Property Owner

MUMBAI: The Reserve Bank today raised the cap on individual housing loan an urban cooperative bank (UCB) can disburse to Rs 30 lakh from Rs 25 lakh. The central bank bank also raised repayment period for such loans to 20 years. The housing loan limit for another category (tier-II) UCBs has been increased to Rs 70 lakh from Rs 50 lakh, RBI said in a statement. “As announced in the Second Quarter Review of the Monetary Policy 2011-12, it has been decided to permit tier-I UCBs to extend individual housing loans up to a maximum of Rs 30 lakh per beneficiary of a dwelling unit and tier-II UCBs to extend individual housing loans up to a maximum of Rs 70 lakh per beneficiary of a dwelling unit subject to extant prudential exposure limits,” it said. Read full article…

Washington • The average rate on the 30-year fixed mortgage fell to 4 percent this week, nearly matching the all-time low hit just one month ago.

Freddie Mac said Thursday the rate on the 30-year loan dropped from 4.10 percent last week. Four weeks ago, it dropped to 3.94 percent — the lowest rate ever, according to the National Bureau of Economic Research.

The average rate on the 15-year fixed mortgage fell to 3.31 percent from 3.38 percent. Four weeks ago, it too hit a record low of 3.26 percent.

Mortgage rates tend to track the yield on the 10-year Treasury note. The

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One of our fabulous bloggers had a great idea about running a video series featuring everyday people and their money saving ideas.

That fabulous blogger was Rubina and she hit the streets of downtown Toronto last week with a camera crew in tow to find out how you keep more of your hard earned cash in your wallet.

Check it out:

Stay tuned for our next video when we crack the Christmas shopping blues with YOUR holiday spending tips.

Have you got a money saving idea that you want to share? Wed love to hear it.

“Twenty years after the regime change, Hungarians still do not care much for public property. A left-wing columnist blames the lack of public concern for public goods on the still prevailing heritage of “state socialism”.

“The country needs an overhaul. Small parts are replaced or revamped, but there are less and less opening ceremonies, so there are more and more obsolete, old, decayed, rusty vehicles, machines and buildings,” Ervin Tamás writes sadly in Népszabadság.

On October 4 an elderly woman suffered serious injuries after falling out of a moving bus in Budapest. The doors of the bus opened without any reason. Earlier in

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