US home sales climb as mortgage rates plunge

Owning a home still the American dream? Rogers Healy & Assoc. Real Estate owner Rogers Healy on the state of the housing market. Low mortgage rates helped boost existing-home sales in July, including “vast growth” in the West, according to the National Association of Realtors. Continue Reading Below Sales of single-family homes, townhomes, condominiums and co-ops rose 2.5 percent after […]

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G4S has made £14million in profit from scandal-hit immigration detention centre

Outsourcing giant G4S has made £14.3million in profit from an immigration centre where there was alleged "awful abuse by staff against detainees". The Home Office stands accused of a "shockingly cavalier approach" to contracts after a probe revealed the windfall from Brook House immigration removal centre between 2012 and 2018. The National Audit Office probe comes after a Panorama programme […]

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How to buy a home, millennial style

Millennials have been driving home sales the past few years but they’re doing so cautiously. (Photo: Getty Images) Tired of squandering more than $2,500 a month on rent in downtown Washington, DC, Tyler Hanson, 30, finally decided to buy a place for herself and her 4-year-old daughter. But she had a non-negotiable rule: One of her bi-weekly paychecks had to cover […]

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When a home is built may determine if it burns in a wildfire

The sky was turning orange and the embers were flying from the Camp Fire when Oney and Donna Carrell and Donna's father sped away from their Paradise home. "I thought, 'Oh, well, the house is done,'" Oney Carrell said. Continue Reading Below A few days later, they learned otherwise. The Carrells' home survived the deadliest and most destructive wildfire in […]

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CBA cuts home loan rates in bid to boost demand

Commonwealth Bank has cut interest rates on its fixed rate loans for home owners and investors as demand for home loans slows. The cuts apply to a range of fixed rate home loans, with the biggest cut of 0.3 percentage points to its five-year owner-occupied loan to a new rate of 4.09 per cent. Figures from comparison site Mozo show […]

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RBI keen to link home, auto loans with external benchmark

Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate. Illustration: Uttam Ghosh/Rediff.com The Reserve Bank on Thursday said it will hold further discussions with banks on linking interest rates on personal, home, auto and MSME loans with various benchmark rates, a move that would […]

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