 277,690 for the same period in 2018. The sales pace has remained below the 300,000 threshold for 21 consecutive months, and cumulative home…
FRESNO, Calif. (KSEE/KGPE) – Staff Sergeant Nathan Tomshack served in the U.S. Army for six years. He was deployed to Iraq, Afghanistan and Africa before being honorably discharged in 2014. During his time overseas, he was involved in several attacks. He now suffers from back and knee injuries and PTSD. To honor Sergeant Tomshack's dedication to his country, several organizations have come together to award the Central Valley veteran a mortgage-free home. A groundbreaking ceremony for Sergeant Tomshack's new home took place on Wednesday. “It's been a life-changing experience, and it's something that my wife and I have talked about,”…