But what do we actually get for the money? Just data centres. If I was making a list of things Australia should be doing with concrete and air-conditioning, it would not include making data centres. What we need desperately, what we are horribly short of, is homes. House prices are zooming up, and not just
Fixed mortgage rates fell for the second week in a row as markets bet on a September rate cut. The 30-year fixed-rate mortgage averaged 6.66% in the week ending Aug. 14, down four basis points from the previous week. The average 15-year fixed-rate mortgage fell seven basis points to 5.72%. A basis point is one
Americans can use crypto to secure a home loan under new Trump rule Homebuyers in the U.S. will soon be able use cryptocurrency to secure a mortgage under a new Trump administration order. Straight Arrow News Currently, both Fannie Mae and Freddie Mac require cryptocurrency to be converted to USD for use in mortgage transactions.
6 terms to know before you start house hunting In the housing market, here are some terms to know before you jump in and get your heart set on a dream home. For more information, visit the Federal Trade Commission website, FTC.gov. Capitol Federal Savings Bank is shifting its focus from home mortgages to commercial
A homeowner was left feeling every single emotion after receiving a letter to say that her mortgage was paid off—but it wasn’t what she expected. On July 26, Marissa Kilroy from Southern Ohio received a “totally unexpected” letter from her lender that appeared to suggest her mortgage was paid off in full. She’s only lived
You shop around for a home loan or a home equity line-of-credit. You apply. Your mortgage loan originator asks and receives your permission to run credit reports. Almost immediately after that credit report is run, you and any of your co-applicants and co-signers are on the receiving end of a plethora of phone calls, text
“For far too long, Congress believed this problem was too big to solve,” said Sen. Tim Scott R-S.C., the chair of the Banking Committee. “Today, we’re taking not a step – but we’re taking a leap in the right direction in a bipartisan fashion. Many people around the country are frustrated with the way we do
Investors own roughly 1-in-6 Southern California houses. That’s a highlight of my trusty spreadsheet’s review of local investor statistics from BatchData, which peeked into who owns 3.8 million single-family houses in Los Angeles, Orange, Riverside, San Bernardino, San Diego, and Ventura counties. This small data tracker digs into property records more thoroughly than many traditional
Relatively speaking, California is not a hot spot for housing investors. That’s a conclusion from my trusty spreadsheet’s review of data on investor activity across the nation from BatchData, a small data tracker that digs deeper into property records than many traditional real estate analysts. BatchData reviewed California ownership records to identify the state’s owner-occupied
Farmers argue that the changes are discriminatory and impractical, especially given the volatile state of agriculture, with unpredictable rainfall and unremunerative market prices. (AI Generated Image) With the cultivation season fast approaching, farmers in Tamil Nadu’s Erode district have raised serious objections to new state directives that condition agricultural crop loans on CIBIL credit scores