housing

Project Finance, Real Estate Under Close Watch

Project Finance, Real Estate Under Close Watch

The BSP or Bangko Sentral ng Pilipinas has started to closely watch the activities of Philippine banks. It is especially going through the banks' project finance and real estate exposures. The watchdog activity has intensified after a number of ..

U.S. Economy Grows At 3% in the Second Quarter

U.S. Economy Grows At 3% in the Second Quarter

The U.S. economy was revised to grow faster than expected in the second quarter due to strong consumer spending and robust business investment.Gross domestic product rose at an annualized 3.0 percent in the second quarter, the fastest pace in more t..

Mortgage Rates are Near Yearly Lows

Mortgage Rates are Near Yearly Lows

Mortgage rates are back to near yearly lows. The latest data published by Freddie Mac on Thursday shows that the 30-year fixed-rate average slipped to 3.9 percent with an average 0.5 point. Despite the slight decline, the 30-year fixed rate is still..