Finance & Mortgage

European commercial landlords unable to pay loans: Moody

Landlords of commercial properties in Europe are under pressure to repay mortgages as banks withdraw from refinancing the loans, according to Moody’s Investors Service.

Mortgage rates fall to record lows: 15-Year Below 3 Pct

Average U.S. rates on 30-year and 15-year fixed mortgages dropped to record lows again this week, with the 15-year loan dipping below 3 percent for the first time ever.

Dubai Nakheel reports $98.6 Mln profit in first quarter

Dubai Nakheel, the state-controlled builder of artificial islands off Dubai’s coast, reported a first-quarter profit after a year-earlier loss as it delivered more completed properties to buyers and cut costs.
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