Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

Daniel Acker | Bloomberg | Getty Images Prospective buyers and a real estate agent, center, enter a home for sale in Warren, Michigan. Americans may be losing money in their stock portfolios this week, but they are gaining purchasing power in the housing market. Mortgage rates are falling sharply, as […]

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 […]

Weekly mortgage applications to purchase a home drop 3%, even as falling rates spark a rush to refinance

  Jamie Rector | Bloomberg | Getty Images Another drop in mortgage interest rates continued to confound expectations, but current homeowners saw a clear path to savings. Mortgage application volume rose 2.8 percent last week, all thanks to refinances. The Mortgage Bankers Association’s seasonally adjusted weekly index remains 12 percent […]

Mozilla to Drop Support for All NPAPI Plugins in Firefox 52, Except Flash

Starting with March 7, when Mozilla is scheduled to release Firefox 52, all plugins built on the old NPAPI technology will stop working in Firefox, except for Flash, which Mozilla plans to support for a few more versions. NPAPI stands for Netscape Plugins API and is an ancient plugins infrastructure […]

Biz2Credit: Institutional Lenders Bounce Back after April Drop

Approval at institutional lenders and at big banks ($10 billion+ in assets) increased in May. Meanwhile, credit unions, small banks and alternative lenders recorded a drop in their approval rates. Those were the findings of Biz2Credit, the online resource for small business finance, in their monthly lending index released this month. […]

Reduction in loan rates unlikely despite drop in borrowing costs

The benchmark 10-year bond yield fell to 7.39% on Tuesday—a level last seen on 20 June 2013. Photo: Pradeep Gaur/Mint Mumbai: Borrowing costs in the money markets have dropped significantly in recent days, but that will not reflect in bank lending rates anytime soon, bankers said. Easier liquidity conditions, expectations […]