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President Touts Reno Couple's Refinance

18.05.12

"We were just upside down," she says. "We owed more than the house was worth or had been appraised at.

Interest rates had fallen far below those on their loan so refinancing seemed a good idea.

"We were stuck. We went to our bank and they said, ' sorry, we can't help you.'"

But during that speech the president was announcing he was ordering changes that would make it easier for homeowners like Valerie and her husband Paul to refinance their homes.


Source: KOLO

National Bank to lower base refinance rate to 34 percent on May 16

18.05.12

9:55, — Economics

The National Bank of Belarus (NBB) will lower its base refinance rate from 36 to 34 percent on May 16, said the NBB press office on Friday.

The rate on overnights, lombard credits and swap transactions will subsequently be reduced from 60 to 55 percent and on overnight deposits from 23 to 20 percent.


Source: Charter 97