Hints and tips:
...US homeowners still pay an average mortgage rate of 3.75 per cent — roughly half the rate on new mortgages....
...There is no comparable north star investors can use to navigate 2023. The Fed has pushed rates to 4.5 per cent, and the market thinks the central bank is almost done....
...Michael Taylor: Bank rate will peak at no more than 4 per cent....
...Recently, that has meant advising a new, “dynamic” generation of homeowners on festivals, he says....
...Accordingly, we look for quarter-on-quarter GDP growth to pick-up to a marginally above-trend 0.4 per cent rate in both Q1 and Q2, from 2019’s likely average of 0.2 per cent, before slowing to a 0.3 per...
...The US credit card default rate reached 3.21 per cent in January — the highest level since July 2013, according to S&P/Experian figures. Higher rates will also fuel concern about the car market....
...You may be addicted to channel 4's Grand Designs, but would you really want to build your own home? And the Great British pensions cash-in, is there trouble ahead?...
...Paul Fisher, principal, PGFpolicy No....
...More and more homeowners in Oklahoma are buying earthquake insurance, with 15-20 per cent of policyholders adding it to their coverage, compared with 2-4 per cent in 2011, according to the Oklahoma Insurance...
...Then in May, the CBO did a massive revision and cut the projected deficit to 4.2% of GDP....
...(Financial Times) OVERNIGHT MARKETS: DOWN Asian markets Nikkei 225 down -21.61 (-0.17%) at 12,327 Topix down -1.48 (-0.14%) at 1,039 Hang Seng down -29.44 (-0.13%) at 23,061 US markets S&P 500 up +5.04...
...Most important to lenders, the FHFA will no longer hold originators of the new mortgage responsible for underwriting errors and other irregularities committed by the original mortgage lender....
...But the Mortgage Bankers Association was careful to say that this was largely fuelled by existing homeowners refinancing rather than new buyers entering the market....
...How long will it be before the economic outlook for North America is no longer dominated by conjecture about the bottom in housing prices?...
...The move is seen as helping distressed homeowners with subprime loans to switch to more affordable mortgages....
...But 36 homeowners are now worry-free, living in houses on the wrong side of the dyke but designed to float....
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