$2M Goes Towards Affordable Development

PATERSON, NJ-The Community Preservation Corp., a not-for-profit mortgage lender, has provided New Horizon Joint Venture with a $1.8-million loan to develop six low-income, two-family homes in the fourth ward here. The homes will be located on three vacant sites on Summer St., Hamilton St. and 12th Ave. The sites are close to Paterson’s downtown business […]

New two-year fixed rate offset mortgage from first direct

On Thursday 13 December 2007 first direct launched a market-leading two-year fixed rate offset mortgage priced at 4.99% (6.6% APR). The rate is a limited offer.
Following the fixed rate period, it reverts to a competitive standard variable rate of 6.50% - a full 1% lower than the equivalent rate from Halifax.
Over 10% of the direct […]

Dollar gains ground on euro, UK pound on US productivity report

The dollar rose Wednesday against the euro and the British pound after a report showed U.S. workers’ productivity hitting its fastest pace in four years.
Traders were also looking ahead to Thursday’s interest rate decisions by the European Central Bank and Bank of England.
Analysts expect both banks are likely to keep their interest rates unchanged at […]