Unlike the U.S., mortgage borrowers in the U.K. are required to renew mortgages on a cyclical basis.
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UK Homeowners Facing Mortgage Rates Over 5%
Housing Bubble
Quarter of people have seen housing costs rise in past three months as increasing rent and mortgage rates put pressure on household finances
The post Quarter of people have seen housing costs rise in past three months as increasing rent and mortgage rates put pressure on household finances appeared first on Weekly Real Estate News.
Housing Wire
VA makes major change to America’s most underutilized mortgage program
The U.S. Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans […]
Housing Wire
Mortgage demand falters as rates inch past 7%
Demand for mortgage loans dropped following the Fed’s decision to raise interest rates by an additional 75 basis points last week. The market composite index, a measure of mortgage loan application volume, declined 3.7% for […]