Mortgages News

Fri 30th Jun 2006 A rate of 5.39 per cent will be offered on the new first direct Three-year Fixed Rate Offset Mortgage, it has been announced. The new fixed rate mortgage product was launched today and it has a maximum loan-to-value of 80 per cent. Customers can reduce the total amount owed because the offset facility links day-to-day current account balances to the mortgage and brings ...

Simon Lambert, This is Money1 July 2006 IN an age when people are used to instant decisions and 24-hour service, buying a home can be a frustratingly slow process. WANT TO KNOW MORE? GUIDES: Buying a house DEALS: Mortgage finder OTHER STORIES Baby boomers priced out Clock ticking for student homes New on the market Mortgages pass £1 trillion mark Borrowers being misinformed USEFUL LINKS GUIDES: Homes, loans and more BOARDS: Mortgage chat EXPERTS: Ne ...

SAN FRANCISCO (Dow Jones) -- Stocks in Latin America vaulted on Thursday after the U.S. Federal Reserve announced a widely expected move to raise interest rates by a quarter-percentage point and suggested that its cycle of interest- rate hikes is nearing an end. Latin American markets were higher ahead of the rate announcement but gains accelerated after the Federal Open Market Committee, the F ...

CHICAGO (Dow Jones) -- Thirty-five million taxpayers used the home-mortgage deduction in 2003, deducting a total of $338 billion, or an average of $9,650 per household, according to an analysis released on Thursday by the National Association of Home Builders. About 39 million deducted real estate taxes that year, totaling $119 billion in deductions nationwide, or an average of $3,000 per tax file ...

By Cheryl Juckes and Fiona Shaikh LONDON (Reuters) - Mortgage debt exceeded a trillion pounds for the first time in May, the Bank of England said on Thursday, underlining the economy's vulnerability to any downturn in the housing market. Outstanding mortgage debt hit a seasonally adjusted 1,006,796 million pounds in May as net lending surged by 9.304 billion pounds, the biggest monthly gain for 2-1/2 years. Analysts had expected an increase of 9.0 billion pounds for net lending in May from a  ...

This is Money29 June 2006 MORTGAGE lending has broken through the £1 trillion barrier for the first time, figures showed today. SIGNS OF THE TIMES: Mortgage debt is higher than ever, but there are few signs that people are borrowing too much WANT TO KNOW MORE? DEAL FINDER: Pick a money-saving mortgage with the help of our commercial partners OTHER STORIES Sellers get Hip Home repossessions treble World Cup fever hits house sales New on the market 'Hips wi ...

LONDON (Reuters) - House prices rose 0.3 percent in June, lifting the annual rate of increase to 5.0 percent, its highest in three months, the Nationwide Building Society said on Thursday. That followed a 0.2 percent increase in May when the annual rate of inflation stood at 4.7 percent but the Nationwide characterised the trend as one of slowing house price inflation. "The three-monthly growth  ...

Rosanna Spero, Daily Mail29 June 2006 NATIONWIDE is the first lender to announce it will offer home information packs (Hips) when they become compulsory in June next year. GET HIP: Nationwide will be the first to offer the packs WANT TO KNOW MORE? GUIDES: Home information packs OTHER STORIES 'Hips will harm economy' claim Home repossessions treble New on the market Five ways parents can help I've found dream house but can't sell USEFUL LINKS GUIDES: Homes ...

Treasurys closed lower Wednesday, nudging yields higher, after a $14 billion auction of 5-year notes met with soft demand in a market anxiously waiting out the Federal Reserve's policy-setting meeting. A decision on whether to raise U.S. interest rates and an accompanying policy statement will be forthcoming from the central bank's Federal Open Market Committee at the end of the two-day session ...

U.S. stock prices closed higher Wednesday, after adventurous investors shook up a complacent market late in the day by seeking out attractively priced shares, following recent heavy selloffs. Warner Music Group managed a strong rise, after making a new offer to buy British recording company EMI, this time with a $4.56 billion bid. EMI, for its part, rejected the Warner Music offer, but has issued ...