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Australian Federal Government To Lend Money To Struggling State Governments
Federal Treasurer Wayne Swan plans to aid struggling individual states that are having a tough time raising money, by issuing sovereign debt and using some of the proceeds to purchase state issued bonds.
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No Huge Savings in Switching to a Variable Rate Home Loan
November 10, 2008 · Filed Under Featured Articles, Hints and Tips, Self Help, home loans, mortgages · Comment
One could be forgiven for looking at declining interest rates, and feeling a little buyers remorse if you recently took out an Australian mortgage and opted to pay a fixed interest rate. Switching from a fixed to variable interest rate could save mortgage holders several thousand dollars a year. But if you have recently taken out a home loan and chose to pay a fixed rate, then exiting the agreement is simply cost prohibitive.
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