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...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....
...The pending home sales index — covering signed contracts for homes where transactions have not yet closed — increased 3.4 per cent in March to a reading of 78.2, the National Association of Realtors said...
...And the National Association of Home Builders reported today that homebuilder confidence made a surprise rebound this month....
...Mortgage rates were at 7.5 per cent, a 10-year high and more than double the 3.25 per cent interest Angela, who requested that the Financial Times not use her last name, was paying on the loan on her home...
...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....
...Mortgage brokers have welcomed an “innovative” home loan aimed at first-time buyers, which requires a deposit of just £5,000 for homes worth up to £500,000....
...Sales of previously built homes in the US declined in March, as persistently high mortgage rates continue to constrain buying activity....
...Homeowners, holding cheap legacy mortgages, become unwilling to sell their homes....
...Or the same Ben Bernanke who, as chair of the Board of Governors of the Federal Reserve system, said in mid-May 2007 that he did not believe the growing number of mortgage defaults would seriously harm the...
...Basically, I defined what was wrong with mortgage markets. These “modified mortgages” entailed you buying the home, borrowing the money and paying 1 per cent on the mortgage for three years....
...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....
...Should the deal be approved by a federal court, the politically influential association would pay $418mn in damages to home sellers and agree to changes to its rules that are likely to slash the commission...
...Long-term mortgages: Rising mortgage rates have been a big contributor to the UK’s cost of living crisis. Can long-term mortgages, a norm in the US, help solve the country’s housing crunch?...
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...Existing home sales rose 9.5 per cent in February from January to an annual rate of 4.38mn, according to the National Association of Realtors....
...For £570, Ecofurb says it will deliver an impartial in-home survey and a free quote from a national network of trusted installers....
...Sales of previously built homes rose to a seasonally adjusted annualised rate of 3.82mn, the National Association of Realtors said on Wednesday, above the anticipated 3.77mn....
...In January, the annualised rate of second-hand home sales hit 4mn, 38 per cent lower than in January 2022, according to the National Association of Realtors....
...The National Association of Home Builders’ housing market index rose 7 points to 44 in January, its highest level since September....
...As mortgage rates hover around 6 per cent, nearly 70 per cent of Manhattan homes purchased in the final quarter of 2023 were bought without a mortgage, according to Pamela Liebman, the chief executive of...
...Falling mortgage rates have helped to drive up new applications for mortgages and boost new home sales, which surged in December....
...The National Association of Home Builders/Wells Fargo Housing Market Index rose to a reading of 37, up from 34 in October, marking the first increase in four months....
...of a minority) start to feel that sweet, sweet interest-rate relief: We wrote about mortgages a bit last summer, looking at how the shifting composition of UK home borrowing to (mainly 5-year) fixed terms...
...The National Association of Realtors reached a settlement in lawsuits brought by home sellers claiming the trade group conspired to inflate agents’ commissions, potentially upending how homes are sold in...
...Sales of previously built homes in the US fell to their lowest rate in nearly 30 years as high mortgage rates constrain buying activity....
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