Hints and tips:
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...Fixed-rate mortgages, at around 2 per cent, are still relatively low, though it’s hard for Americans to get loans....
...What is more, many Asian, Latin American and central European countries have superior debt servicing ratios to developed markets. We wrongly think the lot are basket cases. Far from it....
...Smart reads American football US investors now own more than a third of the 92 professional teams in England’s top four soccer leagues, Bloomberg News reports....
...So that leads to a fourth key point: the recent bond falls are putting a spotlight on the behaviour of non-American investors....
...GEORGE BUSH: In recent years, innovative mortgage products have helped millions of Americans afford their own homes, and that's good. Unfortunately, some of these products were used irresponsibly....
...A wave of upcoming mortgage renewals at much higher interest rates is expected to add thousands of dollars to monthly mortgage costs in areas such as Toronto and Vancouver, where the average home costs more...
...“They had to drive an hour or more into a big city just . . . to try to get a mortgage or car loan,” he said....
...The company blamed “significant increases in home mortgage interest rates” for curtailing demand....
...Tommy StubbingtonWhich means that a lot of people that were landlords and had mortgages to buy second homes and then let them out, they can’t afford to do that anymore....
...We are going to learn some things about the American consumer in the next three days. Home Depot reports first-quarter earnings this morning, followed by Target tomorrow and then Walmart on Thursday....
...In the UK, almost 85 per cent of all mortgage loans were at fixed rates at the end of last year but the percentage for new home loans was almost 95 per cent, data from the Bank of England and Financial Conduct...
...Walmart’s soft outlook was echoed by Home Depot, which warned its full-year earnings could decline for the first time since the financial crisis, against a backdrop of elevated inflation and mortgage rates...
...But plenty of Americans have a hard time letting go. This has been a boon for self-storage operators....
...It had relied on making home loans using cheap funding from customers who were offered lower mortgage rates in exchange for putting large deposits into accounts that paid little or no interest....
...Before mortgage rates started rising in the US this year, many families took the chance to buy homes beyond San Francisco, abandoning the city’s punishing rental market....
...Berkshire said higher mortgage rates were also expected to pressure its handful of businesses in the housing sector....
...The measures represent “the most crucial pivot since Beijing significantly tightened financing of the property sector,” economists at Nomura Holdings Inc. wrote Monday in a note....
...The reprieve could spur more Americans to refinance their mortgages and get buyers put off by surging home prices to come back to the market....
...Is it a financial innovation that will unlock the promise of home ownership for Americans who have been shut out of mortgage finance?...
...John Paulson remembers his sister crying when their father brought home a baby grand piano because the family had not been able to afford the Steinway she had hoped for....
...Ross Walker: There is already a substantial amount of policy tightening in the pipeline (ie, announced Bank rate hikes which have yet to feed through to mortgage debt-servicing costs), so we expect only...
...Low mortgage rates and flexibility to work from home have driven homebuying demand over the past 18 months....
...Americans tend to think entitlements are for the poor or elderly, forgetting that the effectively free option to refinance home mortgages is a form of transfer payment for the middle class....
...For starters, the US housing market remains red hot, despite the threat of rising mortgage rates. The spiralling market should motivate homeowners to keep investing in their abodes....
International Edition