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...After declining from 23-year highs in October, the slide in mortgage rates has stalled....
...Homeowners, holding cheap legacy mortgages, become unwilling to sell their homes....
...US mortgage rates have risen back above 7 per cent as robust economic data reduces the chances of the Federal Reserve cutting interest rates soon....
...Would-be homebuyers who have been dreaming of Federal Reserve rate cuts might need to dial down their hopes....
...The Federal Reserve is expected to cut rates, probably beginning in June. The average rate for a 30-year, fixed home mortgage was around 6.63 per cent last week, according to Freddie Mac....
...US mortgage rates have fallen to their lowest level since July, in a sign that the economy is cooling as Federal Reserve officials prepare for their latest interest rate decision on Wednesday....
...US mortgage rates have fallen to their lowest level since August, as the world’s largest economy continued to show signs of cooling with markets forecasting the end of the Federal Reserve’s interest rate...
...Federal Reserve officials have indicated they still expect to cut interest rates by three-quarters of a percentage point this year, sending US equity markets to record highs....
...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...
...largest state-owned lender Sberbank recorded the highest profit in its history last year thanks to a surge in lending, underlining the recovery of the country’s financial sector from the first wave of western...
...But if you cannot afford the mortgage on a new home and are still living with your parents or in an overcrowded rental with your peers, the macro-numbers come as little consolation....
...This means that we’ve all got the best of both worlds now, so you can, up to six months out of your deal maturing, you can lock in, reserve a deal....
...Another is that a high proportion of mortgages are at fixed rates: there has been a particularly big increase in the share in the UK....
...Other mechanisms could include an interest rate increase that hits people with variable-rate mortgages living hand-to-mouth, damping spending....
...BNP was not the only eurozone lender to offer Swiss franc mortgages....
...He projected room in the near term for one more cut to the one-year LPR and the banking sector reserve ratio requirement, which policymakers have reduced by 1 per cent since the beginning of 2023....
...Most Fed officials support reducing the central bank’s mortgage-backed securities holdings to zero, to avoid distorting the mortgage market....
...The average 30-year fixed mortgage rate fell 0.25 percentage points to 7.61 per cent, according to the Mortgage Bankers Association, for a second consecutive weekly decrease....
...Mortgage rates for people coming off fixed deals are already falling, they added....
...The cost of homes soared in many countries during the pandemic, but high mortgage rates have led to a significant slowdown in house price growth in a number of countries....
...Western pharma companies are on the hunt for alternative suppliers following a US crackdown on Chinese ingredient producers....
...Federal Reserve officials unleashed their optimism on Wednesday, unveiling projections for faster than expected US economic growth this year while still leaving room to cut interest rates three times....
...That was up 5 per cent from the same period a year earlier, and approaching the record $1.25mn median sales price reached in the second quarter of 2022 — just as the Federal Reserve was beginning to raise...
...Shortly before Jay Powell, Federal Reserve chair, announced that the central bank was keeping benchmark rates at 5.25 per cent to 5.5 per cent, Colin Simpson, Manulife’s chief financial officer, revealed...
...Federal Reserve officials were wary of cutting interest rates too quickly this year, according to a record of their last meeting in January, as they remained “highly attentive” to the risk of resurgent inflation...
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