Regional home price trends diverge this quarter, NAR says

By: ameer@trustedteam.com

U.S. home prices haven't changed much this quarter. But regional trends looked wildly different, a report by the National Association of Realtors says. "Just like the weather, large local market...

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More baby boomers are becoming renters

By: ameer@trustedteam.com

Older Americans from the baby boom generation are increasingly becoming renters after downsizing their existing homes, with experts attributing the move to competition in the broader housing market, according...

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FHA Loan Rules For Borrowers With Non-Traditional Credit

By: ameer@trustedteam.com

August 11, 2023 FHA loans have flexible standards regarding the kinds of credit history a borrower brings to the loan application process. By that, we mean that applicants who have...

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Virgin Money launches new BTL and resi remo exclusives  

By: ameer@trustedteam.com

Virgin Money has reduced rates across its mortgage range and launched a range of residential and buy-to-let (BTL) remortgage exclusives. The deals will be available for seven days, until 8pm...

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Building work jumps by a record 1.6% in June: ONS  

By: ameer@trustedteam.com

Construction work jumped by 1.6% in June to the highest level of output since records began, data from the Office for National Statistics shows.   ...

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Together reduces resi, landlord rates by up to 40bps  

By: ameer@trustedteam.com

Together has cut rates on the majority of its residential and landlord fixed-rate products by up to 40 basis points.   ...

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UK GDP growth ‘feels like recession’ to many households: Resolution Foundation

By: ameer@trustedteam.com

The UK economy grew by 0.2% in the three months to June, but some economists say that higher living costs and mortgage payments mean this “will feel like a...

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Freddie Mac releases 2023 stress test results

By: ameer@trustedteam.com

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, Freddie Mac has released its 2023 Stress Test Disclosure, which reflects two hypothetical economic scenarios, including a...

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Mortgage delinquency rate falls to lowest level since 1979

By: ameer@trustedteam.com

The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy...

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Together cuts resi, BTL rates by up to 40bps  

By: ameer@trustedteam.com

Together has cut rates on the majority of its residential and landlord fixed-rate products by up to 40 basis points.   The specialist lender says, for personal finance customers, it...

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