Hints and tips:
Related Special Reports
...Sales of new-single family homes in the US have stalled since the start of this year, as mortgage rates creep up from the multi-month lows they hit in late 2023....
...Home prices in big US cities increased in January, but high borrowing costs tempered monthly price gains in a sign that the market was cooling....
...defer spending on big-ticket items and delay DIY projects against the backdrop of sticky inflation and elevated mortgage rates....
...Persimmon overshot expectations for new home building last year as falling mortgage rates helped to boost property sales at the end of the year, but warned of a “highly uncertain” housing market in 2024....
...Foxtons struck an upbeat tone on home sales on Thursday due to easing mortgage rates, as strong lettings pushed the estate agent’s earnings above expectations last year....
...Home loan arrears are lower than during the 2008-09 financial crisis in part because of a resilient labour market and improved mortgage regulations....
...Their supporters say they provide borrowers with certainty and help them pass mandatory affordability tests, particularly those buying their first home....
...The average rate for a 30-year, fixed home mortgage was around 6.63 per cent last week, according to Freddie Mac....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...existing homes....
...That’s why they have to react so quickly,” said Simon Gammon, a mortgage broker at Knight Frank. At the end of 2023 there was a rally in bond markets that prompted lenders to lower mortgage rates....
...In 2021 the government introduced a 95 per cent loan-to-value mortgage scheme which officials say has helped close to 40,000 home buyers....
...Existing US home sales in November ticked higher than economists expected, with more buyers entering the market as mortgage rates softened....
...She’s actually got two mortgages on her property. She’s a first-time buyer who’s then bought a bigger home....
...As mortgage rates hover around 6 per cent, nearly 70 per cent of Manhattan homes purchased in the final quarter of 2023 were bought without a mortgage, according to Pamela Liebman, the chief executive of...
...US mortgage applications for home purchases rose by the most in a year in January, according to analysis by Capital Economics of data from the US Mortgage Bankers Association on Wednesday....
...Former UK science minister George Freeman has blamed an impending jump in the cost of his mortgage for his decision to quit the role and warned politics was becoming an unaffordable career....
...Home prices in big US cities steadied in December, with the high mortgage rate environment generally tempering demand in most large metropolitan areas....
...of a minority) start to feel that sweet, sweet interest-rate relief: We wrote about mortgages a bit last summer, looking at how the shifting composition of UK home borrowing to (mainly 5-year) fixed terms...
...Including mortgage payments, mortgage insurance and property taxes, he pays $3,500 per month more today than what he spent on rent at the family’s last home....
...US homebuilder confidence rose to its highest level in 4 months as easing mortgage rates have boosted demand for new homes....
...Sales of new single-family homes fell unexpectedly in October after a surprise uptick in September, as high mortgage rates threatened demand for new builds....
...Sales of previously built homes in the US jumped to the highest annual rate in a year, as easing mortgage rates and an increase in supply boosted buying....
...Sales of new homes in the UK are picking up as mortgage rates stabilise and the housing market shows early signs of recovery, according to FTSE 250 developer Bellway....
...China has made a record cut to a mortgage-linked loan rate as policymakers roll out more targeted support to the country’s ailing property sector....
International Edition