Favorable demographics, increased affordability of residential properties and historically low mortgage rates are boosting demand for home loans, mortgage lenders have said. Several major banks, mortgage companies and housing finance companies significantly reduced their interest rates on home loans during the festival period to take advantage of the resumption inRead More →

Favorable demographics, better affordability of residential properties and historically low mortgage rates are pushing demand for home loans, mortgage lenders said. Several major banks, mortgage companies and housing finance companies cut their interest rates on home loans significantly during the festival period to cash in on the recovery in demandRead More →

Lord Heseltine, who served as Margaret Thatcher’s deputy prime minister, warned Britain was heading for a “wicked” interest rate hike. Speaking to Sky News this morning, he said if he were chancellor, “I would be extremely worried.” The Conservative Party stalwart warned that a series of economic crises would comeRead More →

Calcutta, October 8 (UNI) The decision to maintain the status quo on key rates is important because it comes at the start of the holiday season, according to Knight Frank India President Shishir Baijal. “We welcome the RBI’s decision to keep rates unchanged despite inflationary pressures, as adequate liquidity andRead More →

A new Yorkshire Building Society mortgage offers homebuyers an interest rate of just 0.78%, the best in the market, as the cost of borrowing to buy a home continues to hit record highs. The two-year fixed deal, which is also available for remortgage, is a tracker – meaning borrowers wouldRead More →

Federal Reserve Chairman Jerome Powell said on Friday the economy had made “further substantial progress” towards the Fed’s inflation target and “net progress” towards its full employment target, maintaining the central bank on track to scale back its bond buying stimulus this year. And while Powell said July’s solid jobsRead More →

The Select editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. The pandemic has shaken the real estate market and pushed many potential buyers away from homeownershipRead More →

The Reserve Bank of India (RBI) once again maintaining the status quo on key rates, borrowers can enjoy low interest rates on loans for some time yet. At its bimonthly Monetary Policy Review meeting on August 6, 2021, the RBI announced that it was once again keeping its policy ratesRead More →