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...With the average two-year fixed-rate mortgage now 0.1 per cent cheaper than the tracker equivalent, Hopkins is part of a shrinking group....
...Perenna is one of a handful of lenders now offering borrowers the choice to fix their interest rate for decades, in a bid to disrupt the £1.6tn UK mortgage market....
...Mortgage origination volume looks set to grow again in 2024 after falling to its lowest level in nearly 30 years, according to the Mortgage Bankers Association....
...An inverted curve puts the forward rate — for mortgage bonds, use the implied 10-year rate three years from now — below the spot rate. That’s just bond maths....
...Which apparently now includes itself....
...“Many people put off moving while the economic outlook was so uncertain, but there’s a real sense now that buyers want to move on,” he added....
...“Some people who could have chosen a lifetime mortgage now can’t because they don’t have enough equity.”...
...Fink noted that public equities and bonds now accounted for 70 per cent of financing for non-financial companies in the US, the highest proportion in the world....
...Now, we had the most questions from those whose fixed-rate mortgages are coming up for renewal in the year ahead. Now if that’s you, you’re in good company....
...Thanks to Rishi Sunak’s diligent efforts, the UK beat inflation . . . . . . and Andrew Bailey is now a national hero: Still, growth remains an issue....
...in mortgage rates”....
...Still, activity slowed, prices dipped and approvals for new mortgages fell by about a quarter last year. Volumes are now expected to rise....
...Hunterbrook accused UWS, a mortgage lender, of cultivating loyal mortgage brokers while telling customers they were independent....
...But there is little reason to think a deal will be struck now, after last year’s interest faltered. The London market has its difficulties....
...Unless you have a stack of cash, a mortgage is still a sensible way to manage your finances. And when the time comes to fix that mortgage again, perhaps I’ll have to bite the bullet. But for now?...
...“New homes are now unaffordable unless the home builders can figure out another trick up their sleeve, which might be cutting prices further, which will mean their gross margins are impacted,” Rahmani said...
...Mortgage rates have declined since the summer, with the average two-year fixed rate now at 5.81 per cent, down from 6.86 per cent, according to Moneyfacts....
...The 30-year fixed-rate mortgage fell to 7.07 per cent during the week ending December 8, from 7.17 per cent the previous week, the Mortgage Bankers Association said on Wednesday....
...The group revised its expectations for unemployment and now expects a 1.5 per cent rise in house prices this year....
...There is no doubt people get paid more interest now (and, if they have fixed-rate mortgages, do not pay much more interest than they did a few years ago)....
...For now, falling mortgage rates are encouraging buyers who couldn’t afford a move for most of last year, or didn’t feel it was worth it....
...“A lot of people last year took variable trackers in the hope that fixed rates will start to come down and now they have,” Anderson said....
...“We’re now seeing the brakes being put on some property deals as the brokers want to wait a few weeks to get a better mortgage rate,” he says....
...Homeowners who have locked in on low mortgage rates are reluctant to sell, limiting the supply of houses for sale....
...The message from specialist lenders, analysts and mortgage brokers was “nothing to see, move along now”. But by the autumn of 2023, the woes of Generation Rent had become a hot topic for the UK media....
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