Mortgage Industry News
A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Mortgage rates are sinking, but don't try to time the housing market
Borrowing costs have tumbled, but prospective homebuyers shouldn't see how low they will go. 'Timing the market is never good,' Bank of America's Matt Vernon told Business Insider. Homebuyers should enter the market when they're ready, he said.
Here's how you can get a 3% interest rate on your mortgage
Homeowners with certain loans can sell their low-interest-rate mortgages to qualified buyers. The transaction is called an assumable mortgage, which has grown in popularity as rates have risen. Assumable mortgages are hard to find, take long to…
Mortgage Interest Rates Today, December 10, 2023 | Rates At Lowest Point Since Late July
Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners ; however, our opinions are our own. Mortgage rates are way down, and…
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Mortgage customers left in dark on tax implications of goodwill payment
I have had an Ulster Bank offset mortgage (with an inbuilt tracker rate of ECB+1.15 per cent) since 2007. As you are probably aware, Ulster Bank is ending the offset facility on this in 2024, and are making a payment in lieu of future offsetting to…
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Firefighter and Veteran with Stage 4 Cancer Gets Mortgage Paid Off by Nonprofit: 'So Humbling,' Wife Says
One night in May, after he had returned to the firehouse after battling a blaze, Emily Broderick got a text from husband, Mike Broderick, complaining of stomach pain. ”It was actually the night before my birthday,” Emily, 46, tells…
'I'm a mortgage expert - this is what the latest interest rates forecast means for you'
Mortgage expert shares latest interest rate forecast and what it means for you Rampant UK inflation rates have wreaked havoc in the mortgage market over the past year, with some homeowners reporting payment increases of up to 501 percent. With…
'Incredible distortions in our marketplace': 45% of US real estate agents say they're struggling to pay rent - another bad omen for the housing market. But 2024 could be better
Homeowners are staying put while new buyers are grappling with persistently high housing costs this year. Inventory is tight and home sales have hit multi-decade lows. But if you need yet another sign of turmoil, just ask the people whose…
What To Look For In November's CPI Inflation Release
Copyright 2023 The Associated Press. All rights reserved. Consumer Price Index data for November 2023 will be released on Tuesday, December 12 at 8.30am E.T. Markets expect inflation will cool, with headline inflation moving lower as energy prices…
The Tories may delay an election as they hold out for a 'feelgood factor'
“We've halved inflation,” say ministers, when trying to put a gloss on the bleak outlook for the Tories. What state would Rishi Sunak's government be in if this cost of living crisis, far from easing, started getting worse again, with…
The simple mistakes stopping you from buying your first home
Mortgage broker offers advice to first-home buyers Bad spending habits can sink a home-loan application READ MORE: How Aussie bloke built up a property empire worth $5.2million Late-night cash withdrawals, gambling or silly jokes in bank transfer…
Alan Kohler reveals why housing really is so unaffordable in Australia
Alan Kohler blames immigration, tax policies for house prices Former Liberal prime minister John Howard's policies blamed Kohler says homes should be affordable like they were in 1980s READ MORE: Labor unveils massive immigration crackdown The…
ACLU Latest Client Will Make Liberals Heads Spin
No matter how they framed it, the American Civil Liberties Union will catch a lot of flak with the announcement of their new client: the National Rifle Association. It's made me do a double-take. The ACLU has been one of the NRA's chief rivals, but…
One Stock That Will Snag You Over $1,000 in Dividends per Year -- Just Invest This Amount | The Motley Fool
Are you looking for above-average investment income, but don't have a ton of idle cash to work with? It's a tall order to be sure. See, investing is ultimately about trade-offs. Reliable dividend-paying stocks generally don't sport sky-high yields…
Interest rates 'almost certain' to be held steady by Bank of England
The Bank of England is expected to hold interest rates at its next meeting (Jordan Pettitt/PA) Interest rates will “almost certainly” be held steady for a third time in a row by the Bank of England, economists have predicted. The…
Cost of living crisis: 'People up at night worrying' as retirement savings dry up
The Retirement Commissioner is joining budget advisors in raising alarm over a steep rise in people withdrawing their savings from KiwiSaver as they struggle with rising prices and paying the mortgage. Inland Revenue's latest figures show more…
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