business news

Commercial mortgages could be on brink of collapse: Real estate investor Tom Barrack

Lawmakers are working to reach an agreement on a massive stimulus package to combat the economic impact of coronavirus. Real estate investor Tom Barrack, Colony Capital chairman and CEO, is warning commercial mortgages are on the brink of collapse and that we are seeing the beginning of “a second crisis[…]

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Mortgages applications drop 29% for the week amid coronavirus crisis

CNBC’s Diana Olick reports on the latest weekly mortgage applications data. An increase in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market. Total mortgage application volume fell 29.4% last week from the previous week, according to[…]

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What 0% Interest Rate Really Means

When the Federal Reserve cuts interest rates, the stock market tends to rise. However, when the Fed cut rates to 0% on Sunday, March 14, Dow futures plummeted and trading was halted. Why didn’t it go up, and what does a 0% interest rate mean? MORE BUSINESS INSIDER: 6 Times[…]

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6 Creative Strategies To Deal With Student Loan Debt

Student loan debt forces millions of Americans to put off major life milestones like buying a home or having a child. Refinancing your loans only works if you have a great credit score and steady income. We put together six things you can do to deal with your debt and[…]

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Mortgage refinance applications spikes, hitting highest level since April 2009

CNBC’s Diana Olick reports on the latest weekly mortgage applications data. source

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Record number of homeowners can refinance—Here's how much you could save

CNBC’s Diana Olick reports on how a record number of homeowners can now refinance and what that means for homeowners. The average rate on the 30-year fixed mortgage fell to a record low of 3.29%, Freddie Mac reported this week. That’s down from the previous low of 3.31% in November[…]

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Drop in bond yields has led to historic mortgage refinancing boom

CNBC’s Diana Olick takes a look at how lenders are managing a flood of requests from homeowners to refinance. source

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How the coronavirus could affect the Fed's outlook on interest rates for 2020

Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, and Mike Santoli, CNBC’s senior markets commentator, join “Squawk Box” to discuss how the coronavirus outbreak might influence the Fed’s outlook on rates for the year. The Federal Reserve heads into its first meeting of the new[…]

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Fed cuts interest rates by 50 basis points in surprise move to combat coronavirus outbreak

CNBC’s Steve Liesman reports on the Fed’s surprise announcement to cut rates by 50 basis points to curb the economic effects of the coronavirus outbreak. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to[…]

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Mortgage refinance apps surge as interest rates drop on coronavirus fears

Mortgage rates hit a record low this week, which is reflected in the weekly applications. CNBC’s Diana Olick reports. source

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