Finance & Mortgage
'Broad Growth in US Home Prices Reflect Wide Recovery
'Empire State Building Owners Ask Judge to Dismiss Lawsuit over REIT Dispute
'Mortgage Rates for 30-Year Loans Slip for Straight Third Week
EDITOR'S PICKS
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The average mortgage interest rates in the U.S. fell after rising for two consecutive weeks with fixed rates declining lower than the figures recorded at the same time last year, according to Freddie Mac - the government-backed lending giant's weekly survey. -
'U.S. Housing Recovery Has Got Catching Up to Do, Says Fannie Mae
After a depressing first few months of 2014, the housing market is finally picking up pace. However, the growth will be slow and the figures will barely manage to catch up with last year's numbers, Fannie Mae announced in its June economic forecast report. -
'U.S. Existing Home Sales Picked Up in May
Existing home sales in the U.S. went up across all regions in May. There was improvement in inventory growth and slight price rise was also noticed - all indicating towards a better, stabilizing housing market. -
'US Justice Department Urges Citigroup to Raise Securities Settlement Offer
The U.S. Justice Department is urging Citigroup Inc. to raise its settlement offer in a long running probe that found the bank guilty of selling faulty mortgage securities that eventually led to the country's economic crash. -
'Fixed Mortgage Rates Rise for Second Week
Fixed mortgage rates in the United States went up for the second consecutive week after the country posted good job data and better treasury yields, Freddie Mac - the government backed lending giant - announced Thursday. -
'George Osborne Authorizes Bank of England to Control Britain’s Hot Property Market
George Osborne, the British finance minister, gave the Bank of England full authority to introduce new measures directed towards cooling Britain's overheated real estate market. Officials believe that if prices continue to soar at the current rate, the economy could crumble down like a house of cards. -
'Google and Amazon would make great mortgage bankers: Study
A new study conducted by Accenture, a leading global consultancy firm, found that tech giants like Google, Facebook, Apple and Amazon would make great profits out of a banking business, if they entered the commercial finance sector. -
'China’s property market crash could trigger a global economic meltdown
As several reports on China's dwindling property market crowd the web, the condition has sparked concerns that the downturn in the second-largest economy of the world could have a domino effect on the global economy, resulting in another great crash. -
'US Average Fixed Mortgage Rates Rise after Six Weeks
After six consecutive weeks of decline, the average fixed mortgage rates rose in the first week of June, according to Freddie Mac, the government backed mortgage giant’s weekly survey. -
'China’s home prices fall in May for the first time in two years
The Chinese real estate balloon could already be deflating as home prices started to decline in May, falling for the first time in two years. However, housing officials of China announced that the decline in prices is “normal” and they are just a “high base effect.” -
'US Mortgage Rates Decline for Fifth Straight Week
Average mortgage rates in the United States inched down, declining for the fifth straight week, Freddie Mac - the government-backed mortgage giant - announced Thursday. -
'7 US cities with major home price changes (LIST)
The U.S. real estate recovery has been slow albeit steady. This year's winter dampened what could be a good time for home investment. However, experts believe that the spring market will pick up steam.
