Mortgages News

Simon Lambert, This is Money3 June 2006 INTREPID homebuyers are increasingly seeking to beat high house prices and snap up property going under the hammer. WANT TO KNOW MORE? REPORT: Bid for a property bargain GUIDES: Property auctions DEAL FINDER: Mortgages OTHER STORIES Landlords' £1bn insurance sting Mortgage debt near £1 trillion New on the market Green Belt land cost me dear Renovate to add value USEFUL LINKS GUIDES: Homes, loans and more ...

Fri 2nd Jun 2006 A new Direct Line Mortgage has been launched today; the two year fixed rate tracker mortgage will offer a rate of 4.79 per cent. Direct Line Mortgages believes that people looking to take on a remortgage face in a dilemma about whether to take on a fixed rate or a tracker mortgage. Fixed rate mortgages are said to offer certainty and security while customers could benef ...

From melting ice caps to erratic weather patterns, there are plenty of warning signs that climate change is becoming a reality. Now homeowners are starting to pay the price of apparent global warming. // Experts are warning that subsidence is on the increase. As the water companies issue drought warnings, the Royal Institution of Chartered Surveyors (Rics) has warned of an upsurge in buildings suffering from subsidence following what the Met office has described as the third longest dry period ...

This is Money2 June 2006 THE prospect of US interest rates being held at 5% at the next Federal Reserve meeting at the end of this month improved dramatically today as official figures showed the American job market was weaker than expected in May. WANT TO KNOW MORE? DEAL FINDER: Best mortgage rates DEAL FINDER: Best savings rates TABLES: Best savings rates TABLES: British economic data  ...

BOSTON (Dow Jones) -- Pulte Homes Inc. early Friday lowered its earnings estimate for 2006 on lower demand for homes, following other builders in the sector that have recently warned annual results would fall short of expectations. The Bloomfield Hills, Mich., company (PHM) said it now expects full-year earnings in the range of $4.70 and $5 a share, down from its earlier forecast of $6 to $6.25 ...

WASHINGTON (Dow Jones) -- Question: My son is a carpenter who has built three homes. He wants to build a spec home and can get the loan for that. But he needs to own the lot before he can get the construction loan. I want to give him the $ 40,000 he needs to buy the lot, but I need to have some idea of how much I can give him at any one time -- and over time -- without incurring a problem with gif ...

Thu 1st Jun 2006 Two new Alliance & Leicester mortgage deals have been launched today, including an intermediary special and five-year discount mortgage deal. The new Alliance & Leicester mortgages offer a two-year base rate tracker for remortgagers with the intermediary special while the five-year discount mortgage has been described as being fully flexible. Remortgagers can bo ...

CHICAGO (Dow Jones) -- Mortgage rates increased this week, with the average one-year adjustable-rate mortgage hitting its highest level in nearly five years, Freddie Mac's weekly survey showed. Fears of inflation may have fueled the rise, the mortgage agency's chief economist said. The 30-year fixed-rate mortgage averaged 6.67% for the week ending June 1, up from its 6.62% average last week, ac ...

CHICAGO (Dow Jones) -- African-Americans and Latinos enter into high-priced, subprime mortgages more often than white borrowers with identical credit qualifications, according to a study by the Center for Responsible Lending. The report, released Wednesday, examined 50,000 subprime loans using data collected under the Home Mortgage Disclosure Act and supplemented with the Loan Performance Subpr ...

US markets closed higher on Wednesday, recouping some of the losses from Tuesday’s sell-off, but still finished the month significantly lower. // Investors pored over minutes from the Federal Reserve’s May meeting, but were able to shrug off the implications for future interest rate rises. “On balance, participants judged that inflation expectations had risen somewhat, a development that would  ...