Finance & Mortgage

Mortgage Rates Drop Due To Stock Correction, Unpredictable Oil Prices, Presidential Election 2016

Mortgage rates forecasters saw the increase in interest rates for 2015 as a sign that home loan rates will also rise. However, the opposite hasd happened because the average on a 30-year fixed loan was at its lowest level this year and it could still go down into new record territory.

Panama Papers: Why London Property Market Is The Ideal Place To Hide

The so-called Panama Papers had turned the world's attention recently to the London property market, which suddenly became the destination of enormous amounts of money. The Panama Papers leak contained files of over 11.5 million of encrypted internal information from the Panamanian law firm Mossack Fonseca that had led to different reports revealing the foreign ownership of several prime properties from London.

Generation X Homeownership To Remain Low In Coming Years

The housing bust had affected a number of Americans that belonged to the Generation X. This conclusion was based on the federal data analysis, which suggested that the rate of homeownership for the said group was likely to remain low in the coming years.