One of the essential lessons most of us are taught early in life is the importance of developing a sense of financial responsibility. Work hard to earn a good paycheck. Don’t spend more than you can afford. Save for the future. Eventually, following these steps will land you in a …
Read More »I have no house, car or mortgage, it’s like being on Death Row – Former Man City footballer Craig Bellamy warns young footballers as he battles bankruptcy
Former Wales and Manchester City star, Craig Bellamy, has revealed how he lost all his fortune and is now declared bankrupt by the British government. According to the current Burnley assistant coach, the financial ruin he is suffering from is as a result of a series of failed …
Read More »Australia lifts interest rates, adding to mortgage pain
Reserve Bank of Australia lifts benchmark rate to 3.1 percent in effort to bring down high inflation. Australia’s central bank has raised interest rates to a decade high, putting mortgage holders under greater strain as it seeks to bring down soaring prices. The Reserve Bank of Australia (RBA) on Tuesday …
Read More »Mortgage rates take a breather after rising for several weeks in a row | CNN Business
After rising for six weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66% in the week ending October 5, down from 6.70% the week before, according to Freddie Mac. Mortgage rates have more than doubled since the start of this year as the Federal …
Read More »US long-term mortgage rates hit highest level since 2008
One year ago, 30-year mortgage rates in the United States stood at 2.88 percent. Average long-term United States mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market. Mortgage buyer Freddie Mac reported Thursday that the …
Read More »Share your experience of applying for a mortgage to buy a UK property recently
As a key mortgage rate has hit over 4% for the first time since 2013 and the price of new mortgages is rising even faster than UK interest rates, many prospective house buyers may have to reconsider what kind of loan they can take out to buy a home. We’d …
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