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...Even the inventory of new homes dipped a bit in 2023, as high mortgage rates put a damper on Americans’ desire to finance anything....
..., according to UK Finance — or switch to an interest-only mortgage, but these are typically only available for borrowers with smaller LTVs....
...The Federal Reserve is expected to cut rates, probably beginning in June. The average rate for a 30-year, fixed home mortgage was around 6.63 per cent last week, according to Freddie Mac....
...Sales of new-single family homes in the US have stalled since the start of this year, as mortgage rates creep up from the multi-month lows they hit in late 2023....
...House prices in London have underperformed the rest of the UK for the past eight years because of the unaffordable costs of property, post-pandemic housing trends and high mortgage rates....
...“High mortgage rates are creating a real void for people who don’t have the strong finances that are required to buy in cash,” she said in an interview with the Financial Times....
...Its lawyers argued to a judge that the small federal agency accusing Trader Joe’s of breaking labour laws, the National Labor Relations Board, was itself unconstitutional....
...Relief is coming for UK mortgage holders. But not, like, very much of it....
...As better fixed-rate deals become available, it is easier for buyers to plan their finances: the share of those taking out variable, tracker or discount mortgages fell from 36 per cent in November 2022,...
...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”....
...National Statistics data by Hamptons estate agency....
...Demand for rented homes remains strong, while landlords face higher mortgage bills as interest rates have risen....
...The MP for Mid Norfolk explained his rationale for resigning: “Because my mortgage rises this month from £800 [per calendar month] to £2,000, which I simply couldn’t afford to pay on a ministerial salary...
...The rise in mortgage costs as the cost of living crisis continues comes as Prime Minister Rishi Sunak seeks to show he is supporting homeowners ahead of the general election expected this year....
...Simon Gammon, managing partner at Knight Frank Finance, said: “Demand for mortgages to buy homes has been rising since the new year and momentum will continue to build into the summer.”...
...This may be a smaller one for those older people who want to “downsize”. But for most homeowners with a mortgage who are moving up the housing ladder, the new house is larger....
...The US Federal Housing Finance Agency on Tuesday said it plans to rein in a group of 11 regional government-backed wholesale lenders, the Federal Home Loan Banks, that became a key source of funding for...
...Sales of new homes in the UK are picking up as mortgage rates stabilise and the housing market shows early signs of recovery, according to FTSE 250 developer Bellway....
...Simon Gammon, managing partner at broker Knight Frank Finance, said: “The recovery in housing market activity is taking hold despite an uncertain start to the year for mortgage rates.”...
...“For Rios to become more popular they need to offer more competitive rates,” said Boulger. In the UK Finance figures, buy-to-let loans or remortgages were down by 53 per cent....
...If you buy a Fannie Mae 6 [per cent coupon], it’s as if you’re selling a 105 call for 6 points [the “call” is mortgage holders’ option to refinance if rates should fall]....
...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....
...Higher-than-expected figures last week for US consumer price index inflation in March led markets to row back expectations that the Fed would cut rates as soon as June....
...Opinion: Trump’s financial difficulties pose risks for America as well as for himself, argues Edward Luce....
...The scheme would only require home buyers to put down a 1 per cent deposit on their first home, with the government acting as a loan backer....
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