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...The mortgage, launched this week by Accord, an arm of Yorkshire Building Society, is pitched at those looking to buy a first home but struggling to save a deposit....
...Pimco has proposed its first mutual fund-to-ETF conversion, according to a regulatory filing....
...The index for mortgage demand for house purchases rose to 35.9 in the first three months of 2024, from minus 31.6 in the previous three months and from minus 54.9 in the third quarter of 2023, according...
...But the structure of the mortgage market has been blamed for making it more difficult for first-time buyers to get on the housing ladder at all....
...Just 6 per cent of new mortgages taken out in the first three months of the year were trackers, according to John Charcol; nine in 10 were fixed; in all, half were two-year fixes....
...UK lenders reported a return to growth in the demand for mortgages in the first three months of 2024, according to the latest official data, providing further evidence of the property market stabilising....
...The average asking prices for properties of up to two bedrooms, which Rightmove classifies as being for first-time buyers, was almost flat month on month at 0.3 per cent....
...Nevertheless, the figure remains well below a peak of 3.64 per cent in the first quarter of 2009, during the global financial crisis....
...Prices rebounded in the capital in the first three months of 2024, rising at an annual rate of 1.6 per cent, up from a contraction of 2.3 per cent in the final quarter of 2023....
...“The site also ignores numerous, logical questions that would need to be answered before a savvy borrower should give them the time of day,” he said. “Very suspicious at first glance.”...
...After declining from 23-year highs in October, the slide in mortgage rates has stalled....
...The first signs of borrowers responding are likely to show up in mortgage approvals....
...Friday interview: Harley Bassman Almost all of what fixed-income options traders do on Wall Street today, Harley Bassman did first....
...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...
...UK house prices rose more than expected in February, posting their first annual increase in more than a year according to lender Nationwide, adding to evidence of a market recovery as mortgage rates eased...
...Nevertheless, the share of mortgages in arrears remains well below a peak of 3.64 per cent in the first quarter of 2009 during the global financial crisis....
...UK average mortgage rates fell for the first time in over two years, according to data from the Bank of England, suggesting that the burden on homeowners is easing as lower borrowing costs filter through...
...And in the mortgage world, you can, which is important, but let’s go to you first....
...UK mortgage approvals rose to a six-month high as the average rate fell for the first time since November 2021, adding to signs of stabilisation in the property market....
...Its gain-on-sale margin — which measures how much is earned when mortgages are sold — came in at 2.6 per cent in the first nine months of 2023, compared with 4.5 per cent in 2020....
...Lloyds’ total lending fell £1.2bn to £448.5bn in the first quarter, with its mortgage balance shrinking by £1.6bn. The group however flagged a rise in mortgage applications in the first quarter....
...The scheme would only require home buyers to put down a 1 per cent deposit on their first home, with the government acting as a loan backer....
...US mortgage rates have fallen below 7 per cent for the first time in four months, a sign of relief for the housing market as the Federal Reserve shifts its monetary policy path towards interest rate cuts...
...“Buyer demand has grown as mortgage rates have begun to normalise, with good levels of growth seen in recent weeks as the first mortgage products are released with rates below 4 per cent since the September...
...Mortgage lender Halifax, which compiled the data, said the fall in the average house price to £288,430 showed that rising borrowing costs “continue to be a challenge” to buyers....
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