Poland orders Swiss franc mortgage probe, weighs "extraordinary" measures
WARSAW, Jan 20 (Reuters) - Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the ... [...]
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It's Time to Think About Refinancing Your Mortgage
The bond market is a complicated thing, and it is understandable if most people don't spend a lot of time thinking about it. But even for Americans who don't want to spend any mental energy on yield curves, convexity and term premia, there is one ... [...]
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Which Is Better? 15-Year Mortgage Rates Or 30-Year Mortgage Rates?
However, for homeowners who can manage the accompanying payments, it's the 15-year mortgage which proved to be today's best "deal" in home loans. 15-year mortgage rates currently beat 30-year rates by 68 basis points (0.68%) which yields a mortgage ... [...]
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Low mortgage rates drive up home loans
The mortgage-rate decline has defied forecasts. The average rate on a 30-year fixed-rate loan ended 2014 at 3.87 percent, a far cry from the 5 percent that many experts predicted. Concerns about slowing foreign economies have caused investors to rush ... [...]
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Hong Kong Tightens Investor Mortgage Rules Amid Record Prices
Lenders should raise the discount they apply to rental income when calculating the size of an investor's mortgage to 30 percent from 20 percent, the Hong Kong Monetary Authority said in a letter posted yesterday on its website. The discount, which ... [...]
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Poland and Romania Face Strain on Mortgages Over Climbing Swiss Franc
To ease the burden on borrowers there, the ruling Fidesz party of Prime Minister Viktor Orban late last year decided all such mortgage loans would be converted to the forint at a fixed rate, the market rate at the time when the legislation was adopted ... [...]
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Mortgage price war puts building societies under threat
Mutually-owned lenders have suffered declining new business in the past three months as interest rates on mortgages fall to record lows, according to a leading survey of financial institutions revealing the divide in fortunes between banks and building ... [...]
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New home mortgage options, IRAs and reverse mortgage: Money Talk (Q&A)
My question is will we be able to buy a decent house without getting a mortgage in three to four years at this rate? Is this something we should do? Or should we have a large down payment and pay the mortgage off quickly? We both have below average ... [...]
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Today in History
Embattled Federal Reserve Chairman Ben Bernanke won Senate confirmation for a second term. One year ago: Seeking to energize his second term, President Barack Obama vowed in his State of the Union address to sidestep Congress "whenever and ... [...]
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