News Ticker

[ May 17, 2024 ] Why this couple decided to rent out rather than sell their old home: ‘It’s a gem’ New York Post
[ May 17, 2024 ] Owning a Frank Lloyd Wright home is now slightly less rare — but there’s a twist New York Post
[ May 17, 2024 ] Here’s how much it costs to buy a luxe Manhattan home with access to a shared secret garden New York Post
[ May 17, 2024 ] Former Nets coach Jacque Vaughn has scored a $2.5M Brooklyn home New York Post
[ May 17, 2024 ] Beyoncé’s ‘Dangerously in Love’ was recorded in this NYC building — where a glam penthouse now asks $3.99M New York Post

Mortage News

Mortgage news refers to the latest developments and trends in the mortgage industry, including changes in interest rates, new mortgage products, updates on regulations and guidelines, and other factors that affect homebuyers and homeowners.

Mortgage news can also cover topics such as the housing market, home prices, foreclosure rates, and other factors that impact the mortgage industry. For example, mortgage news may report on changes in home sales, new construction activity, or economic indicators that can affect mortgage rates.

UK mortgage rates rise again, turning screw on homeowners and buyers

June 30, 2023 Mark Paul Cervantes Comments Off

LONDON, June 29 (Reuters) – Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above the 6% mark in painful news for many homeowners and potential buyers. […]

Mortgage rate hikes threaten a ‘significant drag’ on housing market, Nationwide warns

June 30, 2023 Mark Paul Cervantes Comments Off

The high street lender says while typical homeowners coming off fixed rate deals face significant increases in their monthly payments, borrowers have been “stress tested” for higher rates and so should be able to cope, […]

Mortgage News: Nationwide, HSBC Hit Borrowers With Chunky Rate Increases

June 29, 2023 Mark Paul Cervantes Comments Off

HSBC and Nationwide have announced big increases to their fixed mortgage rates, piling more pain on beleaguered borrowers, writes Jo Thornhill. Nationwide building society will increase its fixed rates by up to 0.35 percentage points from […]

Mortgage App Volume Showing Signs of Life?

June 28, 2023 Allen Santos Comments Off

In light of yesterday’s strong report on new home sales and the earlier marginally improved one on pre-owned home sales, mortgage application volumes could indicate that the spring real estate market didn’t actually evaporate. Maybe […]

Price discounts jump as rising mortgage costs ‘spook’ UK housebuyers

June 28, 2023 Mark Paul Cervantes Comments Off

Two-fifths of UK sellers are accepting discounts of more than 5 per cent on the asking price of their property, reflecting the impact of rocketing mortgage rates and the wider cost of living crisis, according […]

How risky is it to extend Canadian mortgage amortizations?

June 28, 2023 Mark Paul Cervantes Comments Off

(Reuters) – Canada’s record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from higher borrowing costs but raising […]

New Home Sales Hit 15-Month High as Prices Dip

June 27, 2023 Allen Santos Comments Off

Last month’s sales of newly constructed single-family homes rose to the highest level since February 2022. The report from the U.S. Census Bureau and the Department of Housing and Urban Development put the seasonally adjusted […]

April Home Prices Bolster Case for Recovery

June 27, 2023 Allen Santos Comments Off

Both the S&P CoreLogic Case-Shiller U.S. National Home Price Index and the Federal Housing Finance Agency’s (FHFA’s) Home Price Index (HPI) show home prices continuing to increase in April although at a much-diminished rate than […]

Mortgage News: HSBC Reprices Deals After Competitive Rates Trigger Business Surge

June 27, 2023 Mark Paul Cervantes Comments Off

27 June: TSB Joins Throng Of Lenders Hiking Cost Of Borrowing HSBC is increasing the cost of its fixed rate mortgages from tomorrow (28 June), following Santander, Virgin Money and TSB, writes Jo Thornhill. A spokesperson […]

Two and five-year fixed-rate mortgages in UK at highest level for seven months

June 27, 2023 Mark Paul Cervantes Comments Off

The average price of two- and five-year fixed-rate mortgages in the UK has hit its highest level for seven months, putting further pressure on borrowers who are reaching the end of their deals. Data from […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]