Hints and tips:
Related Special Reports
...If Fannie Mae and Ginnie Mac follow Freddie Mac’s lead into buying second mortgages, we estimate the secondary home equity loan market could exceed $3tn....
...Rates on 30-year mortgages have hovered around 6.8 per cent for the past six weeks, according to Freddie Mac....
...The average rate for a 30-year, fixed home mortgage was around 6.63 per cent last week, according to Freddie Mac....
...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....
...Extant studies using FHA and VA loans show that only 1/3 of the benefits from assuming a loan are capitalized into the home’s sale price (Sirmans, Smith, and Sirmans, 1983)....
...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....
...In the UK, home loans are funded in part from deposits and lenders carry the risk of default. Insurance to protect against defaults, widespread in the 1990s, is now rarely used....
...They are now closer to the 2016-19 monthly average of 66,000, signalling a normalisation in the market despite a steady rise in home loan costs over recent months....
...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...
...US home prices declined in November, as high mortgage rates tempered demand....
...Home loan arrears are lower than during the 2008-09 financial crisis in part because of a resilient labour market and improved mortgage regulations....
...The index, which tracks the proportion of lenders reporting an increase in demand for home loans versus those reporting a decrease, rose to 35.9 in the first quarter, according to the Bank of England’s quarterly...
...The growing availability of mortgages has been matched by a growth in new loans....
...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....
...Economists had forecast 723,000 new home sales. Mortgage rates surged in October, with the 30-year fixed rate hitting 7.9 per cent, according to Freddie Mac, though they have since declined....
...The data comes from individual banks, which are required to file detailed loan information with the Federal Deposit Insurance Corporation. The deadline for those filings was this past weekend....
...In the US, they are largely possible only through government intervention, since many of the loans end up being guaranteed by government agencies Fannie Mae and Freddie Mac....
...In 2021 the government introduced a 95 per cent loan-to-value mortgage scheme which officials say has helped close to 40,000 home buyers....
...Former UK science minister George Freeman has blamed an impending jump in the cost of his mortgage for his decision to quit the role and warned politics was becoming an unaffordable career....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...Over the past few years UK policymakers have explored the idea of mortgages with an interest rate locked in for the term of the loan, along the lines of long-term products offered in countries like the US...
...That’s why they have to react so quickly,” said Simon Gammon, a mortgage broker at Knight Frank. At the end of 2023 there was a rally in bond markets that prompted lenders to lower mortgage rates....
...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....
...For context, single-family residential mortgages made up 34% of FDIC-insured bank loan books in 2009, a far higher level than the 9.3% of loan books currently made up by CRE loans....
...I am divorcing my husband and have found out he borrowed money, unbeknown to me, from his parents, to help pay our mortgage for the past few months, due to our rate going up significantly....
International Edition