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Blackstone Mortgage Trust (BXMT) Stock Soaring Today after Loan Portfolio Purchase

NEW YORK (TheStreet) — Blackstone Mortgage Trust Inc. stock is climbing higher by 5.79% to $29.78 on heavy volume in late morning trading on Friday, after the real estate finance company announced that it has signed a definitive agreement to acquire a $4.6 billion commercial mortgage loan portfolio from GE Capital Real Estate. The company said the purchase is part of a larger $23 billion …

Mortgage Rates Lower on Weak Jobs Report

Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing average fixed mortgage rates moving lower following a weaker than expected jobs report for March.

A 15-Year Mortgage Can Save You $190K — If You Can Get It

One of the best ways to eliminate your mortgage debt is moving into a 15-year fixed-rate loan. With the average spread a full 1% compared to its 30-year mortgage counterpart, a 15-year mortgage can provide an increased rate of acceleration in paying off the biggest obligation of your life.