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...Buch said it was “realistic” for banks to meet those requirements, and gave the example of energy-efficiency certificates for mortgages....
...The average two-year mortgage with 60 per cent loan to value was 4.62 per cent in February, according to the central bank....
...Since then, it has suffered from a sell-off in growth companies prompted by aggressive interest rate rises from central banks to fight inflation....
...Scottish Mortgage’s public and private portfolio is delivering strong operational results, evidenced in part by free cashflow from the portfolio companies having more than doubled over the past year....
...The board of Scottish Mortgage Investment Trust has announced a £1bn share buyback in an attempt to prop up its share price, as high interest rates and complex regulations continue to weigh on the investment...
...The increase reflects broader growth of the country’s mortgage market. Central bank figures published this month show the total mortgage portfolio of Russian banks increased by 34.5 per cent last year....
...Equities in Hong Kong and China were muted on Tuesday despite the country’s central bank announcing a reduction to the lending rate for mortgages on the mainland....
...China’s central bank on Tuesday cut a benchmark mortgage interest rate in a move to stimulate the country’s ailing property sector....
...Mortgages for house purchases, or remortgages, were down 21 per cent, while new lifetime, or equity release, mortgages were down 40 per cent....
...“All of the data suggests a recovery in the housing market in 2024,” said Tomasz Wieladek, chief European economist at investment company T Rowe Price....
...Moreover, the threat of mortgage payment shock should prompt the central bank to start cutting rates sooner rather than later....
...The BoE said January’s “effective” interest rate — a measure of the weighted average cost — on newly drawn mortgages fell 9 basis points, to 5.19 per cent....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...The better market conditions were reflected in figures published by the central bank on Thursday, which showed that mortgage approvals rose more than expected and to a five-month high in November....
...The sharp slowdown in eurozone bank lending stabilised in October after a pick-up in monthly credit flows for mortgages, according to data from the European Central Bank....
...With financial markets expecting the central bank to cut its benchmark rate from a 16-year high of 5.25 per cent this year, mortgage rates on popular fixed deals have declined since the summer....
...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....
...Eurozone bank lending has shrunk this year after the European Central Bank made 10 consecutive interest rate increases, from an all-time low of minus 0.5 per cent in July 2022, to try to tackle rampant inflation...
...Rates on popular fixed mortgage deals have started to ease from the summer, following expectations that the central bank will cut interest rates later this year....
...This prompted some lenders to increase their mortgage rates in February....
...Most Fed officials support reducing the central bank’s mortgage-backed securities holdings to zero, to avoid distorting the mortgage market....
...Equities in Hong Kong and China fell on Tuesday despite the country’s central bank announcing a reduction to the lending rate for mortgages on the mainland....
...The central bank on Sunday kept the one-year MLF rate unchanged at 2.5 per cent, the lowest level since the rate was introduced in 2014....
...The central bank held rates at 4.35 per cent following its first meeting of 2024....
...However, it is seeking a new sponsor to cover annual maintenance costs of €200,000 after a deal collapsed last year with a company behind caiz, a sharia-compliant cryptocurrency....
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