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Articles for Mortgages, search results for loans

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
2 weeks, 6 days ago

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

LA Times  

Though the Fed doesn’t set mortgage rates, it does influence them. “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 and hold rates steady at their January meeting.” Depending on the specific proposals the Trump administration manages to enact, the Fed …

Inflation Trump Debt Month Average Fed Rate
Santander UK cuts rates across more than 70 mortgage products
4 weeks, 1 day ago

Santander UK cuts rates across more than 70 mortgage products

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 Rates Rate Cuts Santander Fixed Cashback
Hundreds of zombies killed by Massachusetts AG — zombie loans, that is
2 months, 1 week ago

Hundreds of zombies killed by Massachusetts AG — zombie loans, that is

NPR  

Hundreds of zombies killed by Massachusetts AG — zombie loans, that is toggle caption Jessica Rinaldi/The Boston Globe via Getty Images Halloween is over, but there are still some scary zombies lurking out there. The attorney general's office says Franklin agreed to stop all efforts to collect on its entire portfolio of mortgages for people in Massachusetts — more than …

Homeowners Companies Loans Debt Mortgages Second Campbell
What are the mortgage options for borrowers in later life?
3 months ago

What are the mortgage options for borrowers in later life?

The Independent  

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Katie Brain, a banking expert at financial information business …

Brain Mortgage Mortgages Rates Borrowers Rio Older Borrowers
Buy-to-let mortgage market shrinks for the first time in almost three decades
5 months, 3 weeks ago

Buy-to-let mortgage market shrinks for the first time in almost three decades

The Telegraph  

The value of buy-to-let mortgages has shrunk for the first time in three decades as soaring borrowing costs and strict lending rules force landlords to exit the market. Data from UK Finance showed the number of outstanding mortgages to landlords has fallen for the first time since 1996, when bespoke loans for property investors were first introduced. There were a …

Uk Finance Landlords Risked Outstanding Mortgages
How 40-year mortgages put first-time buyers' futures at risk - and will cost much more
7 months, 1 week ago

How 40-year mortgages put first-time buyers' futures at risk - and will cost much more

Daily Mail  

The rise of 40-year mortgages is putting first-time buyers' retirements at risk - and could cost some £100,000 more in interest. Long-life mortgages: UK Finance's report shows how as interest rates climbed, longer mortgage terms dramatically shot up Borrowers are taking out longer loans in order to squeeze monthly payments down and fit into affordability-based lending criteria, but they can …

Mortgage Interest Rates Mortgages Interest Cost Term Cent
US faces negative equity timebomb: Percentage of mortgages considered 'seriously underwater' rises - here are the states worst affected
8 months ago

US faces negative equity timebomb: Percentage of mortgages considered 'seriously underwater' rises - here are the states worst affected

Daily Mail  

Have YOU fallen into negative equity? Please email: [email protected] American homeowners falling into negative equity rose in the first quarter of the year as soaring living costs and a volatile property market strain households. The number of mortgages considered 'seriously underwater' rose from 2.6 percent to 2.7 percent of all residential mortgages, a new report shows. In Kentucky, the percentage …

Market Equity Mortgage Underwater House Prices Negative Holders
Fed officials vote to hold interest rates steady at 23-year-high - here's what it means for YOUR wallet
8 months, 1 week ago

Fed officials vote to hold interest rates steady at 23-year-high - here's what it means for YOUR wallet

Daily Mail  

It is the sixth consecutive time the Fed has kept rates at the same level Rates are currently between 5.25 and 5.5 percent - their highest in 23 years Federal Reserve votes to hold interest rates steady at their current range The Federal Reserve has voted to hold interest rates steady at their current 23-year-high, officials announced today. The Federal …

Inflation Interest Rates Interest Credit Cards Fed Rate Rates
Banks are extending office loans. Are they also pretending?
9 months, 1 week ago

Banks are extending office loans. Are they also pretending?

Live Mint  

The looming “maturity wall" for commercial real-estate loans coming due has been moved back, but it has also gotten taller. PGIM Real Estate, part of Prudential Financial’s asset- management business, in a recent report noted that banks’ expected 2024 commercial real-estate maturities rose 35% from previous estimates. So for now, despite a sharp slowdown in new commercial mortgage deals being …

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Taxpayers to back 99pc mortgages for first-time buyers
10 months, 2 weeks ago

Taxpayers to back 99pc mortgages for first-time buyers

The Telegraph  

Banking chiefs have already warned that allowing people to put down such small deposits could prompt concerns from regulators who are in the process of revamping capital buffer rules on residential mortgages. Mike Regnier, the Santander UK chief executive, said last month that while he would be “very happy” to offer new buyers a 95pc mortgage, it would need assurances …

Mortgages Buyers 99Pc Mortgage
Bank of England hikes interest rates to 5%, stoking fears of a ‘mortgage bomb’
1 year, 6 months ago

Bank of England hikes interest rates to 5%, stoking fears of a ‘mortgage bomb’

CNN  

London CNN — The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation. “We are committed to returning inflation to the 2% target and will make the decisions necessary to achieve that.” Financial markets now expect the Bank of England’s benchmark interest rate to reach 6% around the turn …

Inflation Bank Prices Mortgage Interest Rates Interest Rates
Potential 'time bomb' for US economy looms as $1.5 trillion in real-estate mortgages will come due
1 year, 7 months ago

Potential 'time bomb' for US economy looms as $1.5 trillion in real-estate mortgages will come due

Daily Mail  

Some $1.5 trillion in real-estate mortgages will come due in the next two years - paving the way for a potential financial crisis as higher interest rates push down property values. The long answer is, 'hell yes,'' Senior Senate Banking Committee member John Kennedy said Monday of the looming commercial real estate crisis - an increasingly likely event that many …

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Mortgages race past corp loans as lenders chase home buyers
1 year, 8 months ago

Mortgages race past corp loans as lenders chase home buyers

Live Mint  

MUMBAI : Banks in India disbursed more loans to home buyers than corporate borrowers in FY23, indicating robust demand for mortgages despite the rise in interest rates. Most banks have been aggressively chasing home loan customers, resulting in incremental housing loans of ₹2.5 trillion in FY23, the highest in at least 15 years, RBI data showed. The state-owned lender reported …

Bank Loans Loan Home Buyers Home Loans Interest Rates Demand
Financial calculators: From credit cards to mortgages, savings and inflation
1 year, 10 months ago

Financial calculators: From credit cards to mortgages, savings and inflation

Daily Mail  

Sometimes the best way to get to grips with your finances is to sit down at the table with a good old fashioned calculator. We also have our famous credit card repayment shocker and the inflation calculator that shows the effect of rising prices on the cost of living since the beginning of data - in 1900. Work it out: …

Pay Mortgage Credit Cards Cost Calculator Your Finances
RBA Governor Philip Lowe apologises to Australians struggling with mortgages
2 years, 1 month ago

RBA Governor Philip Lowe apologises to Australians struggling with mortgages

ABC  

Reserve Bank Governor Philip Lowe has apologised to Australians for giving them unclear guidance that led to hundreds of thousands taking out big mortgages in the expectation that interest rates would stay low until 2024. Key points: RBA boss Philip Lowe says the bank failed to communicate with the public properly He told a Senate hearing that they did the …

Inflation Bank Interest Rates Interest Cent Rates Rba
Demand for mortgages plummets as interest rates rise
2 years, 3 months ago

Demand for mortgages plummets as interest rates rise

NL Times  

With mortgage interest rates rising rapidly, far fewer people applied for home loans in the third quarter. There was less demand for the transfer of existing mortgages in particular, but fewer home buyers also knocked on the bank’s door for a mortgage. According to the chain of mortgage advisers, the total number of applications decreased by 20 percent compared to …

Mortgage Interest Rates De Hypotheker
Adjustable rate mortgages can be cheaper but risky. Here's what you need to know
2 years, 4 months ago

Adjustable rate mortgages can be cheaper but risky. Here's what you need to know

NPR  

Adjustable rate mortgages can be cheaper but risky. Sponsor Message "Adjustable rate mortgages scare me for sure," says Wooten. A lower monthly payment is the "rescue ring" people are grasping Adjustable rate loans can be tantalizing for people in Wooten's situation, as that initial interest rate can be a full percentage point lower than a fixed rate loan. "When you …

Loans Loan Mortgage Risk Mortgages House Rate
As fixed mortgages end and rates rise, many risk losing their homes
2 years, 6 months ago

As fixed mortgages end and rates rise, many risk losing their homes

ABC  

Sarah Ibrahim is worried about what will happen when her fixed rate ends in January. As interest rates rise, almost 300,000 people who took large and risky home loans during the pandemic could fall into severe financial hardship or even default. "We're already seeing banks ramping up their action to enforce mortgage debts and repossess homes already against the background …

Homes Mortgage Interest Rates Risk Mortgages Interest Cost
'Big four' banks made huge profits as Australians took out bigger mortgages for pricier housing
2 years, 8 months ago

'Big four' banks made huge profits as Australians took out bigger mortgages for pricier housing

ABC  

Australia's big four banks — ANZ, CBA, NAB and Westpac — now hold a whopping $1.87 trillion in home loans. Throughout 2021, as Australian house prices skyrocketed, Australians kept on taking bigger mortgages — many worth more than six times their income — pushing up the profits of the big four banks. In the year to March 2022, EY says …

Business Housing Personal Loans Loans Mortgage Home Loans Interest Rates
In property-mad Australia, borrowers brace for pricier mortgages
2 years, 8 months ago

In property-mad Australia, borrowers brace for pricier mortgages

Al Jazeera  

The Reserve Bank of Australia is expected to announce multiple increases in its benchmark interest rate this year. “When we purchased, the interest rate was at the minimum, so we thought it would be a good time to purchase,” Zafar, 39, told Al Jazeera, recalling that a month before buying the property, Australia’s central bank had dropped its benchmark interest …

Australia Property Bank Mortgage Interest Rates Interest Benchmark
Mortgage interest rates are rising. If you’re looking at adjustable-rate loans, know the risks
2 years, 9 months ago

Mortgage interest rates are rising. If you’re looking at adjustable-rate loans, know the risks

LA Times  

A for-sale sign stands in front of a home in Inglewood in February. For instance, on a $500,000 loan with a 5% initial interest rate, you’ll pay $600 less per month with an interest-only mortgage. That’s why a longer initial period is less risky when interest rates are rising — you’ll have more time to wait for interest rates to …

Loans Loan Mortgage Home Buyers Interest Rates Mortgages Interest
Mortgages are complex. We break down the basics
2 years, 9 months ago

Mortgages are complex. We break down the basics

LA Times  

If you’re like the vast majority of Southern Californians, you’ll have to take out a mortgage to buy a home. The safest adjustable-rate mortgage is a “fully amortizing” one, which is just like a standard fixed-rate mortgage in the sense that it’s designed to pay principal and interest every month. That’s why it’s best to get an official “loan estimate” …

Credit Loans Pay Loan Mortgage Interest Rates Mortgages
How Fed hikes could affect mortgages, car loans, card rates
2 years, 11 months ago

How Fed hikes could affect mortgages, car loans, card rates

Associated Press  

WASHINGTON — Will mortgage rates go up? Mortgage rates don’t usually rise in tandem with the Fed’s rate increases. And with numerous Fed rate hikes expected, the rate on the 10-year note could rise over time — and so, by extension, would mortgage rates. Those who don’t qualify for such low-rate credit card offers might be stuck paying higher interest …

Inflation Mortgage Treasury Fed Higher Rise Mortgage Rates
Home loan interest rates to keep favouring owner-occupiers over investors under new APRA rules
3 years, 1 month ago

Home loan interest rates to keep favouring owner-occupiers over investors under new APRA rules

ABC  

Home loan interest rates are likely to keep favouring owner-occupier borrowers over property investors under finalised changes to bank capital rules. Key points: Updated rules will favour lower-risk loans, such as owner-occupier principal and interest mortgages Property investors and those with high LVR or interest-only loans are likely to continue facing higher interest rates Business loans and commercial property will …

Property Bank Loans Loan Capital Risk Mortgages