Mortgage Industry News
A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
US couples ask wedding guests for help with mortgage downpayments
Cash funds replace traditional gifts such as salt shakers and towels as property prices rise As they prepared for their wedding this year, New Yorkers Alexa Feneque and Silvio Tellez kept their list of desired gifts brief. Forgoing the usual hand…
One in five homeowners face being locked out of cheaper mortgage rates
Soaring interest rates mean hundreds of thousands of homeowners face a remortgage crisis next year as deals become unaffordable even for wealthy borrowers, new research suggests. The Bank of England this week raised interest rates for the seventh…
The pandemic's real estate jobs boom is turning into a bust as layoffs hit
WASHINGTON — As housing sales slow amid higher interest rates, thousands of workers who found jobs in the booming housing market of the pandemic are now facing widespread layoffs with steeper cuts expected ahead. Some of the biggest players…
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Interest rates on mortgages increase
Published: Sep. 23, 2022 at 10:17 PM CDT|Updated: 2 hours ago BAY COUNTY, Fla. (WJHG/WECP) -Interest rates are going up. So if you are in the market to buy a home what you can afford now might be different. “As interest rates go up their…
2023: NGO warns Nigerians against mortgaging future
A Non-Governmental Organization, under the auspices of LEGASI, has warned Nigerians not to allow politicians to mortgage their future with just a mudu of rice, sachet of salt, maggi, or N500. The Founder of the organization Mrs Kaltumi Abdul'azeez…
Pepper adds to mortgage market woes
Pepper Finance, the mortgage service provider, is imposing a 1.25 percentage point increase on thousands of standard variable rate (SVR) mortgage holders from t…
The CIO of investment firm says the housing market is stable
Sean Bill believes the real estate market will remain strong due to tight supply. The American homeowner is also in a strong position due to low debt and 30-year fixed mortgages. He says high interest rates will keep homeowners from selling their…
Recession Watch: 'Very Concerning' Sign Of Serious Economic Slowdown Emerges As Stock Market Collapses
A growing rash of economists are warning the odds of a recession have increased amid a historic inversion of the yield curve—a telltale sign of a looming economic slowdown after the Federal Reserve on Wednesday raised rates to the highest…
Today's mortgage and refinance rates: September 24, 2022 | Rates increase dramatically following Fed hike
Insider's experts choose the best products and services to help make smart decisions with your money (here's how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this…
Why the stamp duty cut won't stop a catastrophic house price crash
Chancellor Kwasi Kwarteng's stamp duty changes will be heartily welcomed by struggling first-time buyers and would-be movers, desperate for some help in the face of soaring interest rates. Kwarteng doubled the nil-rate stamp duty band to…
David Lazarus and Lupin on markets, mortgage rates and Super Bowl music
Consumer reporter David Lazarus and feline assistant Lupin break down the latest market movements, mortgage rates and who is taking over the NFL Super Bowl Halftime show. This segment aired on KTLA 5 Weekend Morning News on Sept. 24, 2022.
The Fed says unemployment will rise. Here's who economists say would lose their jobs first.
The Federal Reserve escalated its fight against inflation this week, instituting a major rate increase and saying more will likely follow. The moves will cause a jump in the number of unemployed Americans by the end of next year, the central bank…
Keir Starmer unveils green growth plan to counter Liz Truss's tax cuts
Keir Starmer will pledge to deliver a new era of economic growth and permanently lower energy bills by turning the UK into an independent green “superpower” before 2030, through a massive expansion of wind and solar energy. Announcing…
Mortgage Rates Are the Highest Since 2008: 3 Companies to Avoid
Mortgage rates are moving higher. According to Freddie Mac, 30-year mortgage rates surpassed 6% for the first time since 2008 and are moving directly due to the Federal Reserve's fight against inflation. Since March, the federal funds rate, or the…
Mortgage borrowers warned 'take action now' as Bank of England raises interest rate again
The Bank of England has been progressively raising its base interest rate since the start of the year in an effort to curb rocketing inflation. Interest rates are increased to discourage spending and reward saving, however, with higher rates can…
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