Mortgage demand surges as interest rates ease off recent highs

By: ameer@trustedteam.com

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased last week to 6.77% from 6.81% the previous week. Applications to refinance a...

Read More

Coventry Building Society hands brokers 48-hour rate rise notice 

By: ameer@trustedteam.com

Coventry Building Society has told brokers it will close a range of residential and buy-to-let rates tomorrow and will come back with higher offers a day later.   ...

Read More

Second charge mortgages plummet by almost a quarter in April: FLA  

By: ameer@trustedteam.com

Second charge mortgage loans tumbled by almost a quarter in April, compared to a year ago, according to data from the Finance & Leasing Association, “as uncertainty about the...

Read More

Scottish house prices up despite headwinds

By: ameer@trustedteam.com

The average Scottish house price is up 0.7% on the March figure and up 1.5% annually – standing at £221,267. ...

Read More

Second charge loans tumble by almost a quarter in April: FLA  

By: ameer@trustedteam.com

Second charge mortgage loans tumbled by almost a quarter in April, compared to a year ago, according to data from the Finance & Leasing Association, “as uncertainty about the...

Read More

Scottish average house price increases – Walker Fraser Steele

By: ameer@trustedteam.com

The average Scottish house price is up 0.7% on the March figure and up 1.5% annually – standing at £221,267. The figures come from the latest Walker Fraser Steele Acadata...

Read More

BofA eyes seven new markets, including New Orleans and Milwaukee

By: ameer@trustedteam.com

Bank of America currently operates in 83 of the top 100 markets, and it plans to increase that number to 90 by the end of 2025, according to Aron...

Read More

The non-QM product gaining steam in a low-volume market

By: ameer@trustedteam.com

Some lenders in search of business during the mortgage market's holding pattern are turning attention to a niche product with millions of prospective borrowers. Community banks, credit unions and other...

Read More

Mortgage lenders must retool their practices to draw Gen Z workers

By: ameer@trustedteam.com

The oldest cohort of those considered Gen Z, which includes people born in 1997 or later, has started entering the workforce, and a significant number of them are now...

Read More

Mortgage market mayhem: Advice to buyers or those remortgaging

By: ameer@trustedteam.com

If you are taking out a mortgage – it probably feels like you are walking into a raging storm. Kate Saines gathers advice on how to navigate your way...

Read More