 Home Loans |
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Get ready to pay higher interest on your home loans
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In the last six months, home loan rates have gone up by 1.75% and have almost touched double digits. After the recent hike of 0.50% in key rates by Reserve Bank of India, commercial banks are expected to follow suit, which means that home loan rates would rise further.
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Rate rises begin to bite as consumers struggle to repay home loans
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ANZ Banking Group boss Mike Smith has revealed his growing concern at how rising interest rates are affecting the ability of some consumers to repay their loans.
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Policy rate hike has minimum impact on Home loan rate
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The inflation rate has been high over the last few quarters. There are many factors behind this. The government and the Reserve Bank of India (RBI) are taking cautious steps to control the rising inflation rate while ensuring minimum impact on the economic growth rate. The RBI has implemented monetary policy tightening steps many times over the last one year.
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Bank of ND could make home loans in rural areas
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The state-owned Bank of North Dakota is pitching to make its own home mortgage loans in rural areas, and it has the support of the state's private banking industry.
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Jacksonville-based LPS handles every step of the home loan process
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If you make monthly mortgage payments, there's a 50-50 chance that your payments are being processed through computer systems operated by Lender Processing Services Inc.
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