Taylor Morrison CEO on the value of trust in a challenging market
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Remortgage activity rises in Q3 as mortgage rates climb
Borrowers rushed to remortgage in Q3 as mortgage rates turned volatile once again, with strong search activity and new instructions seen in September. More than 1.9 million mortgage searches were carried out by intermediaries during September, up 23% from August and 15% compared with the same month last year, data from Twenty7tec revealed. Of…
Mortgage applications stall as rate inertia squeezes buyers
“Mortgage rates and applications changed little last week, with just a slight increase in refinances for conventional and VA loans, while FHA refinances were lower,” said Joel Kan, CMB, MBA’s VP and Deputy Chief Economist. “Borrowers with larger loan sizes remain less likely to refinance with rates at these higher levels. The average loan size…
Rupee falls 10 paise to 94.66 against US dollar during early trade | Finance News
The rupee depreciated 10 paise to 94.66 against the US dollar in early trade on Tuesday, as surging Brent crude prices near USD 97/bbl and Middle Eastern geopolitical friction dampened investor confidence. Forex traders noted that ongoing RBI dollar sales and strong foreign-currency inflows under special schemes helped keep the rupee range-bound despite heavy external…
Augusta, GA Has a Shortage of Homes for Middle-Income Earners
The dream of finding an affordable home can feel increasingly out of reach for many prospective buyers, especially those in the middle-income bracket. While the housing market might appear robust on paper, a closer look reveals a significant disconnect between available homes and what many can truly afford. A collaborative piece from Realtor.com® and the…
No foreign influence behind MDR on UPI payments above ₹2,000: FinMin | Finance News
The finance ministry on Wednesday clarified that there was no foreign influence behind the decision to impose 0.4 per cent Merchant Discount Rate on UPI transactions above Rs 2,000. The clarification follows accusations by some Opposition parties, including the Congress, that the government succumbed to US pressure in taking the decision to impose the Merchant…
Iran Warns of Strikes on Energy Fields Amid US Attack Threats
Iran threatens to strike other nations’ energy fields if US launches fresh attacks Iran’s Warnings and Regional Tensions Over US Threats By Yasmine Ghania and Menna AlaaElDin Iran’s Response to US Actions CAIRO, August 2 (Reuters) – Iran warned this weekend against any “adventurous action” by the U.S. and said it would retaliate decisively if American…
