Halifax offers sub-5% five-year loans, cuts rates by up to 46bps 

By: ameer@trustedteam.com

Halifax Intermediaries will offer sub-5% five-year home loans, with rates starting at 4.53% from tomorrow (15 November).  The lender’s broker-only arm says its homebuyer deals include first-time buyer, new build, large...

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Halifax launches sub-5% five-year resi loans, reduces rates by up to 46bps 

By: ameer@trustedteam.com

Halifax Intermediaries will offer sub-5% five-year home loans, with rates starting at 4.53% from tomorrow (15 November).  ...

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ANZ post $7.4 billion cash profit for 2023

By: ameer@trustedteam.com

ANZ has announced a $7.4 billion cash profit in its 2023 full year results, up 14% compared to last year. ANZ CEO Shayne Elliott (pictured above) said it was a...

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House asking prices in largest monthly fall for five years: Rightmove  

By: ameer@trustedteam.com

House asking prices from new sellers suffered their sharpest fall for five years this month, while transactions are 10% below 2019 pre-pandemic levels, data from Rightmove shows.   ...

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Paragon Bank cuts five-year fixed-rate by up to 20bps

By: ameer@trustedteam.com

Paragon Bank has announced reduction on its five-year fixed-rate buy-to-let mortgages by 20 basis points (bps). ...

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Housing inventory growth slows to a halt

By: ameer@trustedteam.com

Weekly housing inventory data All I wanted for Thanksgiving and Christmas was just a few weeks of active inventory growth between 11,000 – 17,000. But even with mortgage rates getting...

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Home prices went back up across most markets in 3Q

By: ameer@trustedteam.com

The median U.S. home price headed higher in the third quarter, reversing direction from the first half of the year, but wide variations were reported across markets, the National...

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FHFA sets March deadline for community programs at Home Loan banks

By: ameer@trustedteam.com

By issuing guidance on establishing pilot programs to help the underserved just days after proposing reforms at the Home Loan banks, Federal Housing Finance Agency Director Sandra Thompson is...

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Will falling mortgage rates entice potential homebuyers off the sidelines?

By: ameer@trustedteam.com

The biggest question in the minds of loan originators is whether mortgage rates will fall through the end of 2023, providing some reprieve from the high-rate environment that has...

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Bloomberg article is wrong on VA loan forbearance

By: ameer@trustedteam.com

Many mortgage firms around the U.S. spend a great deal of time and money focusing on the needs of veterans at this time of year. Even with lending volumes...

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