News Muncher - category mortgage

2 days, 4 hours ago

We ditched our daily grind in the UK to live Spain - our mortgage is half the price for a much bigger house and private school is so affordable

Like many families across the UK, mother-of-three Lisa Arterton was fed up with feeling the effects of the cost-of-living crisis. Therapist Lisa, husband Edward, 42, a fitness and nutrition coach and children Lucia, 9, Hugo, three-and-a-half and 15-year-old Ellie, Lisa’s daughter from a previous relationship, moved to Costa Blanca in Spain last year in October 2023. The family moved to …

Family England Spain Life Moving Mortgage House

4 days, 6 hours ago

Interest rates held at 4.75%: What it means for your mortgage and savings

Daily Mail

The Bank of England has opted to hold the base rate at its current level, meaning interest rates will finish the year at 4.75 per cent. Today's decision to hold the base rate at 4.75 per cent may seem like bad news for mortgage borrowers, many of whom will be desperate for their monthly costs to fall. Tracker rates follow …

Savings Bank Interest Rates Interest Harris Cent Rates

4 days, 22 hours ago

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more

Associated Press

NEW YORK — The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. “Because the upcoming Trump administration’s policies might cause a resurgence in inflation or otherwise throw the economy off balance, the Fed might choose to take a wait-and-see approach …

Inflation Trump Debt Mortgage Month Average Fed

5 days, 11 hours ago

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

The Hindu

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The central bank’s policymakers may signal that they expect to reduce their key rate just two …

Inflation Trump Fed Cut Federal Reserve Key Rate

5 days, 18 hours ago

Variable mortgage rates expected to drop further, homeowners set to benefit

NL Times

The average variable mortgage rate is expected to decrease by another 0.2 to 0.25 percentage points over the next six weeks, according to Oscar Noorlag, a financial expert with advisory firm Van Bruggen Adviesgroep. “Variable mortgage rates are more responsive to ECB rate cuts compared to fixed rates,” Noorlag noted. “This decline in fixed rates is much smaller than the …

Mortgage Percentage Point Mortgage Rates Fixed Rates Ecb Variable

1 week ago

The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000

CNN

CNN — Two years ago, Elizabeth Grantham decided she didn’t want to rent much longer, so she moved from her hometown in the pricey San Francisco Bay Area to Washington state to save up to buy a home. “In this economy it’s literally impossible.” Those who want to buy their first homes have faced the one-two punch of rising home …

Wealth Homeowners Mortgage Interest Rates Rates Rent Home Prices

1 week, 3 days ago

Dutch home prices will climb 7.5% to average €520,000 next year: DNB

NL Times

Dutch home prices will continue to rise next year and the year after. On average, around 520,000 euros will be needed for a new home next year, De Nederlandsche Bank predicted. In addition, a well-functioning rental market is needed that could “function as a valve for the housing market.” DNB did note that first-time buyers are unlikely to see their …

Prices Home Prices Dnb

1 week, 4 days ago

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

Associated Press

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, welcome relief for prospective homebuyers during what’s typically a less competitive time of the year for the housing market. The rate dropped to 6.6% from 6.69% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage is …

Mortgage Average Rate Mortgage Rates

S. 58(c) TPA | Mere Possession Of Property By Mortgagor Wouldn't Make 'Mortgage By Conditional Sale' A 'Simple Mortgage' : Supreme Court

Live Law

The Supreme Court observed that allowing a mortgagor to stay in possession does not make the transaction a 'simple mortgage' if the deed specifies that the mortgagor's default in redeeming the property within the stipulated time would lead to transfer of the mortgage property to the mortgagee under 'mortgage by conditional sale' as per Section 58 of the Transfer of …

Supreme Court Property Court Sale Suit Possession Defendant

S. 58(c) TPA | Mere Possession Of Property By Mortgagor Wouldn't Make 'Mortgage By Conditional Sale' A 'Simple Mortgage' : Supreme Court

Live Law

The Supreme Court observed that allowing a mortgagor to stay in possession does not make the transaction a 'simple mortgage' if the deed specifies that the mortgagor's default in redeeming the property within the stipulated time would lead to transfer of the mortgage property to the mortgagee under 'mortgage by conditional sale' as per Section 58 of the Transfer of …

Supreme Court Property Court Sale Suit Possession Defendant

2 weeks ago

Jump in average fixed mortgage rates recorded in December, says Moneyfacts

The Independent

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Mortgage Average Start Rate Rates Mortgage Rates Lenders

2 weeks, 1 day ago

Why Rayner’s bricks and mortar is more important than Reeves’s economic growth in building for victory

The Independent

Keir Starmer’s speech last week was a difficult and confusing listen for those who switched on, with his different lists of six milestones, five missions, six first steps, seven pillars of economic stability and, not to forget, the three foundations. This is partly a result of the catastrophic US election failure of the Democrats, who were hammered by Donald Trump …

Homes Growth Labour Economic Growth Economic Cent Keir Starmer

2 weeks, 1 day ago

Average rate on a 30-year mortgage in the U.S. falls

LA Times

The average rate on a 30-year mortgage in the U.S. eased again last week, slipping to its lowest level since late October. Mortgage rates have been mostly rising in recent weeks since sliding to a two-year low of 6.08% in late September after the Federal Reserve cut its benchmark interest rate from a two-decade high for the first time in …

Mortgage Average Rate Rates Mortgage Rates Home Prices

2 weeks, 3 days ago

Average UK house price reached new record high of £298,083 in November – Halifax

The Independent

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “This should …

Northern Ireland England Growth Property Prices Mortgage Price

2 weeks, 3 days ago

Mortgage interest rates to continue steady downward trend, mortgage advisor says

NL Times

The interest on a 10-year mortgage with National Mortgage Guarantee has dropped a full percentage point since it peaked in October 2023, De Hypotheker reported. The mortgage advisor expects the slow, but steady decline in mortgage interest rates to continue. Currently, the average mortgage interest rate for loans with a 10-year term and National Mortgage Guarantee is 3.55 percent - …

Mortgage Interest Rates Interest Rate Rates Mortgage Interest Rates De Hypotheker

2 weeks, 4 days ago

Average rate on a 30-year mortgage in the US falls to 6.69%

Associated Press

The average rate on a 30-year mortgage in the U.S. eased again this week, slipping to its lowest level since late October. Mortgage rates have been mostly rising in recent weeks since sliding to a two-year low of 6.08% in late September after the Federal Reserve cut its benchmark interest rate from a two-decade high for the first time in …

Average Rates Mortgage Rates Home Prices Mortgage Rate

2 weeks, 4 days ago

A major bank just cut its mortgage rates by up to 0.39%: Will they fall further?

Daily Mail

A major high street bank has announced it will cut mortgage rates by up to 0.39 percentage points. At present, the lowest five-year fix on offer via a major lender is a 4.14 per cent rate with Nationwide Building Society. Speaking to the Global Boardroom conference with the Financial Times, Andrew Bailey confirmed the Bank of England's central forecast of …

Bank Mortgage Interest Rates Cent Mortgage Rates Natwest Managing Director

2 weeks, 4 days ago

Why Trump and the Federal Reserve could clash in the coming years

Associated Press

WASHINGTON — President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households. And even if Powell reduces the Fed’s benchmark rate, Trump’s own policies could keep other borrowing costs — like mortgage rates — elevated. The Fed would likely respond by slowing or stopping its rate cuts, …

Inflation Trump Economic Growth Interest Rates Treasury Central Fed

2 weeks, 4 days ago

New mortgage to help first-time buyers borrow thousands more

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A building society is increasing the maximum amount that first-time …

Mortgage Buyers Deposit Stamp Duty Borrow

2 weeks, 5 days ago

Gantry Expands Southern California Team and Loan Volume with Westcap Integration

LA Times

Gantry, Inc., a national full-service commercial mortgage banking firm, announced in a press release that it has strengthened its Southern California presence by strategically merging the operations of Westcap into its growing platform. Westcap, established in 1981, has been a trusted mortgage banking presence in Southern California serving clients throughout the Western states from offices in Irvine and Los Angeles. …

Southern California Gantry Westcap

2 weeks, 6 days ago

Trump privatization plan will add thousands a year to typical mortgage: expert

Raw Story

A proposed deregulation of the home loan market that Donald Trump is widely expected to pursue could have massive consequences for new homebuyers — particularly those with low incomes, reported CNN on Monday. Specifically, Trump is likely to try to privatize Fannie Mae and Freddie Mac, the mortgage-backing giants that the federal government took a stake in following the 2008 …

Trump Freddie Fannie Mortgage Market

3 weeks ago

Trump may renew a housing fight that could rattle mortgage rates

CNN

CNN — During his second term, President-elect Donald Trump is widely expected to privatize Fannie Mae and Freddie Mac, the mortgage giants that guarantee 70% of America’s mortgages. The government’s stake in the two mortgage giants could be valued at billions of dollars, meaning a spinoff would potentially net a big payday for the government and private investors in the …

Housing Market Trump Companies Administration Investors Rates

3 weeks ago

New Dutch mortgages hit record-high €506,000 average in November

NL Times

The average mortgage value for buying a home in November was almost 506,000 euros - the highest level ever, the mortgage data network HDN reported on Monday. HDN called it striking that, while the prices for existing owner-occupied homes are skyrocketing, prices for newly built homes are remaining quite stable. In November 2020, 15 percent of mortgage applications for newly …

Mortgage Mortgage Applications Hdn Newly Built Homes

3 weeks, 2 days ago

Invest in banking like Warren Buffett: Own a ‘castle’

Live Mint

Warren Buffett has said he looks for businesses that are like castles, protected by moats. Fair Isaac doesn’t supply credit data itself, but by employing data from credit bureaus or its clients, it produces scoring and analysis that its clients use to make underwriting and other decisions about customers. Fair Isaac’s shares have been among the top performers in the …

Information Mortgage Score Fair Invest Fico Isaac

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Articles for Mortgage

We ditched our daily grind in the UK to live Spain - our mortgage is half the price for a much bigger house and private school is so affordable

Interest rates held at 4.75%: What it means for your mortgage and savings

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

Variable mortgage rates expected to drop further, homeowners set to benefit

The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000

Dutch home prices will climb 7.5% to average €520,000 next year: DNB

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

S. 58(c) TPA | Mere Possession Of Property By Mortgagor Wouldn't Make 'Mortgage By Conditional Sale' A 'Simple Mortgage' : Supreme Court

S. 58(c) TPA | Mere Possession Of Property By Mortgagor Wouldn't Make 'Mortgage By Conditional Sale' A 'Simple Mortgage' : Supreme Court

Jump in average fixed mortgage rates recorded in December, says Moneyfacts

Why Rayner’s bricks and mortar is more important than Reeves’s economic growth in building for victory

Average rate on a 30-year mortgage in the U.S. falls

Average UK house price reached new record high of £298,083 in November – Halifax

Mortgage interest rates to continue steady downward trend, mortgage advisor says

Average rate on a 30-year mortgage in the US falls to 6.69%

A major bank just cut its mortgage rates by up to 0.39%: Will they fall further?

Why Trump and the Federal Reserve could clash in the coming years

New mortgage to help first-time buyers borrow thousands more

Gantry Expands Southern California Team and Loan Volume with Westcap Integration

Trump privatization plan will add thousands a year to typical mortgage: expert

Trump may renew a housing fight that could rattle mortgage rates

New Dutch mortgages hit record-high €506,000 average in November

Invest in banking like Warren Buffett: Own a ‘castle’