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...BCG’s total revenues climbed just 5 per cent in 2023 to $12.3bn, the firm’s weakest growth in at least seven years....
...Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low. Yet, median home prices hit a record high of $389,800....
...And, in the meantime, relief just means less pain: A large majority (85%) of mortgage debt is fixed-rate, typically for two or five years....
...“The market demand just isn’t there yet.”...
...The average asking price of properties coming to the market rose to £372,324 in the four weeks to mid-April, up slightly more than 1 per cent on the previous month and just £570 short of the level in May...
...If you’re long mortgage securities, you want a steep curve. It was the massive curve inversion that blew out Annaly, AGNC and other levered mortgage Reits. Annaly and AGNC are just MTBA levered 7x....
...Ed Hurton has just secured a new mortgage on his house in Finsbury Park, north London, and he’s not thrilled with it. “It was the least bad option,” he says....
...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....
...complex regulations have cut their appeal and widened the discounts at which they trade.The average discount between an investment trust’s share price and its net asset value hit 16.9 per cent last October, just...
...Scottish Mortgage’s value surged during a pandemic-era tech stock rally, with shares rising 76 per cent between March and September 2020....
...Appetite for retirement interest-only (Rios) mortgages also plummeted, with just 255 sold in the fourth quarter for a total value of £26mn — a 43.3 drop compared with the same period last year....
...“The main driver is the fact that affordability just was much more stretched in London,” he added....
...Would they just recommend the lenders that they get the most commission from? Claer Barrett OK, so downsize the mortgage brokers....
...Hunterbrook accused UWS, a mortgage lender, of cultivating loyal mortgage brokers while telling customers they were independent....
...The drop just before the long Easter holiday weekend did not seem like a coincidence....
...The global financial crisis of 2008 was the result of unprecedented dysfunction and perversion of the mortgage securities market....
...Although mortgage rates are expected to remain elevated through 2024, Goldman Sachs said in a research note on Monday that it expected them to fall just below 7 per cent by the end of next year....
...A recent Opinium poll found 34 per cent of voters thought Labour would do a better job managing “housing/house prices”, versus just 16 per cent favouring the Tories....
...I’d be mortgage free, if I owned just one home. And my costs of living would be drastically reduced, too. But where’s the fun in that?...
...Quarterly revenues dropped to £4.2bn, just below market expectations of £4.3bn....
Smol bean bag
...Consultancy Capital Economics forecasts house prices will probably fall 1.5 per cent in 2024, and that mortgage rates will sit just below 5 per cent for most of the year....
...Revenues fell year on year to £3.5bn, just above market expectations....
...Blackstone Mortgage Trust provides loans to commercial real estate companies in North America, Europe and Australia. Its market capitalisation is just under $4bn....
...“I thought I should just go for it,” she says....
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