The upside of 8% mortgage rates? More inventory

By: ameer@trustedteam.com

Weekly housing inventory data Even though I haven’t been able to hit my target level of 11,000 -17,000 weekly inventory growth levels in 2023 with higher rates, it is clear...

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Pennymac reports correspondent gains due to bank proposal

By: ameer@trustedteam.com

While proposed capital rules for banks with assets of $100 billion or more have raised concerns for some nondepositories in terms of their potential impact on funding sources, they...

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All-cash home purchases are on an upward trend

By: ameer@trustedteam.com

With existing inventory scarce, all-cash purchases are rising, with a notable bump occurring in the new-home market, according to third-quarter data.The share of new single-family constructions bought with cash...

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The Fed may not hike interest rates next week, but consumers are unlikely to feel any relief

By: ameer@trustedteam.com

The Federal Reserve is expected to announce no rate hike at the end of its two-day meeting next week. Consumers will still feel the effects of higher rates and persistent inflation. Here’s...

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Selected fixed rate cuts from Coventry

By: ameer@trustedteam.com

Coventry for intermediaries has reduced selected fixed rate residential deals, with some rates reducing by up to 23bps. Two, three and five-year fixed rate options at 65–95% loan to value...

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Comment: Home help -where is it?

By: ameer@trustedteam.com

When it comes to housing policy, we would all welcome a bit more clarity and consistency. In their absence, rumour and speculation perhaps are inevitable. But some rumours appear to...

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Building on the success of MFG Rated for Service Awards

By: ameer@trustedteam.com

Mortgage Strategy is again partnering with Mortgage Finance Gazette and The Openwork Partnership to bring you MFG Rated for Service Awards 2023-24. This is the only annual service awards...

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NatWest lowers outlook amid ‘mortgage margin dilution’

By: ameer@trustedteam.com

NatWest posted profit up 18% to £1.3bn in the three months to September, but downgraded its outlook for the year, as the mortgage market eased and customers shifted to...

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NHMB and PRIMIS announce new partnership

By: ameer@trustedteam.com

New Homes Mortgage Broker is the latest firm to partner with the PRIMIS Mortgage Network, joining over 2,600 advisers. PRIMIS provides mortgage and protection advisers with  support, including training, events,...

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Mortgage Finance Gazette Rated for Service Awards 2023/24

By: ameer@trustedteam.com

Mortgage Finance Gazette is again partnering with Mortgage Strategy and The Openwork Partnership to bring you MFG Rated for Service Awards 2023-24. ...

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