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Lloyds launches loyalty range with discounts for Premier customers – Mortgage Finance Gazette
Lloyds is launching a new Loyalty Premier mortgage range today with a discount of 20 basis points for borrowers who have one of its Premier current accounts. The banking group has also trimmed rates by up to 15bps across Halifax and BM Solutions’ current range. The new Loyalty Premier products are available now on the…
As refi market dries up, equity products continue to drive business for brokers
“We pay up to 2 1/2 points on our HELOCs,” he said. “We recently enhanced our HELOC to allow up to a $1 million HELOC, and 2.5% on a $1 million deal, that’s $25,000. You do four of those, that’s $100,000 a year.” He noted that homeowners are sitting on approximately $35 trillion in home…
How banks’ Zelle limits push consumers to other options
Key insights: Zelle’s transaction limits are pushing consumers to other options for larger payments What’s at stake: Transfer apps PayPal, Venmo and Cash App pose a competitive threat to the bank-led Zelle. Forward look: Zelle owner Early Warning is developing workarounds to improve fraud protections while maintaining user experience. As Zelle’s reach grows, more consumers…
Major US indices fall and are led lower by the Nasdaq index
The major US indices closed lower led by the NASDAQ index which fell -1.16% or -302.47 points. For the NASDAQ index it never got out of negative territory reaching a high of down -111.14 points at session highs. The S&P index also traded into negative territory for the entire day (got to -1.36 points at…
Why Eli Lilly Stock Climbed to a Record High Today
Shares of Eli Lilly (LLY +2.87%) rose to a new all-time high on Tuesday, following upbeat analyst remarks. Image source: Getty Images. Getting more bullish JPMorgan analyst Chris Schott reiterated his overweight (read: buy) rating on Eli Lilly’s stock and boosted his share price target from $1,300 to $1,400. Even after today’s gains, JPMorgan’s new…
Gen Z claims a record share of US purchase mortgage market
“Gen Z’s rise to nearly 20% of rate locks is one of the clearest signs yet of a generational handoff in the homebuying market,” said Andy Walden, head of mortgage and housing market research at Intercontinental Exchange (ICE) in Atlanta. “Despite facing one of the tougher affordability environments in decades, younger buyers are finding ways…
