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When should you refinance your mortgage?

Interest rates are at historically low levels, signaling a good time for refinancing. (iStock)Mortgage refinancing rates are on a downward trend with the shadow of COVID-19 looming over the U.S. economy.Larger mortgage lenders agree that mortgage rates continue to slide to historically low levels. Wells Fargo estimates an interest rate of 2.93 percent for 30-year fixed-rate mortgages by the end of 2020. Fannie Mae is not far behind, demanding an average interest rate of 3.05 percent in the latter half of the year.Mortgage lenders say it's a good time to refinance a mortgage. However, homeowners who want to refinance right…

Why young billionaires are looking for bigger private jets than ever before

A private jet available via PrivateFlyFacebook: @PrivateFly We may still be in the middle of a pandemic, but it seems that the super-rich are still investing in luxury aircraft, especially aircraft with engines large enough to enable them to travel transatlantic without the need for stopovers.According to The Telegraph, there has been an increase in younger billionaires seeking larger, far-reaching ones private jets. Jetcraft Owner Jahid Fazal-Karim told the newspaper: 'If you're a technical entrepreneur or CEO who's been successful at a young age, you're more likely to buy a large jet because it fits your lifestyle and the global…

How much equity do you need to refinance your mortgage?

Take the time to run the numbers before you start applying for a home refinance.As states continue to make tough decisions about reopening the economy, many homeowners are considering taking advantage of lower interest rates with a mortgage refinance. Mortgage rates hit another historic low with 30-year fixed-rate loans averaging 2.98 percent and 15-year fixed-rate loans averaging 2.48 percent, according to Freddie Mac.Interest rates have been steadily declining since then Federal Reserve made speed reductions in March in response to the coronavirus pandemic.Since interest rates are so low, it may be a good time for you to consider refinancing your…

Xiaomi sues US authorities over inclusion on Pentagon blacklist

Xiaomi sues US government over inclusion on Pentagon blacklist

Xiaomi, the Chinese language smartphone maker, has sued the US authorities over a transfer by Donald Trump in his final week as president to position the corporate on a Pentagon blacklist that bars Individuals from investing in it.The group, which has overtaken Apple to grow to be the third-biggest smartphone maker, filed a lawsuit in opposition to Lloyd Austin, the US defence secretary, and Janet Yellen, the Treasury secretary, following its addition to a listing of corporations with suspected ties to the Chinese language army.The Pentagon final yr began compiling a listing of Chinese language corporations with alleged ties to…

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