March sees drop in remortgage instructions
March sees drop in remortgage instructions
Remortgage instructions decreased by 26% in March as lenders react to the heightened levels of uncertainty around the cost of living crisis, according to the latest remortgage data by LMS. Data showed that there was also 28% drop in completed remortgages in March, which was “entirely expected” given the early repayment charge (EPC) peak at ...
This story continues at March sees drop in remortgage instructions
Or just read more coverage at Mortgage Finance Gazette
You can contact us to get more choices
0
You can contact us to get more choices
Related posts
Remortgage instructions decreased by 26% in March as lenders react to the heightened levels of uncertainty around the cost of living crisis, according to the latest remortgage data by LMS. Data showed that there was also 28% drop in completed remortgages in March, which was “entirely expected” given the early repayment charge (EPC) peak at ...
This story continues at March sees drop in remortgage instructions
Or just read more coverage at Mortgage Finance Gazette
Remortgage instructions decreased by 26% in March as lenders react to the heightened levels of uncertainty around the cost of living crisis, according to the latest remortgage data by LMS. Data showed that there was also 28% drop in completed remortgages in March, which was “entirely expected” given the early repayment charge (EPC) peak at ...
This story continues at March sees drop in remortgage instructions
Or just read more coverage at Mortgage Finance Gazette
Remortgage instructions decreased by 31% in April, according to LMS’ Monthly Remortgage Snapshot. Data showed that there was a 24% increase in completed remortgages in April, while the overall cancellation rate decreased by 0.36% to 4.67%. LMS chief executive Nick Chadbourne says: “The figures show that there has been a substantial decrease in cancellations as ...
This story continues at Remortgage instructions down 31% in April: LMS
Or just read more coverage at Mortgage Finance Gazette
Remortgage instructions decreased by 31% in April, according to LMS’ Monthly Remortgage Snapshot. Data showed that there was a 24% increase in completed remortgages in April, while the overall cancellation rate decreased by 0.36% to 4.67%. LMS chief executive Nick Chadbourne says: “The figures show that there has been a substantial decrease in cancellations as ...
This story continues at Remortgage instructions down 31% in April: LMS
Or just read more coverage at Mortgage Finance Gazette
The National Association of Realtors is reporting that pending home sales were down 1.2% in March, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 103.7. “The falling contract signings are implying that multiple offers will soon dissipate and be replaced by much calmer and normalized market conditions…As [...]
The post Pending Home Sales Drop 1.2% in March appeared first on Real Estate Investing Today.
The National Association of Realtors is reporting that pending home sales were down 1.2% in March, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 103.7. “The falling contract signings are implying that multiple offers will soon dissipate and be replaced by much calmer and normalized market conditions…As [...]
The post Pending Home Sales Drop 1.2% in March appeared first on Real Estate Investing Today.
The Twenty7Tec platform recorded the highest ever monthly total for mortgage searches in March, surpassing the stamp duty-driven figure in March last year by 60,000 searches, according to the platform’s latest Mortgage Market Report. With March mortgage searches reaching close to one million, Twenty7Tec expects to meet that figure in April given how the market ...
This story continues at March sees highest ever mortgage searches on Twenty7Tec
Or just read more coverage at Mortgage Finance Gaze...
The Twenty7Tec platform recorded the highest ever monthly total for mortgage searches in March, surpassing the stamp duty-driven figure in March last year by 60,000 searches, according to the platform’s latest Mortgage Market Report. With March mortgage searches reaching close to one million, Twenty7Tec expects to meet that figure in April given how the market ...
This story continues at March sees highest ever mortgage searches on Twenty7Tec
Or just read more coverage at Mortgage Finance Gaze...
Alternative lender Home Capital says it is “preparing for the worst” when it comes to delinquencies, but so far hasn’t seen any issues with borrowers making their payments. And that’s despite many of its non-prime borrowers renewing at mortgage rates of 7% and 8%, according to Home Capital President and CEO Yousry Bissada. He noted that much of the company’s near-prime business that was done last year was in the range of 4% to 5%. But, because they were stress-tested at rates two perc...
Alternative lender Home Capital says it is “preparing for the worst” when it comes to delinquencies, but so far hasn’t seen any issues with borrowers making their payments. And that’s despite many of its non-prime borrowers renewing at mortgage rates of 7% and 8%, according to Home Capital President and CEO Yousry Bissada. He noted that much of the company’s near-prime business that was done last year was in the range of 4% to 5%. But, because they were stress-tested at rates two perc...
A new residential report for the city and surrounding counties shows overall sales dipped nearly 2% last month.
A new residential report for the city and surrounding counties shows overall sales dipped nearly 2% last month.
High-end deals rebounded in March to nearly the level we saw in January — though not nearly to the same value.
High-end deals rebounded in March to nearly the level we saw in January — though not nearly to the same value.
Data shows that net mortgage borrowing is still above the pre-pandemic average of £4.3bn in the year to February 2020.
Gross lending showed little change last month at £25.4bn, down from £26bn in July.
Mortgage approvals for house purchases increased sharply to 74,300 in August from 63,700 in July.
if ($(window).width()
Data shows that net mortgage borrowing is still above the pre-pandemic average of £4.3bn in the year to February 2020.
Gross lending showed little change last month at £25.4bn, down from £26bn in July.
Mortgage approvals for house purchases increased sharply to 74,300 in August from 63,700 in July.
if ($(window).width()
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Eco...
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Eco...
Despite a slowing housing market at the end of the first quarter, Equitable Group posted its best-ever quarter with net income up 27% on strong origination growth. It also expects strong growth to continue into 2022, due to a variety of factors. “…we are not the market, and we do expect our own momentum to continue into our traditionally busy spring and summer months,” said Chief Financial Officer Chadwick Westlake. President and CEO Andrew Moor explained this is partly due […]
Despite a slowing housing market at the end of the first quarter, Equitable Group posted its best-ever quarter with net income up 27% on strong origination growth. It also expects strong growth to continue into 2022, due to a variety of factors. “…we are not the market, and we do expect our own momentum to continue into our traditionally busy spring and summer months,” said Chief Financial Officer Chadwick Westlake. President and CEO Andrew Moor explained this is partly due […]