This week, the average rate for a 30-year fixed mortgage fell to 3.75%, compared with 4.54% a year ago, according to the Freddie Mac Primary Mortgage Market Survey.
Life-insurance companies are scouring their policies to identify ways to raise rates and fees and lower the amount of interest they have to pay on savings products as low interest rates cut into.
The recent wave of out-of-cycle mortgage rate reductions is expected to be entrenched by a cut to the official cash rate, which some analysts predict could come as early as next month. ‘Imminent’ RBA cut to ‘validate’ low-rate environment | My Business
By now you know that the RBA has once again cut interest rates.that’s old news. But in a recent Oliver’s Insight, Shane Oliver – Head of Investment Strategy and Chief Economist at AMP Capital – explains why cutting the inflation target would be a big mistake and more rate cuts are likely to be needed ultimately taking the cash rate to a low of 0.5% next year.
Tesco’s mortgage rethink + restaurants off the menu – Daily Business Magazine Tesco (LSE: TSCO) has now been struggling for years to turn its core business around and return to growth, without much success. But after reporting a 260m profit overstatement earlier this year.
Mortgage News Daily provides up to the minute mortgage and real estate news including mortgage rates, mortgage rss feeds and blog.
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A report released this week by the Federal Reserve Bank of New York revealed that the rate of delinquencies was steady at 4.65% in the last quarter, but Moody’s says this is a cycle low. interest.
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Last week, the Reserve Bank of Australia (RBA) lowered the official cash rate to a new record low of 1 per cent, marking the second month in a row in which the cash rate had moved – after nearly three years of inertia. The adjustment provoked an immediate response from the mortgage market, with several lenders, including the big four passing on the cut.
Hundreds of thousands of mortgage-holders, as well as small businesses, are set for a reprieve on anticipated higher repayments. A slow-down in the economies of countries in the eurozone means an.
Housing News Podcast: Mortgage marketing in a low interest rate environment Listen to this week’s latest episode, featuring the Mortgage Market Expert June 10, 2019
Kentuckians get $18 million in Bank of America mortgage settlement The settlement did not require states to spend the bulk of their share on housing, but that was the intent. While states have announced plans to use $977 million. by five large mortgage servicers;.The QM Patch’s Impact on Affordable Housing GSE reform must allow risk to be reasonably pooled in the secondary market and should limit the centrality of risk-based pricing in any approach to reform. Risk-pooling advances broader economic mobility by allowing lower-income borrowers to access the same rates as higher-income borrowers.