Mortgage

Mortgage applications set a record for the third straight week as lower rates largely benefit the wealthy

March 20, 2019

Lower rates are not giving mortgage demand any sizable boost, except when it comes to higher-end homes. Total mortgage application volume rose 1.6 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 1.8 percent higher than a year ago. The gains came mostly from refinance volume, […]

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Why You Might Not Want to Pay Off Your Mortgage Early

March 17, 2019

Many financial planners, myself included, often advise people against paying extra toward their mortgage — especially if their mortgage has a historically low interest rate like many originated in recent years do. There are some good reasons for this. For starters, most people have other debts that should be higher on their priority list. Furthermore, […]

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How to calculate what credit score you need to get a mortgage for a house

March 9, 2019

There was a time when you could get a mortgage, regardless of your credit score. There were no-credit loans, loans for people without incomes or assets, and even home loans for people who had recently declared bankruptcy. Unfortunately, these lax lending standards were a major contributor to the near-collapse of the U.S. financial system in […]

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Weekly mortgage applications jump 5.3% as lower rates seem here to stay

March 2, 2019

In this Tuesday, July 17, 2012 photo, a single family home is offered for sale in the Hollywood area of Los Angeles. Average rates on fixed mortgages fell again this week to record lows, creating more incentive for buyers to enter the recovering housing market. Mortgage buyer Freddie Mac said Thursday, July 19, 2012, that […]

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Mortgage rates fall to one-year low, setting the stage for a sunny spring selling season

February 23, 2019

A woman looks at real estate listings in a brokerage window. Rates for home loans fell to the lowest in over a year as investors remained concerned about economic headwinds, setting up the housing market for a strong spring season. The 30-year fixed-rate mortgage averaged 4.35% in the February 21 week, mortgage guarantor Freddie Mac said […]

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UK Court Asks Vijay Mallya To Pay 88,000 Pounds To Swiss Bank

February 18, 2019

Vijay Mallya has been residing in the UK since the last two years London: Fugitive Indian businessman Vijay Mallya on Thursday faced a major setback in his battle to save his luxurious London house from foreclosure by Swiss bank UBS after the United Kingdom (UK) High Court rejected scores of the arguments presented by his legal […]

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Home Loan Interest Rates Of SBI, HDFC Bank, ICICI Bank Compared

February 18, 2019

ome Loan Interest Rates: SBI offers various products under its home loans. India’s biggest mortgage lender HDFC Bank hiked interest rates on home loans by 20 basis points with effect from August 1, as mentioned on bank’s website- hdfc.com. This is the third time this year that HDFC has raised its lending rates. This hike […]

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When The American Dream Became A Mortgage Nightmare

February 18, 2019

During the real estate boom, it was easy to get a mortgage (Representational) Miami:  A decade ago, as the financial crisis raged in the United States, Jesus Rodriguez told his kids a fib: he was selling the family furniture because they were moving to Disney World. The truth was Rodriguez was desperate for money, having […]

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RCom Moves Tribunal To Withdraw Ericsson Appeal

February 18, 2019

Reliance Communications said on Monday it has moved the National Company Law Appellate Tribunal (NCLAT) to withdraw its appeal to settle dues with Ericsson so as to pursue a debt resolution plan via the National Company Law Tribunal. The NCLAT has asked Swedish telecom equipment maker to file its reply regarding the matter by February […]

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Zee Crisis Shows IL&FS Impact Beyond Finance

February 18, 2019

The opportunity to own the largest broadcaster in a consumer market of 1.3 billion people doesn’t arrive all that often; even more rarely does it come after a single-day 26 percent rout in the stock. The special situation has arisen because of Indian infrastructure financier-operator IL&FS Group’s sudden $12.8 billion bankruptcy. Analysts who believed the […]

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