Tag: mortgage
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Mortgage arrears jump as homeowners and landlords feel pressure from rate hikes
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The number of mortgages in arrears has jumped as cost-of-living pressures and higher rates on home loans bite, according to a trade association representing lenders. Some landlords…
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Decade-low mortgage growth forecast amid high costs
[ad_1] Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email UK mortgage lending is expected to record decade-low growth in 2023 and 2024, an economic forecaster is predicting. Overall, mortgage loans in 2023 are expected to rise just 1.5% net and 2%…
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Mortgage stress test makes homes unaffordable for more Canadians
[ad_1] Breadcrumb Trail Links News Many mortgage applicants are now being stress tested at 8.3% or higher Published Oct 20, 2023 • 4 minute read Home affordability declined in all of the 10 cities studied in the analysis which was based on monthly real estate data between August and September from the Canadian Real Estate…
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Building societies top Which? mortgage provider consumer satisfaction survey
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Building societies have topped a consumer satisfaction survey from Which? about mortgage providers. Which? commissioned a survey of nearly 3,500 mortgage holders in July, resulting in providers…
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Interest rates, inflation: Australian mortgage repayments break record RBA reveals
[ad_1] Households are spending a greater share of their income on mortgage repayments than ever before and borrowers can expect this figure to climb even higher, the Reserve Bank has warned. Speaking at a business conference in Sydney on Wednesday, RBA assistant governor Chris Kent, who heads the bank’s financial markets division, said on average,…
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Average standard variable rate mortgage hit record 8.18% in October – Moneyfacts
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Homeowners who are rolling off their initial mortgage deal are being warned that the average revert rate has hit its highest level in at least 16 years.…
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Surging bond yields add to Canadian homeowners’ mortgage pain
[ad_1] The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise rise in global bond yields, which will further squeeze already tight household budgets. In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. This means many Canadians who locked…
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Bond meltdown raises mortgage rates
[ad_1] Breadcrumb Trail Links News Mortgage fixed-rates are rising as the bond rout threatens havoc around the world Published Oct 05, 2023 • 4 minute read The speed of the global bond meltdown has unnerved markets. Photo by FERDI AWEDFERDI AWED/AFP/Getty Images Article content Article content The selloff in government bonds in recent days is…
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Average five-year fixed mortgage rate is edging back down towards 6% mark
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The average five-year fixed-rate homeowner mortgage is edging closer to falling back below the 6% mark, according to figures from a financial information website. Across all deposit…
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What the Self-Employed Need to Know When Applying for a Mortgage
[ad_1] Buying a home or owning a property can often feel like a pipeline dream for those that are self-employed, or working as a freelancer. Typically, any lender will carefully evaluate the financial criteria of any mortgage applicant. What many lenders are hoping to see is someone with a steady, full-time job, and a bulky…
