Mortgage rates should drop below 7% as housing demand picks up

By: ameer@trustedteam.com

Purchase application data Hello, early Christmas present! Mortgage rates have fallen by almost 1% in a short time, and it has created four straight weeks of positive purchase application data....

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RBC bracing for renewal impact: three quarters of its mortgages to see higher rates by 2026

By: ameer@trustedteam.com

Despite interest rates having been elevated for over a year, Canada’s largest bank said the bulk of the impact is yet to be felt with nearly three quarters of...

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How the reverse mortgage servicing space is embracing AI

By: ameer@trustedteam.com

The servicing of reverse mortgages is far more nuanced than conventional loans, with many moving regulatory parts that impact the way in which such loans are cared for by...

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‘The Daily Show’ takes aim at reverse mortgages and…horses?

By: ameer@trustedteam.com

It doesn’t happen every day, but it appears that some comedians have turned their attention to reverse mortgages. In October, reverse mortgages featured in ignoramus Peter Griffin’s animated sitcom “Family...

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Home Loans And Your Credit Scores

By: ameer@trustedteam.com

December 1, 2023 What can borrowers expect from an American economy trying which is STILL in the process of recovering from the negative financial effects of COVID-19? Some experts are currently...

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A 4.99% mortgage is providing short-term relief to borrowers…but what’s the catch?

By: ameer@trustedteam.com

Some new and innovative mortgage products have recently emerged to help Canadians manage the current high interest rate environment, perhaps most talked about being True North Mortgage’s 1-year 4.99%...

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Real estate euphoria highlights trader angst for end to hikes

By: ameer@trustedteam.com

Real estate finished November as the second best performing group in the S&P 500 Index adding 12%, trailing slightly behind tech's 13% gain. The momentum was fueled by bets...

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Fifth of UK adults missed payment in last 12 months

By: ameer@trustedteam.com

One in five (18%) UK adults, the equivalent to 9.7 million people, have missed a payment in the last 12 months, new research from Bluestone Mortgages shows. ...

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TSB reduces resi, landlord rates by up to 45bps  

By: ameer@trustedteam.com

TSB has cut selected rates among its residential, landlord, product transfer and additional borrowing ranges by up to 45 basis points.   ...

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Fifth of UK adults missed payment in last 12 months

By: ameer@trustedteam.com

One in five (18%) UK adults, the equivalent to 9.7 million people, have missed a payment in the last 12 months, new research from Bluestone Mortgages shows.   The missed payment...

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