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First week of 2023 sees drop in average rates, Moneyfacts data shows

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The three-year fix led events, seeing 10 basis points removed from its average rate, taking it to 5.81%. Behind this, the,.. Read More;

post

December Construction activity dips at fastest rate since pandemic: PMI

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The report notes a similar fall in new orders that was the strongest for over two-and-a-half years. It adds sentiment among,.. Read More;

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Rocket Pro TPO's new leader on championing broker choice

National Mortgage
Mortgage Finance
2 years ago

In a Jan. 1 reshuffling the mortgage giant also promoted its former wholesale chief to chief revenue officer of Rocket,.. Read More;

post

Five trends to watch in fourth-quarter bank earnings

National Mortgage
Mortgage Finance
2 years ago

As the full-year impact of rising interest rates and inflation comes into focus, investors should expect banks to report the,.. Read More;

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Precise Mortgages reduces rates, launches adverse support measures

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The lender, part of the OSB Group, says highlights of the new residential range include: Five-year fixed-rate deals starting at 5.49% Two-,.. Read More;

post

Virgin Money launches resi and BTL loans, cuts rates by up to 93bps

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The lender debuts exclusive purchase deals, with £1,000 cashback and free valuation, which cover: An 85% loan-to-value two-year fixed-rate offer,,.. Read More;

post

House prices slip to 2% growth in December, Halifax says

Mortgage Finance Gazette
Mortgage Finance
2 years ago

This compares to 4.6% growth in November. And on a monthly basis, house prices fell by 1.5% as the year came,.. Read More;

post

Eastwood leads UK property hotspots in 2022: Rightmove

Mortgage Finance Gazette
Mortgage Finance
2 years ago

The property website says Hulme in Greater Manchester was second on its list with asking prices rising by 26% to,.. Read More;

post

MBS will 'bend, not break' from credit woes and a bank retreat

National Mortgage
Mortgage Finance
2 years ago

The latest mortgage-backed securities forecasts suggest 2023 will be another challenging year, but both agency and private bonds may be,.. Read More;

post

Multifamily mortgage volume likely to drop 11% in 2023

National Mortgage
Mortgage Finance
2 years ago

Multifamily mortgage originations are expected to fall by 11% year-over-year in 2023 as the entire commercial real estate sector is,.. Read More;

post

Mortgage rates rose for a second week, according to Freddie Mac

National Mortgage
Mortgage Finance
2 years ago

Mortgage rates increased for the second week in a row as its movements diverged from the benchmark 10-year Treasury, the,.. Read More;

post

Fed's George says rates should stay above 5% well into 2024

National Mortgage
Mortgage Finance
2 years ago

Federal Reserve Bank of Kansas City President Esther George said the central bank should raise its benchmark interest rate above,.. Read More;

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