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...Karen Noye, mortgage expert at wealth management company Quilter, said: “The large increase in mortgage rates seen over the last couple of years is really starting to bite for some borrowers and this is...
...Its price to book value of nearly 3 times trumps that for mortgage-heavy Wall Street banks like JPMorgan, Bank of America and Wells Fargo. But Rocket doesn’t have appreciably higher return on equity....
...The number of new mortgages taken out by older borrowers — aged over 55 — fell by 37 per cent year-on-year in October, November and December last year, according to data from trade body UK Finance....
...The problem from the perspective of a markets and finance blog is that mortgage-market dynamics hinge on quantifiable and measurable metrics, whereas the UK rental market is more like a prisoner’s dilemma...
...Please email money@ft.com and we will keep your message in confidence....
...Net mortgage approvals for house purchases rose from 51,500 in December to 55,200 in January — the highest in 15 months and above the 52,000 forecast by economists polled by Reuters....
...Even the inventory of new homes dipped a bit in 2023, as high mortgage rates put a damper on Americans’ desire to finance anything....
...I can’t flaunt it on my wrist or ring finger, but I can thankfully afford to pay my mortgage and my tax bill....
...Stephen Perkins, managing director at Norwich-based broker Yellow Brick Mortgages, said: “The start of 2024 was exceptionally strong as the mortgage rate war reigned supreme and demand went through the roof...
...Tomer Aboody, director of property lender MT Finance, said high inflation and interest rates had weighed on the property market last year, but “better sentiment is expected with encouraging prospects for...
...House prices rose at the end of last year, according to the mortgage providers Halifax and Nationwide....
...Sberbank’s net interest income climbed almost 40 per cent in 2023, driven by growth in its mortgage and corporate loan portfolios, which increased by around 35 and 25 per cent respectively....
...HSBC has become the latest lender to raise its residential mortgage rates following similar moves by Santander, NatWest and Nationwide in recent weeks....
...UK Finance, the industry body, has estimated that about 1.6mn fixed-rate deals will end over the course of 2024....
...Although critics questioned how Freeman could be struggling to afford a £2,000 mortgage on a salary of nearly £120,000, the Tory MP told The New Statesman on Monday that his finances were “not what they...
...“The Prudential Regulation Authority could have concerns about banks’ exposure to 99 per cent loan-to-value mortgages, even if partially underwritten by government, and could look for additional capital...
...Two and five swap rates used to price mortgages have fallen sharply in recent months and are down almost 150 basis points since the summer....
...Harps Garcha, director at Slough-based broker Brooklyns Financial, said: “Lower mortgage rates, falling inflation and the prospect of a cut to the base rate sooner rather than later, are driving demand and...
...Big lenders Barclays and Santander announced fresh mortgage rates cuts this week, adding to cuts by HSBC and Halifax last week....
...“We’ll need to be more prudent with our finances and tighten the purse strings a little. But before, it would have just been too tight,” he says....
...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?...
...There are mortgage brokers and there are mortgage brokers. A good one will find you the cheapest deal on the market; a great one will help you strategise for the long term....
...After house price expectations remained in negative territory throughout 2023, Thursday’s report suggests that improvements in the latest data on house prices and mortgage approvals will continue....
...The biggest group of survey respondents work in banking and finance in the UK, but there were also detailed responses from professionals working in law, tech, energy and consulting....
...Barclays and Santander have announced cuts to their mortgage rates, adding to momentum for cheaper UK home loan deals after HSBC and Halifax reduced rates last week....
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