A mortgage-backed security (MBS) is an investment product that consists of thousands of individual mortgages. Investors can purchase MBSs on the secondary market and directly from the issuer. When MBS prices fall, residential mortgage rates tend to rise — and vice versa. If you have a mortgage, you may be unknowingly participating in a mortgage-backed security (MBS). That is, your home loan may be part of a pool of mortgages that has been packaged and sold to investors on the secondary market. Being part of an MBS won’t change much, if anything, about how you repay your home loan, but…
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An ICB has reversed its decision to transfer an APMS contract from a GP-led group to a private company. NHS Sussex ICB announced its decision yesterday (24 July) following an independent review which found it had breached transparency rules during the contract bidding process. The ICB had stated its intention to transfer the APMS contract for a practice in Whitehawk, Brighton, to One Medical Group, a private company providing primary care services. The GP-led Wellsbourne Healthcare community interest company, which currently runs the service, appealed the decision to NHS England’s independent patient choice and procurement panel in May. Following the publication of…
By Fergal Smith TORONTO (Reuters) -The Canadian dollar weakened against its U.S. counterpart on Friday as optimism waned that Canada would reach a trade deal with the United States before an August 1 deadline and ahead of a Bank of Canada interest rate decision. The loonie was 0.5% lower at 1.3710 per U.S. dollar, or 72.94 U.S. cents, after trading in a range of 1.3639 to 1.3725. For the week, the currency was on track to gain 0.1%. The United States may not reach a negotiated trade deal with Canada, U.S. President Donald Trump said, suggesting his administration could set…
NS&I has unveiled new iterations of its one-year British Savings Bonds, offering enhanced interest rates in what one finance guru hailed as defying “the trend in a falling market”.British Savings Bonds represent fixed-term editions of NS&I’s Guaranteed Growth Bonds and Guaranteed Income Bonds, now accessible to both newcomers and existing bondholders nearing maturity.Starting Thursday, the fresh rate for the one-year Growth and Income variants stands at 4.18% AER (annual equivalent rate), a bump up from the prior 4.05% AER.NS&I retail director Andrew Westhead said: “I am pleased that we can offer savers – both new and those with our existing…
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Image source: Getty Images News about the State Pension is rarely out of the headlines. Neither is speculation over future living standards for retirees, emphasising the importance of long-term financial planning with pensions or savings products like the Individual Savings Account (ISA). Britain isn’t alone in facing a retirement crisis. Deteriorating public finances, combined with ageing populations, raise questions about how governments across the world will be able to fund future pensions. It’s a sobering thought. But it’s never too late to start building wealth to avoid financial hardship in later life. Let me show you how a diversified fund…
Image source: Getty Images According to latest figures from HMRC, Stocks and Shares ISAs have a market value of around £430bn. Although this sounds like a lot, there’s more sitting in Cash ISAs. And while I understand the need to have a ‘rainy day’ fund, I believe this money could be earning a better return elsewhere. For example, the highest interest rate paid by Lloyds Banking Group (LSE:LLOY) on its Cash ISAs is presently (24 July) 1.4%. The best rate offered on its other products is 3.6%. My approach Personally, I try and achieve a better return by investing in…
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Hawaiian banking company First Hawaiian (NASDAQ:FHB) reported Q2 CY2025 results topping the market’s revenue expectations , with sales up 6.3% year on year to $217.5 million. Its GAAP profit of $0.58 per share was 18.5% above analysts’ consensus estimates. Is now the time to buy First Hawaiian Bank? Find out in our full research report. Net Interest Income: $163.6 million vs analyst estimates of $163.2 million (7% year-on-year growth, in line) Net Interest Margin: 3.1% vs analyst estimates of 3.1% (19 basis point year-on-year increase, in line) Revenue: $217.5 million vs analyst estimates of $213 million (6.3% year-on-year growth, 2.1%…
Image source: Getty Images It’s been an up-and-down few years for Monks Investment Trust (LSE: MNKS). In 2020-21, the FTSE 250 trust served up significant outperformance, only to then disappoint shareholders for three straight years. But in the 12 months to 30 June, Monks outperformed the FTSE World Index, delivering a 9.7% share price return versus 7.8% for the benchmark. And year to date, the investment trust is also ahead of the market. Three growth buckets The aim of Monks is to achieve returns by investing globally in growth stocks from any sector. It currently holds around 100 shares, with…