Barclays offers new home mortgage in UK

Barclays’ mortgage arm Woolwich has today launched a market-leading 90% loan-to-value mortgage deal for borrowers buying a new property from UK homebuilder Bovis Homes. The deal is a two-year fixed rate at 4.99%, with a £999 (US$1,455) fee, which then reverts to a lifetime tracker of bank base rate plus 2.49%.

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Mortgage rates drop on Fed intervention

The average U.S. rate for a 30-year fixed mortgage fell to 3.33% this week, according to Freddie Mac, as the Federal Reserve’s bond-buying program created demand for securities backed by home loans.

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3d rendering of a row of luxury townhouses along a street

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