IRVINE, Calif., July 19, 2024 (SEND2PRESS NEWSWIRE) — Informative Research, a leading technology platform providing data-driven solutions to the lending community, today announced that Shannon Santos, Executive Vice President of Data Solutions, has been selected to receive Mortgage Women Magazine's Mortgage Stars Award, which recognizes outstanding female leaders who have made significant contributions to the mortgage industry. Image caption: Shannon Santos, Informative Research. Ms. Santos' selection highlights her contributions to the mortgage industry through her multifaceted expertise, innovative solutions and commitment to industry challenges. As Executive Vice President of Data Solutions, she specializes in risk management and data-driven quality management…
Author: Private Lending Agent
The average interest rate for a 30-year fixed mortgage is 6.82% today, down -0.12% from 7 days ago. The average interest rate for a 15-year fixed mortgage is 6.23%, down -0.17% from the same time last week. See the chart below for mortgage rate trends. The Federal Reserve has held off on cutting interest rates due to slow improving inflation. Experts expect mortgage rates to gradually decline in the coming months, but housing market forecasts can always change depending on economic data, geopolitical events, and more. Current average mortgage interest rates Refinancing your mortgage Compare today's average mortgage rates for…
The Federal Reserve is scheduled to meet two more times between now and the November election. The big question is whether the Fed will cut interest rates and how that will affect the presidential runoff race. It's been a year since the Federal Reserve changed its interest rate target in any way. In July 2023, the Fed raised interest rates from 5.25% to 5.50%. The current level is considered the culmination of the central bank's historic tightening cycle, which began as a response to the worst inflation in generations amid the COVID-19 pandemic. Federal Reserve Chairman Jerome Powell speaks at…
The outlook on property investment has changed in recent years, with more accessible, lower-cost options emerging, making it easier to invest in the property market. The outlook on property investment has changed in recent years, with more accessible, lower-cost options emerging, making it easier to invest in the property market. One such financial product, real estate investment trusts (REITs), has been gaining attention. These products offer investors access to the real estate market without the complexities of directly owning property. Hello! You're reading a premium article! Subscribe now to continue reading. Subscribe now Already a subscriber? Log in Premium Benefits…
Between March 2022 and July 2023, the Federal Reserve raised its benchmark interest rate 11 times. As a result, savings rates skyrocketed. The Federal Reserve has since paused further rate hikes, but savings rates have remained stable. So, if you're looking for the best interest rates available right now, here's where to find them.How today's savings rates compare to the national averageThough savings rates are historically high, the national average interest rate on savings accounts is still just 0.45%, according to the FDIC. The good news is that the top high-yield savings accounts offer annual interest rates of 5% or…
Welcome to our weekly Newsround, where we bring you our picks of the biggest housing news stories from the past week. Now, the King's Speech is over, and housing reform appears to be back on track. Tenants Bill of Rights This is quite similar to the Leaseholder Reform Bill which was killed in the “disarray” before the last Parliament was dissolved. The King's Speech Report sets out what the Bill will do: The Tenants' Rights Bill is a comprehensive overhaul of the private rented sector and this Government is determined to act on the failures of the previous Government, transforming…
The Bank of England left interest rates unchanged at 5.25% in June, as was widely expected. This is the seventh consecutive time interest rates have been kept on hold since they were raised to their current level in August 2023. Prior to this, interest rates had been raised 14 times in a row between December 2021 and August 2023, when they were at 0.1%. The next interest rate announcement by the Bank's Monetary Policy Committee (MPC) is at noon on August 1. Markets are expecting the Bank Rate to fall to 5% at that point. What is happening with inflation?…
British cosmetics giant Sk:n collapsed this week, reportedly coming as a surprise to staff and customers alike. The 34-year-old Birmingham-based company had 70 locations across the country and employed hundreds of staff across branches in cities including London, Manchester, Bristol, Liverpool and Cardiff. The business, which was acquired by private equity firm Tryspan in 2019, offered a range of dermatology treatments, from laser hair removal and tattoo removal to skin peels. The Sk:n website states only that it had ceased trading because it had been unable to secure investment, and a recorded message on the company's phone number repeats the…
Christina Hall appears to have removed photos of her ex-boyfriend from her Instagram. Photo: @thechristinahall/InstagramJosh is seeking spousal support and all rights to premarital property, as well as an equal division of property acquired during the marriage, including rights to HGTV and Discovery shows he developed or produced.Christina, on the other hand, is not seeking spousal support and does not want her husband to pay it.Here's what we know about real estate investor and TV personality Christina Hall.This is Christina Hall's third “failed” marriage.Christina Hall was previously in a relationship with British TV host Ant Anstead, who is currently dating…
A customer uses one of the ATMs lined up in an office building in Seoul on June 28. Yonhap News AgencyLee Hwang WooCommercial banks once again appear to be enjoying a windfall as government pressure to raise mortgage rates means lenders can pocket huge amounts of interest income.Such pressure on lenders contradicts the government's widespread policy of lowering lending rates to make bank loans more accessible to low-income households and small business owners.The policy was also rooted in public criticism that lenders were not working hard enough to boost profits, mainly through net interest income from rising lending rates and…