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Mortgages

Mortgage Rate

"Mortgage Rates"

Butterfield: Variable 30-year 6.75 % HSBC Bermuda: Variable 30-year 6.50% Capital G: Variable 30-year 6.50%
Nov 01, 2012
Other

"Data shows more borrowers struggling to make loan repayments"

More borrowers are struggling to make loan repayments as the ongoing economic downturn bites deeper into household budgets. The latest figures from financial regulator the Bermuda Monetary Authority show a marked increase in loan impairments in the f...
Jun 08, 2012
Opinion Writer

"Pay down mortgage or save?"

Readers provide their answers to our Request for Recommendations: Pay down their mortgage or save for retirement? What should the family do? Two weeks ago, Moneywise presented a composite family case (Mrs. And Mrs. Case) to the readers of The Royal ...
May 19, 2012
Other

"More borrowers falling behind with repayments"

More people are falling behind with their mortgages as the recession bites deeper. The latest data from financial regulator the Bermuda Monetary Authority show that the number of “non-performing loans” (NPLs) on the books of local banks went up by 23...
Oct 07, 2011
Other

"Home-loan foreclosures are expected to soar this year"

The rate of home-loans in foreclosure is set to soar this year as the Island’s residents continue to struggle to pay their mortgages. This according to Capital G boss Ian Truran who sees cash-strapped homeowners facing increased financial challenges ...
Apr 06, 2011
Other

"More homeowners falling behind on mortgages - BMA"

More people are falling behind with their mortgage and loan repayments as the effects of the economic downturn bite deeper. The latest analysis of the Island’s banking sector by financial regulator the Bermuda Monetary Authority noted a “sharp increa...
Apr 04, 2011
Economy

"HSBC exec doesn't see a high number of foreclosures in 2011"

HSBC does not believe Bermuda will see a high number of foreclosures this year. The bank's Deputy CEO Richard Mosley said unlike the US, Bermuda was a more conservative market where people work hard to retain a ‘piece of the rock'. Last year less tha...
Jan 21, 2011
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