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Pre-Qualified versus Pre-Approval

Many home buyers believe that being pre-qualified for a mortgage translates to them being pre-approved. A similar as these two terms sound, …

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.