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...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 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....
...Sales of previously built homes in the US declined in March, as persistently high mortgage rates continue to constrain buying activity....
...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....
...Homeowners, holding cheap legacy mortgages, become unwilling to sell their homes....
...Mortgages for house purchases, or remortgages, were down 21 per cent, while new lifetime, or equity release, mortgages were down 40 per cent....
...The average rate for a 30-year, fixed home mortgage was around 6.63 per cent last week, according to Freddie Mac....
...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.”...
...Already, there has been an uptick in new mortgage applications and pending home sales....
...The US investment group owns 0.5 per cent of the shares in Scottish Mortgage and amassed the rest of the position via equity derivatives, taking it over the 5 per cent disclosure threshold, according to...
...Equities in Hong Kong and China were muted on Tuesday despite the country’s central bank announcing a reduction to the lending rate for mortgages on the mainland....
...Scottish Mortgage’s value surged during a pandemic-era tech stock rally, with shares rising 76 per cent between March and September 2020....
...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...
...Foxtons struck an upbeat tone on home sales on Thursday due to easing mortgage rates, as strong lettings pushed the estate agent’s earnings above expectations last year....
...Persimmon overshot expectations for new home building last year as falling mortgage rates helped to boost property sales at the end of the year, but warned of a “highly uncertain” housing market in 2024....
...Home loan arrears are lower than during the 2008-09 financial crisis in part because of a resilient labour market and improved mortgage regulations....
...Hannah Our fixed term ends in July, but we want to release some equity for a home extension. What are the panel’s top tips? Claer Barrett OK, so releasing equity for home extension....
...Purchasers with plenty of equity — borrowing no more than 60 per cent of the value of the property — can get a two-year fix with Barclays at 4.53 per cent....
...Their supporters say they provide borrowers with certainty and help them pass mandatory affordability tests, particularly those buying their first home....
...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....
...existing homes....
...Their troubles have weighed down the broader UK equity market....
...Existing US home sales in November ticked higher than economists expected, with more buyers entering the market as mortgage rates softened....
...Home prices in big US cities increased in January, but high borrowing costs tempered monthly price gains in a sign that the market was cooling....
...They have locked up existing-home supply (no one will give up their 3 per cent fixed rate) and squelched mortgage demand. Without lower mortgage rates, a thaw is unlikely....
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