“US mortgage news, interest rate updates, housing market trends, and expert homebuying advice for American borrowers.”
The Bank of England today decided to reduce interest rates to 1½%, the lowest interest rate in the banks 314-year history since it was founded in 1694. The Bank of England’s reason for another reduction in the base rate is their concern about inflation, the cost of importing sterling in international markets is too weak; … Read more
Ottawa, Canada – Canada’s merchandise trade deficit shrank to C$4.94 billion ($3.57 billion) in July 2025, down from C$5.98 billion in June, as exports rose modestly while imports declined, according to Statistics Canada data released September 4, 2025. The narrower-than-expected deficit, which beat economists’ median forecast of C$5.3 billion, signals a slow rebound in Canadian … Read more
With current interest rates reaching historic lows, one might assume that it should be easier than ever to obtain a mortgage loan, especially since lower interest rates make mortgage payments more affordable. However, today almost 100% of the loan products offered by institutional lenders are strictly “prime” loans and are available only to the best … Read more
National Home Sales Rise: CREA Signals Long-Awaited Market Boost in Canada (July 2025) The Canadian Real Estate Association (CREA) reported a significant uptick in national home sales for July 2025, marking a 6.6% increase compared to July 2024, signaling a recovery in Canada’s housing market after months of slowdown. This follows a 3.8% month-over-month rise … Read more
Property owners often wonder how they can use the value of their home to access low-interest financing. A loan or a home equity line of credit are two options available to you. Check out some of the differences below to find out which one will be a better fit for your needs. Home Equity Loan … Read more
One of the best ways to buy a used car is to narrow down your list of automotive candidates to a few promising models. The best way to buy a car is to decide whether: what kind of car do you want? What option do you want? if color matters if it will be new … Read more
Montreal, Quebec – August 29, 2025 – National Bank of Canada (TSX: NA) reported a 3% increase in third-quarter net income to $1.07 billion ($1,065 million), driven by robust revenue growth and the early synergies from its $5 billion acquisition of Canadian Western Bank (CWB), which closed in February 2025. The results, announced on August … Read more
Introduction: The Financial Accounting Standards Board (FASB) issued its “Exposure Draft” on August 17, 2010, which requires companies to record nearly all leases on their balance sheets as “right to use” assets, and A “future lease payment liability”. What does this mean for your business in layman’s terms? This proposal summarily eliminates operating leases; All … Read more
There are 3 major drugstore chains in the US: Walgreens, CVS, and Rite Aid. Below are some key statistics about the 3 major drugstore chains as of 2012: 1. Walgreens ranks first with market cap of $28.51 Billion, $72.2 Billion in 2011 total revenue ($45.1B from prescription revenues), and an S&P rating of A. According … Read more
Retainer fees are “standard business practice” for some (but not all) commercial loan situations. It makes sense that a commercial borrower would not pay such a fee, so it is important for a commercial borrower to understand when it is more likely to be required. In fact, in many business loan scenarios, a business loan … Read more