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2% Mortgage Rates: Real or Marketing Gimmick?

Mortgages below 2.5% are real - for some United Wholesale Mortgage (UWM) created headlines recently to offer 2.5% mortgage and refinancing rates. Now it has lowered the beam further with one 2.25% VA loan rate. And other lenders are following suit. At the time of this, at least one lender is entering our network offered 30-year refinancing rates as low as 2.49% (2.644% APR). * But how realistic are these rates? Is 2.5% the exception, or is it a real rate available to ordinary borrowers? As always, it depends on what you qualify for. Find and lock a low rate…

Biden to order review of critical US supply chains

Biden to order review of critical US supply chains

President Joe Biden will issue an executive order requiring the government to review critical supply chains, in an effort to ensure that the US is not too reliant on other countries, including China, for technology and materials.Three people familiar with the order, including one senior US official, said it would demand that government agencies make a broad examination of US supply chains. It would require them to examine procurement, in addition to critical technologies and materials in private-sector supply chains.The move follows a pledge Mr Biden made during the presidential race to address both the vulnerabilities in US medical-related supply…

Wheels Up set to go public through Spac merger

Wheels Up set to go public via Spac merger

A non-public jet constitution start-up backed by buyers together with Serena Williams and Lance Armstrong plans to go public through a merger with a “clean cheque” firm launched by the previous head of the Asian division of a non-public fairness agency co-founded by LVMH.The deal would give US-based Wheels Up, a web-based personal jet reserving platform, an enterprise worth of $2.1bn. It's anticipated to shut within the second quarter of 2021 and would mark the primary personal aviation platform to be listed on the New York Inventory Change. The merger would generate as much as $790m in money, together with as…

Loans in indulgence that can now be refinanced – why you need to act fast

New rules shorten the waiting time for refi and get lower prices after indulgence. (iStock)Borrowers who recently took advantage of indulgence plans will not be penalized when it comes to getting a better interest rate or even buying a new home.If you took one severity due to the coronavirus crisis and suspended your mortgage payments, you are still entitled to refinance your mortgage this year, according to a recent announcement from the Federal Housing Finance Agency (FHFA).Here's everything you need to know about refinancing your mortgage loan (while mortgage rates are at record highs).New rules allow borrowers in indulgence to…

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