Equity release rates cut over month as lenders improve offers

By: ameer@trustedteam.com

The equity release market has seen lenders cut rates since the start of this month. This is according to the latest figures from Moneyfacts. Lifetime mortgage rates are falling, with...

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How rate volatility is changing reverse mortgages

By: ameer@trustedteam.com

Reverse mortgages have a history of evolving in response to market stresses, and the recent gyrations in interest rates are now spurring a new round of policy experimentation aimed...

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Early retirement withdrawals accelerate, but baby boomers save the most

By: ameer@trustedteam.com

Retirement account balances decreased only slightly in the third quarter of 2023, but account withdrawals and loans are inching up as the ongoing effects of inflation continue to impact...

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FHA Commissioner: Reverse mortgages an ‘important part’ of housing finance system

By: ameer@trustedteam.com

For the third time since 2015 after a sustained rocky period in red ink, the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI)...

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What will lower mortgage rates do to spring housing inventory?

By: ameer@trustedteam.com

Purchase application data Now that mortgage rates have fallen from a bit over 8% toward 7.32%, we can see the immediate impact as purchase application data was positive for the...

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Australian economy ‘in a better position than most’, says Treasurer 

By: ameer@trustedteam.com

Australia’s economy is “in a better position than most”, according to federal Treasurer Jim Chalmers, despite the nation still facing several challenges including sticky inflation. Speaking at the Australian Securities...

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RBA reveals reason behind November rate hike

By: ameer@trustedteam.com

The November monetary policy meeting saw the Reserve Bank of Australia (RBA) increase the official cash rate by 0.25 bps to 4.35 per cent, breaking the four consecutive cash...

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Major bank scraps deputy CEO position 

By: ameer@trustedteam.com

The major bank has revealed it will enter 2024 with a reshaped executive leadership team as its deputy chief executive position has been made redundant. ...

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Home Value Index reaches record high

By: ameer@trustedteam.com

CoreLogic’s national Home Value Index (HVI) has revealed that the national dwelling value as of 22 November 2023 reached a record high up 7.7 per cent over the year,...

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Investigations into alleged mortgage Ponzi scheme continue

By: ameer@trustedteam.com

Investigations are continuing into the alleged misappropriation of investment funds from a mortgage and loan business, with findings not expected until next year. ...

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