Higher mortgage rates will complicate housing affordability in 2024: Fannie Mae

By: ameer@trustedteam.com

Soaring interest rates and a higher-for-longer policy will take its toll on the economy, according to Fannie Mae’s Economic and Strategic Research (ESR) group. “The cause of the recent run-up...

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FHFA, stakeholders struggle to pin down costs in score update

By: ameer@trustedteam.com

Lenders and vendors really want guidance from the Federal Housing Finance Agency what the expense involved in its congressionally-mandated credit score update will be and how to manage it,...

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Rents jump 5.7%, house prices hold steady: ONS 

By: ameer@trustedteam.com

Average UK house prices edged 0.2% higher to £291,000 in the year to August, but private rents jumped 5.7% in the 12 months to September, data from the Office for...

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Industry draws few positives from inflation update

By: ameer@trustedteam.com

Inflation remained at 6.7% in September for the second month in a row.  Food inflation fell month on month for the first time in two years but rising prices...

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Inflation update offers sector little comfort

By: ameer@trustedteam.com

Inflation remained at 6.7% in September for the second month in a row.  Food inflation fell month on month for the first time in two years but rising prices...

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Rents lift 5.7%, home prices hold steady: ONS 

By: ameer@trustedteam.com

Average UK house prices edged 0.2% higher to £291,000 in the year to August, but private rents jumped 5.7% in the 12 months to September, data from the Office for...

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Mortgage Business Expo reports record-high attendance

By: ameer@trustedteam.com

Mortgage Business Expo has announced that visitor numbers at its London show were up 14% on 2022 figures. The event organisers said attendee feedback was overwhelmingly positive. The mortgage industry’s intermediary...

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Buy-to-let Watch: Autumn heralds better landscape for landlords

By: ameer@trustedteam.com

The past year has been a tough one for us all. We started 2023 with predictions of seeing the base rate cap out at 4.25%, and hoping the new...

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The Mortgage Works loosens criteria for portfolio landlords 

By: ameer@trustedteam.com

The Mortgage Works has relaxed the affordability assessments it applies to portfolio landlords.  Nationwide’s buy-to-let unit says it will lift the maximum aggregate loan to value for portfolio landlords, with...

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Lifetime customers, lump sums and drawdowns decline: ERC 

By: ameer@trustedteam.com

Lifetime mortgage repayments surged to more than £21bn a quarter since the end of last year, data from the Equity Release Council shows, as borrowers reacted to higher interest...

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