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...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....
...“The Prudential Regulation Authority could have concerns about banks’ exposure to 99 per cent loan-to-value mortgages, even if partially underwritten by government, and could look for additional capital...
...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...
...The drop suggests that 5-year fixed mortgage rates could dip below 4 per cent this month, according to consultancy Capital Economics....
...Tax relief for buyers of multiple homes in one transaction will also be scrapped....
...US property prices: The Case-Shiller index’s 20-city composite is expected to show home prices rose 6.7 per cent annually in January, up from 6.1 per cent in December, signalling that easing mortgage rates...
...Consultancy Capital Economics forecasts house prices will probably fall 1.5 per cent in 2024, and that mortgage rates will sit just below 5 per cent for most of the year....
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...I’d be mortgage free, if I owned just one home. And my costs of living would be drastically reduced, too. But where’s the fun in that?...
...London remained the most expensive part of the UK, with the average home costing £528,798, although prices in the capital declined 2.3 per cent on an annual basis....
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...Basically, I defined what was wrong with mortgage markets. These “modified mortgages” entailed you buying the home, borrowing the money and paying 1 per cent on the mortgage for three years....
...Meanwhile, their typical monthly mortgage payment would be 38 per cent of take-home pay, well above the long-run average of 30 per cent....
...Given that they comprise bundles of home loans, mortgage-backed securities move to roughly the same macroeconomic impulses as Treasuries....
...Some $117bn in commercial mortgages tied to US offices will come due this year, according to data from the Mortgage Bankers Association, part of a wall of looming maturities that is contributing to expectations...
...The red-hot rental market has helped Foxtons, which derives 70 per cent of its revenue from lettings, to weather the downturn in the home sales market caused by higher mortgage rates....
...On average, people leaving London to purchase their first home moved a record 25.5 miles outside the capital this year, committing to longer commutes and searches further afield for affordable homes, according...
...London has historically been the home for natural resource companies whose production is based in Africa owing to the timezone, but Marrone believes that the UK capital’s investors have become increasingly...
...Stamp duty could be cut in favour of higher capital gains tax on property or reformed council tax....
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...Sainsbury’s also said Robert Mulhall, a former executive at Allied Irish Bank, would replace Jim Brown as chief executive of the supermarket’s bank at the end of March....
...The average estate agency branch now has over 31 homes for sale, up from lows of 14 at the end of 2021 during the pandemic. Despite high mortgage rates, Donnell said demand from buyers remains strong....
...“Nationwide is a good home for it and will benefit customers.”...
...The silver lining, in GS’s view, is that the banking sector is better equipped to deal with an office-price collapse than it was the home-price collapse before the global financial crisis: In our view,...
...In plain English: working from home has hurt. At first glance, that looks scary; 40 per cent is a big number. But in reality investors should celebrate....
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