Term: 1000 days – Interest rate (annual rate): 6.30% Term: 3-5 years Interest rate (annual): 6.00% Tenure: 5+ years – 10 years Interest rate (annual): 6.25% Indian Bank Fixed Deposit Rates Bank of India has updated its fixed deposit interest rates from June 30, 2024. Senior citizens can get up to 7.80% interest for a tenure of 666 days, while others can get up to 7.3% interest for the same tenure. The revised fixed deposit interest rates of Indian banks effective from June 30, 2024 are as follows: Term: 7 to 14 days Interest rate (annual): 3.00% Term: 15 to…
Author: Private Lending Agent
Recent adverse weather conditions in the UAE have placed the spotlights on the impact of natural disasters on real estate. Siraj Ahmed and Kamraan Khan, both partners at Cavendish Maxwell, outline how real estate developers and owners can respond and successfully mitigate the impact of natural disasters. The recent events in the UAE should be placed in a global context. In Pakistan in 2022, for example, 33 million people were affected by flooding which submerged a third of the country and caused $40 billion of damage. Due to the mounting impact of climate change, scientists warn there is probably more to…
A new report says that with average mortgage interest rates set to rise above 6% from the second half of 2022 onwards, refinancing is becoming more likely. About 24% of mortgage holders currently have interest rates above 5%, and that percentage is set to more than double from 2022 onwards, according to data from Intercontinental Exchange's Mortgage Technology division. “As recently as two years ago, a staggering nine in 10 mortgage holders fell below that standard,” Andy Walden, vice president of research and analytics at ICE Mortgage Technology, said in a press release.Lenders have issued 4 million mortgages with interest…
(Bloomberg) — The average U.S. mortgage rate is gradually rising as older, lower-interest mortgages are being replaced by newer loans that are more expensive to lend, according to data from the Intercontinental Exchange.Most read articles on BloombergAccording to the ICE Mortgage Monitor report, 4 million first-lien mortgages originated in 2022 and beyond have interest rates above 6.5%, with about 1.9 million of those having interest rates above 7%.”As of May, 24% of homeowners with mortgages currently have interest rates above 5%,” Andy Walden, vice president at ICE Research and Analysis, said in a statement. “It's astonishing to think that just…
A sign advertising homes for sale stands outside a building in Manhattan, New York City on April 11, 2024.Spencer Pratt | Getty ImagesManhattan is becoming a buyer's market as apartment prices fall and inventory increases in the second quarter of 2024, according to a new report.The average Manhattan property sales price fell 3% to just over $2 million, while the median price fell 2% to $1.2 million and luxury apartment prices fell for the first time in more than a year, according to a report from Douglas Elliman and Miller Samuel.The price declines are being driven by a growing inventory…
Jim Cramer, host of CNBC's “Mad Money,” advises investors to consider buying the “Mag-7” stocks when interest rates rise and buy everything when rates fall.What Happened: Cramer emphasized that markets are resilient when they are oversold. He wrote on X, “As @jeffmarkscnbc and I said, we are back to a world where interest rates go up so you can buy Mag 7s and interest rates go down so you can buy everything. When we get oversold, markets become more cautious.”Cramer's discussion with CNBC's Jeff Mark highlights their approach to weathering market fluctuations based on interest rate movements. The “Mag 7″…
The Florissant police chief is warning parents after a rise in crimes involving gel blasters. FLORISSANT, Mo. — Police have launched an emergency investigation after another shocking incident involving a minor using a gel blaster toy gun. Last week, 5 On Your Side reported on a teenage boy who fired gel bullets into a crowded Creve Coeur movie theater, and now Florissant police are pursuing a minor who targeted a real estate agent with the same type of weapon. That's when things escalated quickly. Now police are warning people: Talk to your kids about using toy guns in public places,…
Contrary to popular belief, the market doesn't stop during the summer months, but rather offers unique opportunities. PHOENIX — Thinking about buying or selling a home? We start this week's Money Saving Monday with advice on saving money in the property market. Let's start by clearing up a common misconception: the Phoenix real estate market slows in the summer. Contrary to popular belief, the summer months don't slow down the market and instead present unique opportunities. “I've been helping people buy and sell real estate for 13 years,” says Trevor Halpern of Halpern Residential, “and statistically, May, June, July and…
New FAQs from the MLS and its current owners, DMAR and SMDRA, clarify the post-sale usage fees, but the timing and price of the transaction remain undisclosed.REcolorado's rocky road to new ownership continued on Monday with the confirmation of an interim CEO and an “interim board of directors.”Larry D. McGehee, the only former board member still in a leadership role, has been named interim CEO, replacing former CEO Gene Millman. New leadership will be in place once the sale is finalized, according to a statement posted on REcolorado's website on July 1.The interim board includes Brendan Bailey of the Denver…
Illustration: LaNette Behily/Real Estate News, ShutterstockAnother group of plaintiffs is appealing the settlements with RE/MAX, KW and Anywhere, while the real estate companies have filed new claims against Button.New developments in the two Commission cases could have major implications for settlement agreements and homebuyer class actions.Another Appeal: Several plaintiffs in a South Carolina copycat lawsuit have appealed a $208.5 million settlement reached by Anywhere, Keller Williams and RE/MAX in a seller-fee lawsuit.On July 1, Benny Cheatham, Robert Douglas, Douglas Fender and Dena Fender appealed the final approval to the U.S. Court of Appeals for the Eighth Circuit. Each was a…