Mortgage

A clear comparison to help you decide which financing option suits your needs.

Mortgage lending platform LoanKuber raises $3.5 million in pre-Series B funding round

The funding round was led by Singapore-based venture capital firm TRTL Ventures and existing investor Inflection Point Ventures.

World Street | Maersk takes a long cut; mortgages regain appeal; McDonalds faces pressure

From shipping containers Suez Canal detour to Carrefour refusing to stock PepsiCo products and from Eli Lilly's weight loss drug bet to falling UK mortgage rates, here's a look at some of the developments from the world of business

'Go back to Pakistan': Indian-origin man told by squatters who took over his New York home

'It feels like a Christmas Miracle, I can’t believe it,' said home owner Bobby Chawla after the squatters vacated by December 25.

Better.com CEO, who fired 900 staff on Zoom call, says he's worked 'really hard' to be kind

'I've worked really, really hard to... treat them with the same level of kindness that I showed our customers,' Better.com founder and CEO Visha Garg said.

Average long-term US mortgage rate climbs to 6.96% this week, matching highest level this year

The lack of housing supply is also a big reason home sales are down 23% through the first half of this year.

Mortgage players to break ground in bullish real estate sector, says Raamdeo Agrawal

The Motilal Oswal Asset Management Company co- founder is upbeat about the sector and its ancillaries, primarily mortgages along with paint, cement and tiles

Average long-term US mortgage rate rises to 6.43% this week

The average rate on a 30-year mortgage fell for five straight weeks before rising last week.

UK’s soaring mortgage costs mean it’s cheaper to rent a home

The consultant found that the average mortgage repayment has now topped £1,000 ($1,200) a month for the first time ever after interest costs on the loans doubled in the last two years. That trend may persist until next year.

A new source of economic anxiety in Britain: soaring mortgage rates

Sharp increases in interest rates are set to upend Britain’s housing market and rock the country’s already weak economy. Britain’s homeowners are especially vulnerable because most mortgages have short-term fixed rates, which renew every few years, often every two or five years.

Average long term mortgage rates jump above 7% this week

Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped to 7.08% from 6.94% last week.

Realtors optimistic about growth but sentiment moderated due to mortgage rates hike, recessionary fears: Report

The current sentiment score has declined marginally from 62 in April-June 2022 to 61 in July-September 2022, on account of the economic scenario playing out globally.

Credit Suisse pays $495M tied to mortgage-backed securities

The Swiss bank said that some of the transactions were prior to 2008.

What the Federal Reserve will do today? Follow these numbers

Experts globally are agreed that the Fed will increase interest rates, and the focus is on the magnitude of the hike.

As China’s economy stumbles, homeowners boycott mortgage payments

In more than 100 cities across China, hundreds of thousands of Chinese homeowners are banding together and refusing to repay loans on unfinished properties

President Xi Jinping faces surprise revolt from Chinese homebuyers on mortgage boycott

Yet he now faces a surprise challenge from middle-class homeowners who are watching their family wealth slip away with a sustained slide in the property market, which makes up a fifth of China’s economic activity.

Four ways to shorten your home loan approval time

Assess your EMI affordability before applying for a home loan, make a higher downpayment, and improve your credit score.

We expect increased defaults on home loan EMIs: Sovan Mandal of IMGC

As per the latest data available, 26 per cent of our customers are in the moratorium phase

Why are Indian millennials not buying real estate?

Among other factors, millennials don’t want a huge EMI burden early on in their careers

US existing home sales rise to 10-year high

The National Association of Realtors said on Wednesday existing home sales jumped 3.3 percent to a seasonally adjusted annual rate of 5.69 million units last month. That was the highest level since February 2007.

HDFC Dec qtr profit on sale of investments slumps to Rs 3 cr

Mortgage lender HDFC today said its profit on sale of investments declined to Rs 3 crore in the quarter ended December.

Mastek gains 10%, to acquire 100% in Trans American Information

The company's board has approved to acquire 100 percent equity shares of Trans American Information Systems for Rs 12.5 crore, subject to compliance with all applicable laws and requisite approvals, if any.

Deutsche Bk gets support from top investor amidst US allegations

Deutsche Bank has secured support from its largest shareholder and more German lawmakers as it grapples with a confidence crisis following US authorities' demands for up to USD14 billion to settle allegations it mis-sold mortgage-backed securities.

Reverse mortgage: What are the tax liabilities

Under the Reverse Mortgage Scheme (RMS), a senior citizen can opt to receive an additional source of income on the security of an owned residential house, without having to service it during his lifetime. &#82

HDFC approves amalgamation of 5 subsidiaries into itself

HDFC has granted in-principle approval for the amalgamation of Grandeur Properties, Haddock Properties, Winchester Properties, Pentagram Properties and Windermere Properties into itself, the company said in a statement.