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...The data comes against a backdrop of recent volatility in the mortgage market. Home loan rates peaked in the summer of 2023 before declining sharply at the end of last year....
...UK mortgage approvals rose much more than expected in February, reaching their highest level since September 2022, as mortgage interest rates fell from their peaks, Bank of England data showed on Tuesday...
...Products have been popping up and vanishing daily: in March, the average shelf life of a mortgage product was just 15 days, according to Moneyfacts, a data provider....
...Modest cuts to fixed mortgage rates are likely over the coming weeks, brokers and housing market analysts said, following positive inflation data and an upbeat outlook from the Bank of England....
...UK mortgage approvals in January rose much more than expected, reaching their highest level since October 2022 as borrowing costs fell, according to data by the Bank of England that points to a recovery...
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...This contrasts with recent BoE data that showed mortgage approvals rose to a 17-month high in February....
...UK lenders said mortgage demand returned to growth in the first three months of 2024, according to official data published on Thursday that adds to evidence of stabilisation in the property market....
...UK mortgage approvals beat expectations in February to hit their highest in 17 months, according to official data that reflects the fall in borrowing costs since the middle of last year....
...The share of UK mortgages in arrears rose to the highest level since 2016 in the last three months of 2023, according to Bank of England data underlining the impact of high mortgage rates on household finances...
...UK mortgages in arrears hit a seven-year high in the final quarter of 2023, according to official data that underlines the impact of high borrowing costs on households....
...Mortgage rates in the US sank back below 7 per cent following recent jobs data that showed the domestic labour market was not as strong in recent months as previously reported....
...“There’s quite a lot of data showing that advance fee fraud is going up,” said Jason Zirkle, training director at the Association of Certified Fraud Examiners....
...The data also showed that inflation was higher among working households, at 5.4 per cent, than retired households, at 4 per cent....
...The average deposit put down by first-time buyers in 2023 was £66,029, according to data from Halifax, equivalent to 24 per cent of the home value....
...US mortgage rates have risen back above 7 per cent as robust economic data reduces the chances of the Federal Reserve cutting interest rates soon....
...A potential blind spot in Khan’s analysis, however, is an apparent reliance on slightly out-of-date mortgage data. Barclays’ chart (figure 4 above) runs to the end of 2022....
...I feel much more comfortable owning MBS after the recent inflation data. The Fed isn’t going to hike....
...BoE data also showed a strong growth in consumer credit, which rose to £2.0bn in November, up from £1.4bn in the previous month, and a drop in the inflation rate expected by businesses for the year ahead...
...UK mortgage arrears increased to the highest rate in six years in the three months to September, according to data by the Bank of England, in a reversal of a longer-term decline and demonstrating the impact...
...The number of new mortgages taken out by older borrowers — aged over 55 — fell by 37 per cent year-on-year in October, November and December last year, according to data from trade body UK Finance....
...Scottish Mortgage’s value surged during a pandemic-era tech stock rally, with shares rising 76 per cent between March and September 2020....
...Mortgage approvals hit a six-month high in November, according to BoE data published this month, while Nationwide’s house price index increased in November and December....
...The data, released on Tuesday, adds to signs of stabilisation in the property market as mortgage approvals rose for the third consecutive time to a six-month high in December....
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