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Mortgage Loan


New Zealand may now be in ‘phase two’ of the property market downturn, Corelogic says, and rising interest rates could add $12,000 a year to the cost of a $500,000 home loan . The Reserve Bank on Wednesday raised the official exchange rate by 75 basis points to 4.25%. Corelogic economist Kelvin Davidson said the …

“This indicates that monetary policy is already tight enough,” Mr. Aird said. “For many households that have a mortgage, they will have to cut spending to meet these higher mortgage payments at a time when real wage growth is deeply negative. “This will slow demand in the economy in 2023 and, by extension, slow consumer …

FLOATING RATES DBS’s floating rates remained the same at a Singapore Overnight Rate Average (SORA) compounded over three months and a lending margin of 1% per annum. The three-month compound SORA rose from 0.1949 at the start of the year to 2.6633 on November 14. There is a two-year blocking period. The bank has also …

Editorial independence We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money. Homeowners in the United States all seem to have the same thing …

by Doris Liu Chinese bank HengFeng, with the help of the biological asset supervision platform developed by JD Technology, granted mortgage loans to 160 head of live beef cattle, the first of its kind across the country, setting an example of finance digital nationwide, as reported by international market research firm IDC. According to data …

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. When you are behind on your mortgage payments, your lender may possibly repossess your home to recoup the loss. But that won’t happen right away. Lenders must follow a series of steps …

Federal Home Loan Bank of Chicago will help fund $20.6 million in affordable housing projects in Illinois and Wisconsin The old McKinley School in Milwaukee. Credit: Google The Federal Home Loan Bank of Chicago (FHLBank Chicago) announced that it has awarded $20.6 million through its Affordable …

“Look, it’s a tough game,” said Power, an Irishman who knows a thing or two about resilience. He turned pro in 2011 and didn’t make it to the PGA TOUR until six years later. “It’s an individual sport and individual sports have their ups and downs. It’s not for everyone. What’s for everyone is the …

DALLAS–(BUSINESS WIRE)–The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce that in partnership with its member financial institutions, it has awarded nearly $17.2 million in Affordable Housing Program (AHP) grants to 26 projects, mostly in its five-state districts of Arkansas, Louisiana, Mississippi, New Mexico and Texas. The grants will result in …

The First-Time Home Guarantee program is designed to help eligible buyers own their first home faster. It does this by allowing a buyer to purchase a home with as low as 5% down payment without having to pay for mortgage insurance from lenders. It was introduced by the federal government in 2019 and it is …

Charlotte-area Habitat for Humanity hosted a wall-building event on October 20 at The Meadows at Plato Price, an all-affordable home community development project. The Meadows at Plato Price will be a 39-home development on Charlotte’s west side off Morris Field Drive. Charlotte-area Habitat for Humanity broke ground on the project in June, and infrastructure is …

Equity is the difference between the current market value of your home and the amount outstanding on your mortgage. For example, if the current market value of the property is $600,000 and the mortgage balance is $400,000, your net worth will be $200,000. You can borrow against the equity in your home to buy a …

A reverse mortgage allows a homeowner to borrow money using equity as collateral. This is a type of home loan available to Australians aged 60 and over, and it helps people who have exhausted their savings and sources of income. In other words, someone who is asset-rich but cash-poor. Interest is charged on a reverse …

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing entitled Annual Oversight of the Nations Largest Banks, at the Hart Building on Thursday, September 22, 2022. tom williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase is expected to release its third-quarter results before the opening …

HDFC offers several modes by which home loan customers can pay their EMIs. These include electronic methods (ECS and special agreement with HDFC Bank), non-electronic methods (post-dated checks and direct payments) and bulk payments (through an agreement with employers). HDFC indicates on its official website that in the case of electronic methods, the collection of …

Interest rates do not appear to have a big impact on people buying their dream residential properties with borrowed funds, as outstanding mortgages from banks nearly doubled to Rs 16.85 lakh crore as of over the past five years, according to Reserve Bank data. Even in the first five months of the current fiscal year, …

Borrowers will soon be able to apply for student debt relief from President Joe Biden. Labor Secretary Marty Walsh said debt cancellation could help people buy their first home. Pardoning federal marijuana convictions will also help more people get better jobs, Walsh said. Loading Something is loading. With jobs booming, people still comfortable quitting for …

I am a 42 year old graphic designer working freelance in Indore. I am building another floor in my house and I need funds for the same. Please advise me on the best options as I am not employed by any company; I would like the best possible conditions for a home loan so that …

Representative image. News 18 The biggest financial liability an individual can take on is a home loan. Failure to repay the home loan means that the lender could acquire the house, which had been mortgaged as collateral. In order to avoid such a situation, borrowers ensure that all their repayments are made on time. However, …

In a symbolic event for the crypto industry, an investor secured a crypto loan using an Airbnb property as collateral. The borrower put up a Cypriot apartment as collateral for a USDC 5,000 loan facilitated by USDC.homes on the Teller protocol. It’s unclear how the loan relates to the Airbnb property itself. Loading 1575161441753059333 The …

Three of Australia’s big four banks are forecasting another 50 basis point hike in the national cash rate when the Reserve Bank of Australia (RBA) board meets on the first Tuesday of October 2022. With another hike of this magnitude likely to exacerbate pressures on household budgets across the country, the next question is: when …

Lending volume has surged in recent years at Fairway Independent Mortgage Corp. – and that growth has translated into a significant increase in the workforce of the Madison, Wis., Connecticut-based company. Fairway aims to not only hire enough people to support its growing business, but also to retain its employees for many years in an …

For the editor: This month, the Federal Housing Finance Agency (FHFA) will begin a review of the Federal Home Loan Bank System, which welcomes the opportunity to work with our regulator and stakeholders to chart a course for the future. Since 1932, the Federal Home Lending Banks – the 11 regionally based, independently operated, cooperatively …

wemlo® is recognized as one of the best places to work for mortgage professionals thanks to its employee-focused culture of empowerment and committed leadership team DENVER, September 21, 2022 /PRNewswire/ — While many organizations have had to deal with the Great Resignation, wemlo®, a technology-driven mortgage processing startup and subsidiary of RE/MAX Holdings, Inc., has …

Becoming a debt-free homeowner is a financial feat. This relieves you of having to pay EMI month after month, and you have the satisfaction that your house is now completely yours. However, you can’t afford to skip some due diligence when closing your home loan. The task may seem a bit tedious, but it will …

Getting a home loan can be an overwhelming experience, from choosing a mortgage broker and lender to sorting through all your other finances. It can be difficult to know where to start and what all the jargon means. Here are some answers to key questions about loans for first-time home buyers. Camera iconThere are lenders …

Mortgage rates topped 6% for the first time in 14 years as inflation so far resisted efforts by the Federal Reserve to rein it in. The spectacularly rapid escalation chilled what had been a boiling US housing market, increasing pressure on an economy plagued by relentless inflation. According to the latest data published Thursday by …

Oregon landlord who ran for US Senate as a Republican challenges the president Joe Bidenof his student loan plan in federal court, arguing that the relief will worsen inflation and increase interest costs on his mortgage. The lawsuit, filed Monday by Daniel Laschober in the U.S. District Court for the District of Oregon, argues that …

Gold is a popular choice for people looking to borrow a secured loan and have capital against it. Public and private sector banks in India offer loans against gold as collateral and charge interest on the principal amount. Interest rates on gold loans vary from bank to bank depending on factors such as the weight …

Some mortgage lenders have expanded their home loan programs to make it easier for low-income people and minority communities to become homeowners. Earlier this year, a report by the National Association of Realtors highlighted a disparity in homeownership between white consumers and people of color. Lenders like Bank of America, TD Bank, and Chase are …

Rising interest rates are crushing mortgage refinance volumes, but homeowners are increasingly turning to second loans and aren’t expected to slow down anytime soon. Lenders created some $100.8 billion in home equity lines of credit, or HELOCs, in the first five months of the year, up nearly 50% from a year ago, according to a …

The television industry is always filled with fun and exciting happenings that keep TV lovers glued to their seats. The world of the small screen is no longer limited to television and it has become more vast and colorful. Our favorite celebrities love sharing details about their personal and professional lives on social media, making …

CARMEL, IN – Merchants Mortgage, a division of Merchants Bank of Indiana (NASDAQ: MBIN) (“Merchants Bank”), today announced the hiring of Damian London and Jeffery Frieman as Mortgage Managers. London and Frieman will join the Merchants Mortgage office at the company’s headquarters in Carmel, Indiana. London brings nearly a decade of mortgage experience to his …

In 2015, my wife Noki, my daughter Evie and I took a vacation to Lisbon, Portugal. We immediately fell in love with the beautiful weather, the noise of the cable cars and the most welcoming people we have ever met while travelling. At the time we were living near Washington DC, I had retired in …

NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to six classes of Barclays Mortgage Loan Trust mortgage notes 2022-NQM1 (BARC 2022-NQM1), a $255.3 million non-senior RMBS transaction. The underlying collateral, consisting of 718 residential mortgage loans, is characterized by a notable concentration of alternative income documentation (96.2%). With respect to the repayment capacity/qualifying mortgage (ATR/QM) rule, approximately …

Bank of Valletta has become the first local financial institution to offer customers a holistic digital journey when applying for a home loan. While customers can still choose to visit a branch at any time during their home loan application process, the new online home loan solution, accessible via a revamped homepage on the company’s …

India’s residential market is expected to maintain demand momentum despite rising mortgage and real estate rates as sales this year in the 7 major cities are expected to surpass the pre-pandemic level of 2.62 lakh units, industry players said. . After braving four consecutive disruptions in the form of demonetization, RERA, …

Nathan Connolly and Shani Mott filed suit against 20/20 Valuations LLC, its owner Shane Lanham and loanDepot.com on Monday, alleging that defendants 20/20 Valuations LLC and its owner “discriminated against plaintiffs by significantly undervaluing their home in an appraisal because of the applicants’ race and the location of their home next to a black census …

As heavy rains cause flooding, evacuations and damage to homes in parts of the South Island, ASB is offering emergency financial assistance to clients caught in the storm. A state of emergency was declared on the West Coast on Tuesday and in the districts of Nelson and Tasman on Wednesday, and a heavy rain warning …

Deepesh Bhan, who played the role of “Malkhan” in Bhabiji Ghar Par Hai, said goodbye to this world in July. Due to the delay in filming time, he had gone to play cricket, and his health deteriorated while playing. After the actor fell unconscious, he was taken to hospital, where it was learned he had …

Index to Management’s Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements 37 Executive Summary 39 Economic Conditions 40 Selected Financial Data 41 Results of Operations 43 Financial Condition 48 Liquidity and Capital Resources 57 Critical Accounting Estimates 62 Recent Accounting Developments 63 Legislative and Regulatory Developments 63 Forward-Looking Statements 37 ——————————————————————————– …

Commonwealth Bank announced a 9% rise in profits, despite a drop in margins. Key points: CBA reported statutory net profit of $9.7 billion The bank will pay a final dividend of $2.10, fully franked The ABC says most of its customers are well positioned to afford an interest rate hike, but 37% are less than …

KUALA LUMPUR; Bank Muamalat Malaysia Bhd is offering financing of up to RM400,000 through its Smart Mortgage SJKP (Syarikat Jaminan Kredit Perumahan) home loan program to help the self-employed and people on non-fixed incomes, including workers in the in the on-demand economy, business owners and small traders or entrepreneurs become first-time homeowners. The scheme is …

A day after the Reserve Bank of India (RBI) raised the repo rate and the standing facility deposit rate by 50 basis points (100 basis points = 1%), many banks increased their interest rates on home loans. One of the banks that have hiked is . According to the bank’s website, the Baroda Repo Linked …

The mortgage is one of the most practical credit facilities to finance a real estate purchase. Despite the simplicity of the process for eligible applicants, home loan applicants should still exercise caution when applying for a loan. Profile verification is an essential aspect of this procedure in which lenders perform several checks on applicants to …

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Buying a home isn’t just about saving for a mortgage and finding the perfect home. This also includes finding the right type of mortgage that best suits your budget – loan term, …

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Much has been said about a slowdown in the housing market in recent months. Rising interest …

What are the different fixed and variable interest rates offered for home loans today? Let’s take a detailed look at the interest rates of banks and housing finance companies. – Institution Amount of the loan Below Rs. 30,000,000 Rs. 30 to75,000,000 Rs. 75,000,000 More BANKS (Floating rates) Axis Bank 7.60-8.05 7.60-8.05 7.60-8.05 Bank of Baroda …

How were the winners chosen? For the First Home Buyer Awards, each eligible supplier in Canstar’s database was evaluated based on their offerings to customers in five categories: Planning your first home (5%): How does the institution support consumers through the planning stages of buying their first home? For example, does it provide budgeting tools, …

The past two years have had an emotional impact on hopeful homebuyers, and the current increases in interest rates and inflation aren’t helping. The Santiago Arana Agency offers strategies to help your potential buyers manage their expectations and relaunch their property search. In a changing real estate market, Inman’s advice and expertise are never more …

Welcome to The Exchange! If you received it in your inbox, thank you for subscribing and for your vote of confidence. If you read this as a post on our site, subscribe here so that you can receive it directly in the future. Each week, I’ll take a look at the hottest fintech news from …

What are the different fixed and variable interest rates offered for home loans today? Let’s take a detailed look at the interest rates of banks and housing finance companies. – Institution Amount of the loan Below Rs. 30,000,000 Rs. 30 to75,000,000 Rs. 75,000,000 More BANKS (Floating rates) Axis Bank 7.60-8.05 7.60-8.05 7.60-8.05 Bank of Baroda …

The European Central Bank (ECB) is preparing to announce today an increase in its key interest rates, the first in more than a decade. What will this mean for consumers? Q: How much could rates rise at the ECB meeting today? A: The Governing Council of the ECB previously indicated that it would raise its …

A woman walks near a construction site of apartment buildings in Beijing, China July 15, 2022. REUTERS/Thomas Peter Join now for FREE unlimited access to Reuters.com Register SHANGHAI/BEIJING, July 18 (Reuters) – Chinese regulators on Sunday urged banks to lend to qualified real estate projects and meet developers’ funding needs when reasonable, in their latest …

HONG KONG, July 14 (Reuters) – Chinese banks could face steep write-downs in their mortgage business as a growing number of buyers threaten to halt loan repayments in protest at unfinished apartments that sold to them, analysts say. Bad mortgage ratios for banks could rise three to five times as homebuyers stop mortgage payments, analysts …

PenFed operates in all 50 states and in Washington, DC as well as Guam, Puerto Rico and Okinawa. While PenFed was originally intended for the US military, anyone can join the credit union simply by opening and funding a savings account with $5, which acts as your member-owner share. Note that PenFed interest rates on …

Desperate banks are offering a range of deals to lure customers, as a perfect storm hits the housing and loan market. BNZ and KiwiBank are both offering customers 1% cash back (with conditions) – in some cases, up to $20,000 – when taking out home loans. ANZ has launched a special 1% interest rate for …

Many employees claim an income tax deduction on the HRA or home loan repayment. Only a few know that they can claim these two deductions together. If you qualify for a tax deduction on HRA or home loan repayment simultaneously, you need to do so because what’s the harm in getting tax benefits on your …

Mortgage holders are reeling from 3 consecutive cash rate hikes as refinancing hits record highs, according to new research from Finder. Australia’s big four banks have all raised their variable interest rates on home loans by 50 basis points since the Reserve Bank of Australia’s (RBA) cash rate announcement on Tuesday. A Finder Survey of …

Placeholder while loading article actions Everyone is stressed about consumer debt. Investors dumped stocks of big banks, credit card specialists and fintech startups for fear of the pain that rising costs of living and interest rates will inflict on borrowers. What’s odd is that households in the US, UK and much of Europe are in …

You might be surprised to see that some banks have reduced interest rates on home loans. While there’s often a catch, here’s why you should pick up the phone. These are the words many Australians would love to hear right now: your bank is lowering interest rates. You may have seen recent reports of banks …

Placeholder while loading article actions There may be signs that the overheated housing market is cooling, but many buyers still feel like it’s nearly impossible to get a home without an all-cash offer, or something close to it. One way to get hold of this amount of money is to borrow against an investment portfolio. …

AUSTINTexas , June 29, 2022 /PRNewswire/ — The Texas Department of Housing and Community Affairs (TDHCA) has exceeded $50 million in home loans and related housing expense reimbursements distributed to more than 7,000 Texas households affected by the COVID-19 pandemic. Through the Texas Homeowner Assistance Fund (TXHAF), eligible Texans affected by the pandemic can catch …

Real estate finance company Greystone has appointed former bank manager Hafize Gaye Erkan as CEO. Erkan was most recently Co-CEO, Chair and Board Member of First Republic Bank (NYSE: FRC) where she oversaw growth, wealth management, deposits and total assets. Prior to that, she worked as Head of Financial Institutions for Analytics and Group Strategies …

OPINION: A 1kg block of cheese has become the hallmark of these inflationary times, but would we be as motivated to shell out $5 more for a glass of Tasty if we had an extra $100 a week in our pockets to cover it? Or if we had the ability to receive an extra $300 …

What will happen to mortgage rates in the near future? Getty Images While 30-year fixed-rate mortgage rates have remained above the 6% mark for most of the past two weeks, for the second day in a row this week, mortgage rates fell below the 6% mark. 6%. Indeed, the average rate for 30-year fixed-rate mortgages …

Like most industries today, consumer credit services businesses continue to be significantly impacted by COVID-19. To help keep you up to date with relevant activity, below is a breakdown of some of the biggest federal and state legislative and regulatory events impacting the consumer credit services industry during the week. last : Federal activities State …

Email submissions to [email protected] departures Kelley McCallsenior vice president of the community and resources department with the RoomRVAtakes position at Meta. Right Michael K. Kelly joined Hunter Andrews Kurthof the Global Economic Development and Government Relations team as Director of Strategic Communications and Advocacy. He had been with the Virginia Attorney General’s office. Immovable Marc …

Systemic discrimination in housing and lending policies has been a major driver of social and economic inequality between communities of color. Black households own about 2.9% of the wealth in the United States, slightly more than they owned in 1863, when the Emancipation Proclamation was signed into law. For perspective, the median white household today …

Capital markets HF obtains 475 million shillings from a mortgage refinancing company for a loan Thursday, June 16, 2022 KMRC Director General Johnstone Oltetia. PICTURES | DIANA NGILA | NMG The Kenya Mortgage Refinance Company (KMRC) lent 474.9 million shillings to mortgage financier HF for onward lending to homebuyers, according to information in the latter’s …

The value of new mortgages with risky debt levels fell slightly, according to new data released by APRA. APRA’s quarterly ADI Property Exposure report for the March 2022 quarter shows that 23.1% of new mortgages had a debt-to-income ratio of six times or more, in dollar terms. This is down from the record 24.3% recorded …

Suburban residents often resist high-density housing development because it will change the character of their community. However, we do not understand how we came to live in homogeneous bourgeois neighborhoods. I feel lucky to be able to own a home in the Bay Area because our parents were able to help us with our down …

High home prices and associated debt are a major vulnerability for the Canadian economy, the Bank of Canada said Thursday, warning buyers who bought during the pandemic that the impact of even slightly higher mortgage rates high could be dramatic. In its review of the financial system, the central bank said that while the country’s …

Get Nevada Business News & PR delivered daily straight to your inbox. June 7, 2022 By Greg Ferraro leave a comment Blackmon Home Loans, a family-owned home mortgage company with locations in Las Vegas and Reno, announced that Quinn Gallagher has been hired as a mortgage loan officer. Gallagher brings about two years of experience …

You should evaluate the personal loan interest rates offered by several NBFCs and banks before applying for a personal loan from a certain bank. However, while choosing to get a personal loan or a home loan, many people approach the bank where they have their main account. When you compare the interest rates of different …

Getty Images/iStockphoto The number of borrowers who are three or more behind on their mortgage payments has increased by 55% from pre-pandemic levels, according to new data from mortgage technology and data provider Black Knight. While there were around 400,000 serious crimes left before the pandemic, today there are around 640,000, according to the data. …

DALLAS–(BUSINESS WIRE)–Next Level Loan Officers, a community of loan officer coaching experts, will host “Loan Officer Lifeline: Strategies to Survive and Thrive Over The Next Six Months” on Thursday, June 16. The event will be led by Next Level Loan Officers Co-Founders Shane Kidwell, Kenneth Travis, Kellen Vaughan and Sean Zalmanoff; and special guest Retired …

While the loan modifications are providing much-needed relief to borrowers who have dropped out of forbearance in recent months, the impact of the relief is well below the targets set by federal officials. In a new report, researchers from the RADAR Group at the Federal Reserve Bank of Philadelphia said that “with recent increases in …

By Chaitali Dutta If I have to pay part of my home loan, do I have to do it the first week of the month to reduce the simple interest payment?— Akash Thakur Most home loans are on a daily declining balance, so it doesn’t matter what date you choose for partial payment. The earliest …

How do mortgage points work? Mortgage discount points are all about playing the long game. The longer you plan to own your home, the more points can help you save on interest over the life of your loan. A discount point will cost you 1% of your home loan amount. So, with a $150,000 loan, …

West Brom BS provided £756m of new mortgages in the last financial year, around 3% less than last year, as the group’s chief financial and operations officer. According to the results of its financial year ending March 31, 2022, it received £900million in new claims, compared to £1.2billion in 2020/21. More than half, …

On May 19, 2022, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an interpretative rule (Section 1042 Interpretive Rule 5 19 2022) confirming that the Consumer Financial Protection Act of 2010 (CFPA) provides states with sweeping powers , independent of the Bureau — to enforce federal consumer protection laws. Background In a press release …

By Chaitali Dutta For my first pucca house in Surat, my home loan was sanctioned by Yes Bank in March 2021 at 8.75% interest. In May 2022, it is 9.78% and Yes Bank does not allow partial prepayment. My PMAY grant application ID was generated in June 2021 and reached stage 3 in February 2022. …

By Jeff Montgomery (May 20, 2022, 7:31 p.m. EDT) – Unsecured creditors of the bankrupt 400-bed Edgemere retirement community in Dallas have asked a Texas bankruptcy judge to reject a chapter funding loan proposal 11 of $10.1 million, unless amended, citing language that overwhelmingly favors a bond trustee over the estate and unsecured creditors. In …

Getting a mortgage loan is not a simple task. Whether you’re buying or refinancing a home, the mortgage process involves navigating a path lined with paperwork and rules, and it can be confusing. Enter mortgage officers. A mortgage loan officer is a professional whose sole purpose is to help consumers in the housing market obtain …

Mortgage lender HDFC launched a one-time WhatsApp offer on Tuesday to provide home loan in-principle approval to buyers in 2 minutes. HDFC’s WhatsApp Spot offer is a platform that will allow potential borrowers to instantly get home loan approval in principle, the lender said in a statement. All users have to do is strike up …

Has the interest rate on your home loan become 10 to 30 basis points, or basis points (one basis point is equal to one hundredth of a percentage point) expensive in the past few weeks? This is the result of the recent 40 basis point hike in the repo rate by the Reserve Bank of …

Learn from the best. Hear from leading pros share secrets for understanding the market, following trends, and staying ahead of this month’s news. Episode Inman Connect Now. You can stream live or on demand straight to your car or from any of your devices. Register now. Real estate moves fast. Mortgage rates are up, home …

A day after the Reserve Bank of India raised the repo rate by 40 basis points to 4.4%, banks began raising their external benchmark lending rate with a markup over the repo rate. As interest rates are expected to rise further this fiscal year, borrowers who are unable to increase their equivalent monthly installments (EMIs) …

Mortgage lender Housing Development Finance Corporation (HDFC) raised the interest rate on home loans by 30 basis points on Saturday, effective May 9, following the monetary policy committee’s decision to raise the repo rate. benchmark of 40 basis points earlier this week. The new rates will start at 7 percent from 6.7 percent previously. …