Mortgage rates shoot to 2-month high after new report shows inflation is still hot

By: ameer@trustedteam.com

The average rate on the 30-year fixed mortgage jumped to 7.14%, according to Mortgage News Daily. Mortgage rates hit their last high in October, but then fell sharply over the...

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Are mortgage rates about to break out higher again?

By: ameer@trustedteam.com

Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. In my 2024 forecast, I put the 10-year yield range between 3.21%-4.25%, with a...

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Bendigo and Adelaid Bank’s digital mortgage channel grows

By: ameer@trustedteam.com

Bendigo and Adelaide Bank’s digital mortgage channel grows | Australian Broker News

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UWM files suit against creator of Facebook group for brokers

By: ameer@trustedteam.com

United Wholesale Mortgage is suing Ramon Walker, owner of brokerage Client Direct Mortgage and creator of a Facebook group dubbed "Rocket Pro TPO vs. UWM," for trademark infringement and...

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CommBank hit with record fines after underpaying employees

By: ameer@trustedteam.com

The fines total $10.35 million. The Federal Court has imposed a $7.31 million penalty against CBA and $3.03 million penalty against CommSec. In total, 7,402 CBA and CommSec employees...

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Unemployment up, but remains stable: ABS

By: ameer@trustedteam.com

The Australian Bureau of Statistics’ (ABS) most recent Labour Force data for January 2024 has found that the unemployment rate has increased to 4.1 per cent (seasonally adjusted), up...

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Land shortages driving prices to new records: HIA

By: ameer@trustedteam.com

According to the HIA-CoreLogic Residential Land Report, the national median price of a residential block of land has hit $340,000 as of the September quarter 2023, reaching a new...

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UK rents climb at slowest pace in over a year: Hamptons 

By: ameer@trustedteam.com

Average UK rents on newly let properties across rose 8.3% to £1,324 in January from a year ago, the slowest pace for 13 months and the first time in six months that...

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Asking price rises top £3,000 in February: Rightmove 

By: ameer@trustedteam.com

Average UK house asking prices came in at £362,839 in February, edging up just 0.1% from a year ago – but posting the first annual price growth after six...

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Holiday lets to come under new planning rules: DLUHC 

By: ameer@trustedteam.com

Local councils will be given greater power to control holiday lets by making them subject to planning rules, under new government proposals due to come into force this summer.  ...

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