Still working to pay off your mortgage at 60 – the spectre haunting Generation …
A third of 20 to 45 years olds reckon they will still be paying off mortgage debt beyond the age of 60 - and fear they'll be forced to work beyond retirement age to clear it. The latest Generation Rent report from Halifax shows delays getting onto the ... [...]
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CFPB Plots 'Clarifying' Changes to TRID in July
The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry. In a letter Thursday to industry trade groups, CFPB Director Richard Cordray ... [...]
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Mortgage Rates: Houses And Cheap Loans To The Economy's Rescue
Mortgage rates posted their biggest weekly jump since November, pushing the average cost of a 30-year loan to 3.66 percent as the Federal Reserve wrapped up its April meeting. While rates are at their highest since March, home loans are cheaper than ... [...]
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Mortgage rates wander upward but may be headed back down
Bond yields had been heading higher, bringing mortgage rates along with them. Then the Federal Reserve met this week, opting not to raise its benchmark rate. Not only that, in its statement, the central bank said that “economic activity appears to have ... [...]
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A lesson for Shaw's critics from President Obama
But former finance ministers such as Jamaica's Dr Peter Phillips; the International Monetary Fund's (IMF) Christine Lagarde; Americans Alan Greenspan and Ben Bernanke; and Britain's John Major and Gordon Brown, among other esteemed company, ... [...]
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Struggling council offers social workers incentive of £10000 towards mortgage
A desperate council is offering new social workers £10,000 towards their mortgages in the first incentive scheme of its kind in the UK. Derby City Council say the £200,000 taxpayer-funded 'golden door-key' deal will save money in the long term as they ... [...]
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Mortgage rates creep upward, just in time for homebuying season
Recently, rates have "inched up just a bit," says Justin Lopatin, vice president of residential banking for PERL Mortgage in Chicago. The rise could be due to higher demand at the start of the spring-homebuying season or anticipation of Wednesday's ... [...]
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Central Bank says it will not lower mortgage rates
Central Bank governor Philip Lane dismissed the notion of statutory limits on mortgage interest rates as he said a “high evidence threshold” will be set to justify any move to loosen mortgage loan caps. Asked about high home-loan rates, Prof Lane said ... [...]
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Federal Reserve Gives Support To Low Mortgage Rates
The Fed's change of plans has surprised Wall Street this year, and mortgage markets have responded favorably. Even today, mortgage rates are lower since the FOMC adjourned. Investors aren't sure whether the Fed will support additional Fed Funds Rate ... [...]
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