mortgages

Adjustable-rate mortgages can be cheaper but risky.Here's what you need to know

Adjustable-rate mortgages can be cheaper but risky.Here’s what you need to know

Katrina Wooten signed the contract to purchase this home under construction near Gainesville, Florida. Then mortgage rates rose sharply. Katrina Wootton hide caption toggle title Katrina Wootton Katrina Wooten signed the contract to purchase this home under construction near Gainesville, Florida. Then mortgage rates rose sharply. Katrina Wootton Katrina Wooten is buying a home near …

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Chinese borrowers put pressure on banks by prepaying mortgages

Chinese borrowers put pressure on banks by prepaying mortgages

Chinese homeowners rush to pay off their mortgages early, putting pressure on commercial banks already struggling to find attractive loan opportunities. Several state-owned bank managers told the FT that mortgage prepayments at branches in Beijing and Shanghai have increased by 20% this year. Analysts said managers’ accounts were in line with recently released national lending …

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