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...UK lenders reported a return to growth in the demand for mortgages in the first three months of 2024, according to the latest official data, providing further evidence of the property market stabilising....
...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....
...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....
...Pimco has proposed its first mutual fund-to-ETF conversion, according to a regulatory filing....
...Friday interview: Harley Bassman Almost all of what fixed-income options traders do on Wall Street today, Harley Bassman did first....
...UK house prices fell for the first time in six months in March, according to the lender Halifax, surprising economists and adding to signs of inconsistency in the property market recovery....
...UK house prices rose more than expected in February, posting their first annual increase in more than a year according to lender Nationwide, adding to evidence of a market recovery as mortgage rates eased...
...Nevertheless, the figure remains well below a peak of 3.64 per cent in the first quarter of 2009, during the global financial crisis....
...Northern Ireland was the best-performing region, with house prices rising by an annual rate of 4.6 per cent in the first three months of 2024, according to Nationwide....
...UK average mortgage rates fell for the first time in over two years, according to data from the Bank of England, suggesting that the burden on homeowners is easing as lower borrowing costs filter through...
...“Very suspicious at first glance.”...
...After declining from 23-year highs in October, the slide in mortgage rates has stalled....
...The first signs of borrowers responding are likely to show up in mortgage approvals....
...Their supporters say they provide borrowers with certainty and help them pass mandatory affordability tests, particularly those buying their first home....
...Nevertheless, the share of mortgages in arrears remains well below a peak of 3.64 per cent in the first quarter of 2009 during the global financial crisis....
...And in the mortgage world, you can, which is important, but let’s go to you first....
...UK mortgage approvals rose to a six-month high as the average rate fell for the first time since November 2021, adding to signs of stabilisation in the property market....
...Apple’s global iPhone shipments declined 9.6 per cent in the first three months of 2024 compared with the same period in 2023, according to a report from the International Data Corporation....
...Its gain-on-sale margin — which measures how much is earned when mortgages are sold — came in at 2.6 per cent in the first nine months of 2023, compared with 4.5 per cent in 2020....
...US mortgage rates have fallen below 7 per cent for the first time in four months, a sign of relief for the housing market as the Federal Reserve shifts its monetary policy path towards interest rate cuts...
...Meanwhile, the average age of a first-time buyer has risen to 32 from 29 in 2011....
...“Buyer demand has grown as mortgage rates have begun to normalise, with good levels of growth seen in recent weeks as the first mortgage products are released with rates below 4 per cent since the September...
...Average UK house prices fell 1 per cent in March from February, marking their first fall after five consecutive monthly rises and surprising economists who had expected a slight increase....
...Expectations that the Bank of England will begin cutting rates in the first half of the year have helped to lower mortgage rates, leaving the likes of Persimmon — whose share price rose 2.2 per cent on Friday...
...The sharp rise in mortgage costs as the Bank of England raised interest rates to tame inflation put the brakes on the property market, and imposed a particular strain on affordability for first-time buyers...
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