Mortgage Industry News
A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Today's mortgage and refinance rates: May 16, 2021 | Rates go up
If you buy through our links, we may earn money from affiliate partners. Learn more. Most mortgage rates have increased since last Sunday, but are down since this time last month. Mortgage rates are still low overall, so it could be a good time to…
Top business stories this week: Amazon managers hire to fire
Welcome to this weekly roundup of stories from Insider's Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday. Some Amazon managers say they hire people they intend to fire just to meet their…
Mortgage experts warn buyers of 'volatile' housing market
Mortgage experts are warning buyers to avoid mistakes in a 'volatile' housing market. It comes after the Bank of England announced this week that UK homeowners borrowed £11.8 billion more on mortgages than they repaid in March. Net mortgage…
US banks could cut 200,000 jobs over next decade, top analyst says
US banks stand to shed 200,000 jobs, or 10 per cent of employees, over the next decade as they manoeuvre to increase profitability in the face of changing customer behaviour, according to a banking analyst. “This will be the biggest…
Dear Startups: Don't repaint, reinvent
Image Credits: MassanPH / Getty Images I feel hungover. No, not in the traditional sense, but in the dizzying way you feel when half of your world is celebrating double vaccinations and no masks, and the other half, across the world, is mourning…
Central Bank: mortgage lending caps are here to stay
The strict rules on deposits and how much we can borrow have in fact prevented a credit-fuelled bubble, says Central Bank deputy governor The current price increases being witnessed in the housing market are not being caused by a…
Saudi bank mortgage portfolios to expand 30 percent annually says S&P
The credit ratings agency expects mortgage portfolios in the banking sector to expand by about 30 percent annually over the next couple of years DUBAI: Strong housing demand and the government's commitment to meet Vision 2030 targets is expected to…
Soros Bought $375MM Of The Shares That Archegos Was Liquidating
An interesting thing happened in late March as news spread that Bill Hwang's Archegos family office was liquidating after being hit with the biggest margin call since Lehman: George Soros, or rather his investment firm Soros Fund Management, was…
I tried to use crypto profits to buy a £1m house but my lawyer blocked me
Cryptocurrency millionaires are being blocked from spending their huge profits on property as solicitors and lenders struggle to deal with a new breed of homebuyer. Traders in digital currencies, which have soared in value, have been shunned by…
Soros Bought Up Stocks Linked to Bill Hwang's Archegos Implosion
Soros Fund Management disclosed stakes in ViacomCBS, Discovery Investment firm added to Amazon position, exited Palantir Billionaire George Soros's investment firm snapped up shares of ViacomCBS, Discovery and Baidu as they were being sold off in…
Refinance, renovate, move? - Mortgage Matters
There is no doubt that the real estate market in and around the Okanagan is hot. There are not enough homes on the market, so we are seeing multiple offers and record high sale prices. If you are a home owner and were considering a move this year…
Spacs lose their deal 'pop' as fever fades
Shares in special purpose acquisition companies are sliding following takeover announcements, a marked reversal of the enthusiasm for these vehicles earlier this year which could threaten their ability to do deals. Of the 13 Spacs that have…
How to Buy a Ghost Town
Visiting a ghost town is one of the closest things we have to time travel. If left undisturbed, the town remains suspended in time; perpetually stuck in the year it was abandoned. Fortunately, some ghost towns have been incorporated into state and…
The best home-buying advice I ever got helped me build my business, grow my family, and stay out of debt
At 26, a mentor warned me to buy less house than I could technically afford. I followed that advice and my family was able to live comfortably on one income when I had a baby. That advice also helped me build my business from scratch after having…
Inflation Angst Turns TIPS Into Must-Watch $1.6 Trillion Market
Auction next week means focus on TIPS market set to continue Market in ‘negative feedback loop on inflation,' trader says The U.S. is about to sell 10-year inflation-linked debt next week, keeping the spotlight on a corner of the bond market…
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