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...The growing demand for mortgages that usually characterises the spring home buying season could delay approvals....
...The average rate for a 30-year, fixed home mortgage was around 6.63 per cent last week, according to Freddie Mac....
...Homeowners who have locked in on low mortgage rates are reluctant to sell, limiting the supply of houses for sale....
...And the National Association of Home Builders reported today that homebuilder confidence made a surprise rebound this month....
...Including mortgage payments, mortgage insurance and property taxes, he pays $3,500 per month more today than what he spent on rent at the family’s last home....
...She’s actually got two mortgages on her property. She’s a first-time buyer who’s then bought a bigger home....
...Given regional differences in house prices and the rise of remote work, young people today might be smart to take a job with a working-from-home future, then move to a cheap region when possible....
...A Barclays note published today lays out a looming “positive impulse to consumption” as flexible mortgage holders (a minority of a minority) and people on shorter fixed-term mortgage (a minority of a majority...
...Today, she has a mortgage rate of 4.43 per cent, fixed for two years, which she hopes she may be able to cut further by finding a new deal before she completes her sale....
...Whitney worries that there will be a mismatch between the older communities where homes will come on to the market and the places where today’s first-time buyers want to live....
...KB Home: The homebuilder will report its latest quarterly results, which are expected to show a drop in revenue and profits compared to a year ago, as high mortgage rates have strained the US housing market...
...Or simply push my finances to the limit, living the way I want to live today, rather than in the future. I’d be mortgage free, if I owned just one home....
...Homeowners, holding cheap legacy mortgages, become unwilling to sell their homes....
...“We have seen demand for new homes start to dry up.”...
...Hunterbrook accused UWS, a mortgage lender, of cultivating loyal mortgage brokers while telling customers they were independent....
...The impact of green mortgages is currently underwhelming. The market has grown from four products in 2019 to 60 today from 38 different lenders, according to the Green Finance Institute....
...“We’re only half way through the transition of today’s mortgages moving on to higher rates,” said Richard Donnell, executive director at Zoopla....
...A record number of home sales in New York last quarter were cash purchases as high mortgage rates deter all but the richest buyers....
...The millennials vs boomers discourse usually centres on the fact that, despite earning more than their parents’ generation, today’s young adults have been unable to translate that into home ownership and...
...And today, the National Transportation Safety Board chair wrote a letter to two senators about investigators’ challenges determining what exactly happened when Boeing worked on the “door plug” that blew...
...rates weaken demand for new homes....
...Separately, US homebuilder confidence is expected to remain flat with a reading of 40 in November, as high mortgage rates slow demand for new homes....
...Home Depot: The home improvement store chain kicks off several days of quarterly earnings for US big-box retailers....
...Meanwhile, a recent rise in UK home sales and a fall in mortgage rates have created a slightly more hospitable market for buyers....
...At the end of 2023, about 70 per cent of mortgage holders had rates more than 3 percentage points below the market rate....
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