News

30-Year Fixed Mortgage Drops to Historic Low 3.51 percent

This week the average U.S. rates on fixed mortgages hit a new record low--at 3.51 percent for 30-year fixed mortgage, reported The Associated Press.

UK Bedroom Tax May Drive Residents into Expensive Rentals

The U.K. “Bedroom Tax” which is slated to come into effect from April 2013 might cost the local and council housing association tenants a fortune, while also forcing them to pay more in taxes. However, following constant charges from housing associations and charities, Iain Duncan Smith, U.K. Secretary of State for Work and Pensions has been forced to review the reform.

BMW to Move Distribution Center to Redlands, California

German luxury auto manufacturing giant, BMW will be moving operations of the Ontario distribution center/ warehouse to the outskirts of Redland, California. Construction on the new warehouse will start in the second quarter of 2013 and is expected to be completed by 2014.