Mortgages News

Automakers led a modest rebound in European stock markets on Tuesday, as an unexpected rise in German business optimism offset caution ahead of a U.S. interest-rate decision. The German DAX 30rose 0.27% at 5,928, the French CAC 40rose 0.25% at 5,175 while the U.K. FTSE 100weakened 0.14% at 5,963. All three indexes lost around 1% on Monday on energy sector weakness and caution ahead of Ben Be ...

BOSTON (Dow Jones) - Looking to make up ground lost to rival exchange-traded fund purveyors, State Street Global Advisors has registered a passel of new products largely aimed at the growing interest in sector-specific investment vehicles. The investment arm of Boston-based State Street Corp. (STT) has 17 ETFs in the works, according to a filing earlier this month. The funds are designed to tra ...

By Matt Falloon LONDON (Reuters) - Stocks closed sharply lower on Monday, wiping out an early spike to a five-year high, as financial stocks fell broadly but mortgage bank Alliance & Leicester (AL.L: Quote, Profile, Research) hit a record high on bid talk. Many analysts say the FTSE 100 could be due for a period of consolidation after surging in recent months, spurred by a raft of bid speculation and solid corporate earnings. "We have probably moved ahead of ourselves," said Mike Lenhoff, c ...

Mon 27th Mar 2006 A Norwich & Peterborough Two-Year Discounted mortgage is currently available to borrowers, with an introductory interest rate of 3.3 per cent. This rate will run for two years, at which point the interest level will revert to the lender's standard variable rate – currently 6.3 per cent – for the remaining term of the mortgage. The overall cost for compari ...

Mon 27th Mar 2006 It has been announced today that the interest rate will be reduced on the Nationwide Two-Year Fixed-Rate mortgage. The rate will be reduced by 0.05 per cent from its current level of 4.44 per cent to 4.39 per cent for all customers borrowing up to 90 per cent loan to value (LTV). A reservation fee of £599 applies to the Nationwide Two-Year Fixed-Rate mortgage and ...

By Fiona Shaikh LONDON (Reuters) - Approvals for home loans rose at a weaker pace in February than in previous months, suggesting a strong housing market recovery since the end of last year may be tapering off. The British Bankers' Association said on Monday that mortgage approvals -- the number of loans agreed but not yet advanced -- totalled 57,585 in February, a marked increase from January's 45,039 and 22 percent higher than a year ago. Mortgage approvals figures are widely seen as a good ...

Stephen Womack, Mail on Sunday27 March 2006 SOARING house prices and a reluctance to cut back on the good life could saddle a generation of borrowers with mortgages they cannot pay off. There has been a steady rise in the number of interest-only mortgages not backed by some means of repaying the capital. They are cheaper because borrowers are not chipping away at the amount they borrowed. RISK CUTTERS: Paul Weatherill and Helen Horsman, with children Abigail and Scott WANT TO ...