The average
face interest rate on the portfolio increased to 8.19% per annum, as compared to 8.09% at December 31, 2017
BOSTON - Five banks have created a $125 million fund to refinance mortgage loans for New England borrowers who are keeping up with monthly payments but
face interest rate increases that could eventually put them at risk of losing their homes.
But in reality, when households try to get a loan, they have no choice but to
face interest rates that are higher than the interest on savings.
Farmers like Brivia
face interest rates as high as 120 percent if they resort to borrowing, FAO said, noting that a recovery plan should be speed up address the problem.
Revenue has already warned if people choose to defer paying the tax they will
face interest rates of 4% - for example if your only income is social welfare and you can't afford to pay.
People turning to payday loan firms can
face interest rates of up to 4000 per cent and be hit with hidden charges such as high fees for reminder letters.
Greece's Deputy Finance Minister Philippos Sachinidis told Mega TV that Athens wanted the euro zone to "send the proper message to markets so that the next time Greece goes out to borrow in international markets it will
face interest rates that price the Hellenic Republic in a better way."
The Council of Mortgage Lenders, the trade association for mortgage firms, was reported as saying homeowners could
face interest rates of more than 10pc - an extra pounds 227.61 a month on a typical pounds 80,000 mortgage.
If Britain joins, we
face interest rates which bear no relation to the needs of our economy; centralised regulation which will inevitably add to the cost burden on business and make Britain less competitive; centralised taxation which can only mean higher taxes; and complete loss of control over our own fate.