News

Low fixed mortgage rates continue

Average fixed mortgage rates fell to an all-time new record low for the sixth consecutive week amid weak economic and job data, according to Freddie Mac’s Primary Mortgage Market Survey.

Halifax: U.K. house prices rise 0.5 Pct in May

House prices in the U.K. rose by 0.5 percent in May, rebounding from a 2.3 percent decline in April, according to recent figures released by mortgage lender Halifax showed on Thursday.

Australia's recent rate cuts not aimed house prices

Australian Reserve Bank of Australia (RBA) Governor Glenn Stevens said Friday that recent interest rate cuts are not designed to spare mortgage holders the pain of falling house prices.