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...But they have since risen higher than pre-pandemic levels, as stagnant growth, rising borrowing costs and high energy prices took their toll on more companies....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...These include how much lenders have already borrowed, their commercial priorities (such as reducing profit margins to build market share) and banks’ wider risk appetites, which may drive or restrain mortgage...
...in its parent company’s share price and an organisational overhaul....
...A mortgage broker suggested he try a new lender called Perenna....
...The “effective” interest rate — the actual interest rate paid — on newly drawn mortgages fell 0.29 percentage points to 4.9 per cent in February, according to the central bank....
...The lender said it had recorded fewer arrears and defaults in the first quarter overall, following a spike last year as variable-rate mortgage costs rose....
...Lenders have taken a hit to margins as they lowered lending rates, including reductions on outstanding mortgage rates....
...BetterMed’s website says the company offers “the world’s lowest interest rate: 0% for 30 years”, as well as a “100% approval program for select applicants”....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...Tuesday was a historic day for Japanese lenders....
...The findings are consistent with a recent recovery in the mortgage market after a sluggish performance last year as lenders have cut borrowing costs from their peaks....
...Russia holds a majority stake in the lender. “Of course, every shareholder would like the company to pay 110 per cent as dividends, and we can afford it — but not for long . . ....
...UK lenders’ expectations for mortgage demand rose sharply at the end of last year, according to official data published on Thursday, as falling borrowing rates fuel a rebound in the property sector....
...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....
...While many lenders across Europe have profited thanks to higher margins, French banks that rely mostly on fixed-rate mortgages have felt the boost more slowly....
...Mortgage rates had been rising since mid-February, as swap rates — which lenders use to price their fixed-rate deals — had been gradually increasing....
...US banks have already started to report a squeeze on margins in their lending business as depositors switch to higher-yielding accounts, while markets are preparing for central banks to start cutting interest...
...Eurozone banks reported a “substantial” drop in loan demand from companies, prompting calls for the European Central Bank to signal it will cut interest rates soon when it meets this week....
...The re-pricing of interest rate expectations has caused lenders to offer cheaper deals, but households continue to face higher mortgage payments as their fixed contracts expire....
...Banks charge more for high loan-to-value mortgages, given the higher risk to the lender should the property fall into negative equity....
...Central business districts of some cities like as Seattle, Los Angeles, and San Francisco, where distressed sales represent a large share of transaction volume, have seen average office sales prices fall...
...A small German mortgage lender has become one of Europe’s most bet-against stocks as it battles a surge in souring loans tied to US commercial property....
...A number of UK lenders have announced mortgage rate increases in a sign that the race towards more competitive offers is slowing, as the prospect fades of imminent Bank of England interest rate cuts....
...Robert Gardner, chief economist at lender Nationwide, said that, relative to the national average, London house prices had been “trending lower” since 2016....
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