Mortgages News

Simon Lambert, This is Money15 July 2006 THE decision to take short-term gain without checking for long-term pain could be leading homeowners into costly long-term mortgages. LONG STRETCH: Extending your mortgage term to secure a dream home could prove costly WANT TO KNOW MORE? REPORT: How much is your house worth? DEAL FINDER: Hunt for a mortgage deal in moments BLOG: Doom watch - the house price storm is brewing OTHER STORIES How much is your house worth? High noon f ...

Simon Lambert, This is Money13 July 2006 HOUSE prices have soared by a £17,000 in Northern Ireland over the past three months thanks to its successful economy and a continuing boom in investment. WHERE'S HOT? The latest regional house price study from nationwide ahs shown where Britain's property hotspots lie WANT TO KNOW MORE? REPORT: 'Hips won't help,' claim agents DEAL FINDER: Search for the best mortgage deal BLOG: Should you buy in Germany OTHER STORIES Hig ...

LONDON (Reuters) - Financial adverts, especially those for loans and insurance, are continuing to mislead consumers, says a pressure group which is pressing for the worst culprits to be named and shamed. Research by the Financial Services Consumer Panel found that 57 percent of financial ads reviewed in the weekend newspapers back in February did not comply with rules on responsible advertising. The panel believes the Financial Services Authority (FSA), the independent body which regulates the ...

CHICAGO (Dow Jones) -- Mortgage rates fell in the week ending Thursday, breaking a string of four straight increases, according to Freddie Mac's weekly survey. June's unemployment figures aided the shift, as well as the anticipation that the Federal Reserve only has one more rate hike left, said Freddie Mac's chief economist. "June's employment report caught financial markets off guard. In resp ...

Lix Phillips, This is Money14 July 2006 EIGHT out of ten personal loans and a third of credit cards use 'typical rates' when quoting how much interest you will be charged, according to researcher Moneyfacts. APR HELL: Having a poor credit record can lead to financial exclusion WANT TO KNOW MORE? READER SERVICE: Check your credit rating FRAUD: Protect your ID GUIDES: Read our ID fraud guide POLL: Have you been affected by any sort of ID fraud or theft? OTHER STORIES Youn ...

Thu 13th Jul 2006 Savers can continue to benefit from the Britannia DirectSaver account as the building society has announced it will continue to guarantee its interest rates. At present, interest rates on the DirectSaver will be at minimum the same as the Bank of England base rate, currently 4.50 per cent. Interest rates on the account had been guaranteed to follow the base rate until  ...

HONG KONG (Dow Jones) -- Moves by Japan's central bank to end its zero- interest-rate policy this week don't necessarily mean a drain on the amount of cash in circulation in the world' second-largest economy. Economists say boosting rates a quarter percentage point, as the Bank of Japan's nine-member policy board is widely expected to do on Friday, could actually end up putting more yen into th ...

NEW YORK (Dow Jones) -- Investment banking results, which wowed investors in a preview in June, are expected to be the big driver of earnings as four of the nation's biggest diversified banks are slated to report the latest three months' results next week. "You're going to see some companies struggle with deposit costs and net interest margins," said Chris Marinac, an analyst with F.I.G. Partne ...

BOSTON (Dow Jones) -- The U.S. housing market will continue to unwind after the multiyear boom with slower price increases and fewer housing starts as interest rates move up, according to a report released Wednesday by the National Association of Home Builders. "We are coming off a very strong couple of years for the housing industry, and markets are now starting to cool to more sustainable lev ...

WASHINGTON (Dow Jones) -- Applications for mortgage loans at major U.S. banks increased slightly for a second straight week, the Mortgage Bankers Association said Wednesday. Seasonally adjusted application volumes were up 1% on a week-over-week basis, but they're down 36.3% in the past year. After experiencing a sharp decline late last year, applications have leveled off. Applications are down  ...