Finance & Mortgage
- US Mortgage Rates Remain Unchanged for Second Week
- U.S. mortgage rates hardly changed for the second consecutive week ended Thursday July 31, according to the latest results of the weekly primary mortgage market survey conducted by Freddie Mac, the government backed lending giant.
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- Banks Granting More Multi-Million Dollar Mortgage Loans
- More banks in the U.S. are approving multi-million dollar mortgage loans to wealthy buyers as rates remain at record lows, according to some news reports.
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- US Housing Market Stabilizing, Freddie Mac
- The U.S. real estate market is stabilizing with housing activity stalling in several states, according to Freddie Mac's latest Multi Indicator Market Index (MiMi).
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- US Mortgage rates Remain Unchanged at Record Lows
- Mortgage rates in the U.S. for the week ended Thursday, July 24 remained relatively flat, according to the latest mortgage index survey by Freddie Mac, the government backed lending giant. Rates held steady at record lows boosting affordability for potential home buyers.
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- Survey Finds Prospective Home Buyers Unaware of Ownership Costs
- A majority of the prospective home buyers are unaware of how much a mortgage would really cost them, a new survey conducted by Discover Home Loans found.
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- Will JP Morgan Chase Stop Issuing FHA Loans?
- JP Morgan Chase & Co., the second largest mortgage lender in the U.S., may stop issuing Federal Housing Administration (FHA) loans, Jamie Dimon - CEO of the company - suggested at a latest earnings call.
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- US Mortgage Rates Inch Down to Remain at Record Lows
- Mortgage rates in the U.S. inched down a little this week on "light economic reports", according to Freddie Mac, the government-backed lending giant's weekly interest rates survey.
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- China Home Sales Surge on Easing Regulations and developer Discounts
- Home sales in China went up 33 percent in June after local governments started easing the stringent property regulations and allowed developers to offer discounts to boost home buying activity.
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- Citigroup Pays $7 Billion to Settle Faulty Mortgage Probe
- Citigroup Inc., the famous banking institution, announced Monday that it had agreed to pay $7 billion in fines to the U.S. Justice Department (DoJ) after it was found guilty of selling faulty mortgage securities to investors that eventually led to the financial crisis in 2008.
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- London Home Prices Falling as Government Steps in with Property Curbs
- The inflated property market of London will soon see prices falling as the government and the Bank of England together take measures to slow down the fast-rising real estate prices in the City, the Royal Institution of Chartered Surveyors (RICS) announced Thursday.
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- Chinese Cities Easing Housing Curbs to Boost Sluggish Property Market
- As the Chinese real estate bubble threatens its own and several other economies around the world, several cities have already started easing the stringent curbs on housing that bogged down buying activity in the country.
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- Broad Growth in US Home Prices Reflect Wide Recovery
- Home prices have been accelerating for some time now in the U.S. but this time, the growth is broad and across several states, which is a reflection of a wider economic and housing market recovery.
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- Empire State Building Owners Ask Judge to Dismiss Lawsuit over REIT Dispute
- The Malkin Family, owners of the iconic Empire State building, which is the centerpiece of the Empire State Realty Inc., has asked the judge in charge of an infamous shareholder-dispute case to dismiss the lawsuit filed against them.
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- Mortgage Rates for 30-Year Loans Slip for Straight Third Week
- Mortgage rates in the U.S. for 30-year loans slipped straight third week and lowered the borrowing costs.
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- Average U.S. Mortgage Rates Decline after Rising for two Consecutive Weeks
- The average mortgage interest rates in the U.S. fell after rising for two consecutive weeks with fixed rates declining lower than the figures recorded at the same time last year, according to Freddie Mac - the government-backed lending giant's weekly survey.
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