New mortgage lending in UK reaches highest level since 2008

Philip Hammond was subjected to sharp criticism following the budget last month when analysis from the independent Office for Budget Responsibility showed steps to scrap stamp duty for most first-time buyers would push up house prices and only help 3,500 people buy a home. There was positive news for ministers seeking to curb the buy-to-let […]

Mortgage rates drop to lowest since election, but borrowers barely budge

The lowest mortgage interest rates since November did little to encourage people to refinance their home loans or take out a new loan to buy a home. Total mortgage application volume rose just 0.1 percent, seasonally adjusted, last week from the previous week, according to the Mortgage Bankers Association. Volume […]

Dorsey-Led Square Posts Strong Results in First Quarterly Report Since IPO

Mobile payments company Square Inc’s revenue beat analysts’ estimates in its first quarterly results since going public in November, easing pressure on CEO Jack Dorsey who is also leading turnaround efforts at Twitter Inc. Square’s shares rose as much as 7 percent after market on Wednesday, before giving up some […]