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 unchanged 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, at which point markets expect the Bank Rate to fall to 5%. What is happening with inflation? The recent…
Author: Private Lending Agent
JW Cole Advisors Inc. increased its holdings in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS – free report) by 67.8% during the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The firm bought an additional 12,805 shares during the quarter, bringing its holdings to 31,678 shares of the exchange-traded fund. JW Cole Advisors Inc.'s holdings in Vanguard Mortgage-Backed Securities ETF were worth $1,445,000 at the end of the most recent quarter. Other hedge funds and institutional investors have also recently bought and sold shares of VMBS. SWS Partners increased its holdings in Vanguard Mortgage-Backed Securities ETF…
So we have a new government: the Starmer government. But there is still a lot of negativity around. False presumptions There is a tendency among people to assume that: Your son lies in his room all day and his friends seem to be lazy slackers, so all young people are lazy and useless. Your job puts you in contact with terrible landlords, who charge terrible landlords a lot of money and threaten eviction in retaliation if the tenant complains, so all landlords must be charging exorbitant fees and refusing to comply with their legal obligations. Many millionaires and billionaires are…
Consolidated Portfolio Review Corp reduced its holdings in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT – free report) by 19.7% during the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company sold 5,033 shares during the quarter and now holds 20,465 shares of the company's stock. Consolidated Portfolio Review Corp holds 0.09% of VanEck Mortgage REIT Income ETF worth $239,000 as of the latest SEC filing. A number of other hedge funds have also modified their positions in MORT recently. Future Financial Wealth Management LLC purchased new shares of VanEck Mortgage REIT Income ETF…
Today's mortgage rates Average mortgage rates fell a bit yesterday, and the week overall was good, with rates ending the week much lower than they began, but still higher than anyone would like. Mortgage rates are once again unpredictable next week, with Thursday's Consumer Price Index (CPI) data likely to affect rates, and I have no idea what fear or delight (or boredom) that will bring. Find and lock in a low interest rate Current Mortgage and Refinance Rates Program Mortgage Rate APR* Variable 10-Year Traditional Fixed 6.378% 6.448% -0.02 30-Year Traditional Fixed 7.079% 7.13% +0.02 20-Year Traditional Fixed 6.855%…
Atrium Mortgage Investment Co. (TSE:AI – Get Free Report ) declared a monthly dividend on Thursday, July 4th, Zacks reports. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.075 per share on Tuesday, August 13th. This equates to an annualized dividend of $0.90, or a dividend yield of 8.36%. The ex-dividend date is Wednesday, July 31st. Atrium Mortgage Investments trading down 0.6% AI shares opened at C$10.76 on Friday. The company has a market capitalization of C$476.78 million, a price-to-earnings ratio of 9.44 and a beta of 1.21. The stock's 50-day moving average is C$10.91…
While commercial real estate is often talked about as a problem for smaller banks, it is the larger banks that are bearing the most visible scars so far. While commercial real estate is often talked about as a problem for smaller banks, it is the larger banks that are bearing the most visible scars so far. But that's not what's happening in the stock market. Falling values of office, apartment and other commercial real estate are weighing on the stock prices of all banks, but especially smaller ones. The KBW Regional Bank Index is down about 12% this year, while…
Discover® Home Equity Loans offer lower-than-average minimum APRs and no application, loan or appraisal fees — a standout feature among lenders, especially since closing costs can amount to up to 6% of the total loan amount.We also like that Discover approves loans in almost every state, even for borrowers with as little as 10% equity. Other mortgage lenders have stricter requirements and are much more geographically restricted.But if you’re looking for a smaller loan (or even a very large loan), keep in mind that Discover only approves mortgages from $35,000 to $300,000.Discover® Home Equity LoansAnnual Percentage Rate (APR)Apply for personal…
Principal Financial Group reduced its stake in New York Mortgage Trust (NASDAQ:NYMT – free report ) by 0.4% in the first quarter, according to its latest disclosure with the Securities and Exchange Commission. The fund sold 1,831 shares during the quarter to hold 470,943 shares of the real estate investment trust. Principal Financial Group holds about 0.52% of New York Mortgage Trust stock, valued at $3,391,000, as of the latest SEC filing. A number of other hedge funds also modified their holdings in NYMT. EMG Holdings increased its holdings in New York Mortgage Trust by 192.1% in the fourth quarter.…
Ahmad Bilal News of a looming commercial real estate (CRE) collapse has been in the news for over a year now. The bottom line is that something in the financial system will break in the near future, causing a domino effect that will result in huge losses for both commercial real estate (VNQ) and the regional banks (KRE), which hold roughly half of the outstanding CRE loans. Perhaps this is why these two sectors have significantly underperformed the S&P 500 (SPY) since the Federal Reserve began raising interest rates in early 2022. Data by YCharts The disconnect between CRE and…