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RPT-Fitch: House Price Affordability Strained in Major Global Cities
RPT-Fitch: House Price Affordability Strained in Major Global Cities Fitch Ratings says in its latest annual Global Housing and Mortgage Outlook report that while relatively high house price to income ratios in major global cities (such as London, New York, San Francisco and Tokyo) versus national averages can partly be 

Bernard Hickey: Predictions need a pinch of salt
Those who fixed mortgages in 2009 will be particularly sceptical. Inflation is actually still very subdued. Some think a Chinese financial meltdown or another European crisis could derail the global recovery, and there remain plenty of doubts about how

Ally CEO Sees IPO Road Show in the First Half of This Year
Burdened by shoddy subprime mortgages, Ally had begun reporting losses in 2007 that reached $10.3 billion in 2009. With the firm on the brink of failure, the U.S. engineered a rescue to ensure money kept flowing to the auto industry and preserve jobs.

To lock or not to lock? That is the question for new home buyers as interest ...
INTEREST rates on fixed mortgages have hovered at record lows but history shows it's an each-way bet to getting ahead if you lock in loan. Analysis of fixed rates over the past 20 years by financial ratings firm Canstar found it is 50-50 when it comes

Global Mortgage Financials - Loan Modification Orange County -

Lenders do not want your home or the hassles and costs associated with foreclosure. Global Mortgage Financials are experts at negotiating with ...

Fed Raises Rates Despite Trump Attacks, Stocks Tank

Updated at 4:03 p.m. ET

Despite enormous pressure from President Trump, the U.S. Federal Reserve announced Wednesday it is increasing interest rates by a quarter point.

The Fed said in a statement it is raising the key borrowing rate to a range of 2.25 percent to 2.50 percent — the highest level in a decade, when the economy was in the early stages of the financial crisis and the beginning of the Great Recession. The Dow ended the day down 352 points, or 1.5 percent, after the Fed announcement. The index was up nearly 300 points earlier.

The decision stands to affect rates on all kinds of borrowing, from home mortgages to credit cards. Over the past year, the 30-year mortgage rate has climbed from 3.95 percent to a peak of nearly 5 percent in November — a seven-year high. It has since dropped to 4.63 percent.

Fed Chair Jerome Powell said in a news conference that 2018 has shaped up to be "the best year since the recession." He added that the latest rate increase "was appropriate for what is a very healthy economy.

Mortgage rates hold steady, taking a pause after the Thanksgiving holiday

“Mortgage rates were flat this week, holding steady near their lowest levels in more than a month but still up sharply from a year ago,” said Aaron Terrazas, senior economist at Zillow . “Markets are usually quiet leading up to and immediately after Thanksgiving, but a return to recent volatility may be on the horizon. The coming weeks will be telling for rates and the economy overall. Trade tensions that have loomed over the U.S. economy should get some resolution after next week’s G-20 Summit, and recent comments by Federal Reserve officials suggest a less predictable path of monetary policy in 2019.”

Powell’s remarks to the Economic Club of New York on Wednesday that the federal funds rate is “just below” neutral sent financial markets soaring. Investors had been fretting over the strength of the economy and the central bank’s rate hikes. The Fed is expected to raise the benchmark rate next month, its fourth rate hike this year.

Is China immuned from the global subprime mortgage crisis?

This is for a discussion question at school.

Do you think the economy of China will be "immuned" from the global subprime mortgage crisis?

To understand the global sub-prime mortgage crisis watch these videos 4g&feature=related Kc&feature=related