Australians refinanced a record $15 billion worth of mortgages in May, as COVID-19 delivers a ‘double whammy’ for the banks

Some 33,712 Australians refinanced a record $15 billion worth of mortgages in the month of May, according to the ABS figures. The rush to do so represents a record high, as customers feel the financial pinch amid the country's first recession in nearly 30 years. More »     Want to know more on Australians refinanced a record $15 billion worth of mortgages in May, as COVID-19 delivers a 'double whammy'...

You might have a tough time getting a ‘jumbo mortgage’ during pandemic. Here’s what to expect

Banks and lenders remain more cautious about making loans for home purchases or mortgage refinances that are higher than the government limits for so-called conforming loans. Here's how to find a "jumbo" loan and what the requirements may be.Want to know more on You might have a tough time getting a 'jumbo mortgage' during pandemic. Here's what to expect click here go to personal finance tips source. Personal...

Nationwide to offer low-deposit mortgages after stamp duty move

Society reverses June decision following announcement of tax holiday on certain homesNationwide building society has returned to the high loan-to-value mortgage market, cutting the deposits it requests from first-time buyers following last week’s announcement of a stamp duty holiday.But in a sign that lenders are uncertain about the direction of the housing market, it has capped loans at 90% and introduced new hurdles for would-be borrowers. Continue reading...Want...

What Housing Crash? Toronto Smashes its Housing Record

Being proven wrong about how I thought the situation would play out about anything has never felt as good as it has right now. Despite all the talk about the expectations of a housing market decline, it seems that you should never count out the Canadian housing market. I recently discussed how the new mortgage lending rules could cause a considerable decline in house prices and sink housing...

Fed creating stock market bubble by printing trillions of dollars in coronavirus relief

The $3 trillion rescue plan by the US Federal Reserve to limit the economic damage from the Covid-19 pandemic is fueling excesses across US capital markets, investors say. The Fed has pledged unlimited financial asset purchases to sustain market liquidity, increasing its balance sheet from $4.2 trillion in February to $7 trillion currently. Most of those purchases have been limited to US Treasuries and mortgage-backed securities, but the...

Revealed: here are the 10 best performing FTSE 100 stocks in the past six months. I’d buy!

We’re now in the second half of 2020. I’ll save the “where did the first half go?” exclamation, as I’m sure you’ve heard it already. But milestones such as this are really good points in time for investors to take stock and look back. This is especially important given the rocky road the FTSE 100 has trodden over the past six months. By looking at the 10 best-performing...

What a nonresident should know about buying a home in the US for her children

Foreigners buy homes in the US all the time, but it's usually difficult to do so with a mortgage, as most buyers would.Want to know more on What a nonresident should know about buying a home in the US for her children click here go to market news source. Market news summary from The Washington Post market news.Author: Washington Post
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