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Home Sales Fall Amid High Mortgage Rates, Low Supply
Business

Home Sales Fall Amid High Mortgage Rates, Low Supply

Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to a seasonally adjusted annual rate

U.S. Supreme Court turns away challenge to Trump's tariffs on steel imports By Reuters
Stock Market

Angelo Gordon-backed REIT in $300 million bid for Western Asset Mortgage By Reuters

© Reuters. By Anirban Sen NEW YORK (Reuters) – AG Mortgage (NYSE:) Investment Trust Inc, a real estate investment trust (REIT) managed by Angelo Gordon

BoE's Bailey urges firms to assume lower inflation when setting prices By Reuters
Finances

Bank of Canada’s record tightening campaign exposes lenders’ mortgage risks By Reuters

© Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie By Nivedita

BoE's Bailey urges firms to assume lower inflation when setting prices By Reuters
Finances

US 30-yr mortgage rate tops 7% for first time since last fall By Reuters

© Reuters. FILE PHOTO: A row of residential houses stands in Brooklyn’s neighborhood of Bushwick, New York, U.S., September 16, 2022. REUTERS/Amr Alfiky (Reuters) –

Germany reaches deal with EU on future use of combustion engines By Reuters
Finances

UK mortgage rates surge to 15-year high after surpassing ‘mini-budget’ peak By Reuters

© Reuters. A man walks past houses ‘For Sale’ in a residential street in London, Britain, September 27, 2022. REUTERS/Hannah McKay LONDON (Reuters) -A key

Nervousness over banks sends euro 1% lower despite PMI By Reuters
Finances

Hong Kong’s easing of mortgage rules boosts home visitors, but not deals By Reuters

© Reuters. FILE PHOTO: A general view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo By Clare Jim HONG KONG

The Money-Saving Mortgage That Isn't Working Right Now
Finances

The Money-Saving Mortgage That Isn't Working Right Now

Most borrowers don’t stand to gain by favoring adjustable-rate mortgages over 30-year fixed loans. Source link

Finances

Hong Kong raises maximum mortgage available for homes valued up to $3.8 million By Reuters

© Reuters. FILE PHOTO: A general view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo By Clare Jim and Twinnie

Freeport-McMoRan (FCX) Declares $0.08 Dividend
Stock Market

Ellington Residential Mortgage REIT (EARN) Declares $0.08 Dividend

Ellington Residential Mortgage REIT said on April 10, 2023 that its board of directors declared a regular monthly dividend of $0.08 per share ($0.96 annualized).

Chinese Consumers' Lack of Confidence Is Causing a Rush of Mortgage Prepayments
Finances

Chinese Consumers' Lack of Confidence Is Causing a Rush of Mortgage Prepayments

Worries about future income levels and poor investment returns are pushing borrowers to repay debt early. Source link