Hints and tips:
Related Special Reports
...Household debt as a percentage of gross domestic product almost doubled over the past decade to 64 per cent in September, according to the National Institution for Finance and Development, a Beijing-based...
...While UK and the US mortgage rates have ticked up in February, they remain well below national peaks reached in 2023....
...Mortgagor households had the highest annual inflation rate, of 6.3 per cent in December 2023, reflecting rising mortgage interest payments, according to the Office for National Statistics....
...Consumer price inflation for households with mortgages was 9.3 per cent in the year to September, above the headline national rate of 8.2 per cent, the Office for National Statistics said....
...UK private landlords typically have interest-only mortgages. That exposes them to steeper cost increases on refinancing than owner-occupiers when rates rise....
...He added that households had more scope to make mortgage payments since wages were rising faster than the rate of inflation....
...Even on our baseline 200bp cutting cycle, households on five-year fixed rate mortgages (around half of total mortgage debt) that refinance over the next two years are likely to face increased mortgage payments...
...Household cost inflation for those with mortgages was 9.3 per cent in the year to September, the Office for National Statistics said on Monday, the highest of any socio-economic group....
...The data followed the release of research by the Office for National Statistics on Monday on the impact of price pressures on different household types....
...“We think real household disposable income will continue to rise this year due to lower inflation and the boost from further cuts to national insurance tax announced in the March Budget from April,” said...
...The hedge funder David Einhorn made an argument along these lines in Bloomberg earlier this year, noting that the $13tn in households’ short-term interest-bearing assets exceeds the $5tn in non-mortgage...
...More than half of all American households and 116mn of the country’s 333mn residents hold shares in at least one mutual fund. “The mutual fund has democratised investment....
...(And in that case, many households will have bigger problems than home affordability.)...
...and household spending....
...property foreclosures by banks....
...The figures for February marked the biggest annual percentage change since the Office for National Statistics began collecting UK rent data in 2015....
...Households’ net deposit flows into National Savings & Investments also rose sharply to £7.7bn in September, the highest since August 2020....
...Real household disposable income will not regain its pre-pandemic peak until 2025-26....
...Rental demand has risen because of households not being able to afford mortgage payments....
...That pushed up the household saving ratio to 10.1 per cent. Business investment, meanwhile, fell by 3.2 per cent, slightly less than the previous estimate from the Office for National Statistics....
...mortgages....
...We can’t afford a holiday this year, despite having a joint household income of £165,000.”...
...“Forecasters agree that growth will strengthen over the next few years, wages are rising faster than prices, mortgage rates are down and unemployment remains low,” he added....
...What should I do with my mortgage? Economic cycle: Are Jeremy Hunt’s plans really a ‘Budget for growth’?...
...“Prices are still high, the tax burden is the highest it has been in 70 years and mortgage payments are going up,” she said....
International Edition