Sentences with phrase «basis point reduction»

If you wait for some more quarters, you may see few more basis points reduction, so it all depends on your requirement.
Growth in net interest income was driven by strong loan growth, partially offset by the impact of a three basis point reduction in net interest margin (teb) to 2.56 %.
On Jan. 30, 2017, NAR sent a letter to Department of Housing and Urban Development Secretary Designee Ben Carson asking the Federal Housing Administration (FHA) to reinstate the 25 basis point reduction of the annual mortgage insurance premiums that would have applied to mortgages with a closing or disbursement date of Jan. 27, 2017 and to eliminate the life of loan insurance premium.
A 100 basis points reduction causes significant interest outgo difference given my loan account.
I do not have factual data, but assuming the points in the article above are facts, then we see that in base rate regime a reduction of 120 basis points resulted in 50 - 60 basis points reductions by banks.
Growth of 7 % in net interest income (teb) was driven by very strong 13 % loan growth, partially offset by the impact of a 13 basis point reduction in net interest margin (teb) to 2.43 %.
The Canadian dollar was down for a fifth consecutive trading day, losing 0.58 of a U.S. cent to 79.04 cents as traders anticipate a second rate cut following a surprise 25 basis point reduction in January that was intended to stimulate the economy.
To illustrate the magnitude of this, we can estimate the effects of a 100 basis point reduction in the cash rate on net interest payments (as a share of household disposable incomes; Graph 6).
The Bank of Canada today announced what appeared to be a dramatic cut (witness the splashy headlines) in the target for the overnight rate — a 50 basis point reduction.
Compared to last quarter, net income available to common shareholders increased 3 %, reflecting the combined positive impacts of 9 % higher other income and very strong loan growth, partially offset by an eight basis point reduction in net interest margin.
Growth in net interest income was driven by strong loan growth, partially offset by the impact of a nine basis point reduction in net interest margin (teb) to 2.70 %.
A senior economist at Databank, Mr Courage Kingsley Martey, said in an interview with the Daily Graphic that while the decision to reduce the policy rate was expected, the magnitude of the cut was a pleasant surprise, as it turned out to be more than the 100 basis points reduction that was expected.
I have estimated the Templeton Global Bond Fund MER after adjusting for the recently announced 50 basis points reduction in fees.
Private estimates of the negative impact of the new housing measures on overall economic growth vary, but most expect the contractionary effect to be roughly a 30 - to - 50 basis point reduction in growth over the next twelve months.
That concern may turn out to be misplaced as one major bank immediately announced it was only lowering its prime lending rate to 2.75 per cent — passing on 10 basis points of the 25 basis point reduction.
Homebuyers who complete housing counseling before signing a contract to purchase a home and who complete additional pre-closing housing counseling will receive a 50 basis point reduction in the upfront FHA mortgage insurance premium (MIP) and a 10 basis point reduction in the annual FHA MIP.
Homeowners that participate in post-closing counseling, and have a track record of timely mortgage payments, receive an additional 15 basis point reduction in annual MIP.
The 25 - basis point reduction — a basis point is 0.01 percentage point — would have made FHA mortgages more affordable just as interest rates were on the rise.
Trump administration has suspended the Federal Housing Administration's (FHA) 25 basis point reduction of the FHA Annual Mortgage Insurance Premium rates for mortgages with a closing / disbursement date on or after January 27, 2017.
In addition, NAR has sent a letter to the HUD Secretary Designate, Dr. Ben Carson, opposing the suspension of the 25 basis point reduction.
In fact, Fannie Mae offers a 10 - basis point reduction in the interest rate of a multifamily refinance, acquisition or supplemental mortgage loan for LEED - certified multifamily buildings.
a b c d e f g h i j k l m n o p q r s t u v w x y z