Banking

Nationwide extends interest-only loans to purchases

Nationwide Building Society is expanding its line of interest-only mortgages, which are available through brokers, to purchase applications to give homeowners more flexibility. This follows the company’s re-entry into the residential interest-only mortgage market in April of this year after an eight-year absence. Interest-only loans will be offered for purchase …

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Home sales will resist the rate hike

Fannie Mae made some modest changes to his economic projections this month, as consumer spending in January was above expectations and interest rates rose. The company’s Economic and Strategic Research (ESR) group expects 2021 GDP growth to be 6.6% instead of its previous forecast of 6.7% and to drop from …

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Indian stocks rose despite mixed global indices

(RTTNews) – Indian stocks are expected to open a little higher on Tuesday despite mixed global indices and lingering concerns over India’s entry into the second wave of the Covid-19 pandemic. Due to the increase in infections, normalization of business in the country is being delayed, brokerage firm Nomura said …

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