Tag Archives: data

Addressing data will help industry in uncertain times

Environmental factors such as subsidence, droughts, increased flooding, and soil erosion have long been a part of risk assessments. However, now more than ever, it is important that available datasets are harnessed to remove any added layers of uncertainty as situations evolve. At present, more than 5 million homes and businesses in England are at […]

Fixes continue to move upwards as base rate hike bites, Moneyfacts data shows

For a two-year fix, the average rate increased 3 basis points to 3.08%, while the average rate for a three-year fix moved 3 basis points in the same direction, to 3.05%. At the same time, the average rate for a five-year fix grew 2 basis points to 3.22% and the average rate for a 10-year […]

Credit-building fintech to provide rent data to all ‘big 3’ bureaus

Self Financial Inc. has become approved to submit consumer rent-payment history to all “big 3” credit bureaus, potentially furthering growing efforts to qualify thin-file mortgage applicants with this .rmation. The fintech firm, which was founded in 2015 and offers a consumer credit-building subscription service, leveraged its recent acquisition of RentTrack in the move. RentTrack receives […]

House prices to reach record high, shows Reallymoving data

The forward-looking index, which captures the purchase price buyers agree to pay when they search for conveyancing quotes, suggests that the imbalance between supply and demand will continue to drive prices upwards through the spring despite growing pressures on household finances and rising borrowing costs. The supply crunch, which has seen the volume of properties […]

Atlanta homes have become unaffordable, Fed data show

The cost of buying a home in metro Atlanta is now officially considered to be unaffordable, according to the Federal Reserve Bank of Atlanta. The branch’s Home Ownership Affordability Monitor, uses median income for the area, home prices and interest rates to calculate the feasibility for residents to purchase a home. The annual mortgage payment […]

Property prices hit new record in March, Rightmove data shows

This 1.7% monthly increase, which compares to 2.3% in February, is the largest recorded for March since spring 2004. It also means that as of this month, house prices grew 10.4% annually, the fastest growth seen for this metric since June 2014. The index adds that all regions and counties bar London and Scotland experienced […]

Fixed mortgage rates increase, Moneyfacts data shows

While the average rate for a two-year mortgage moved up 5 basis points, to 2.80%, every other fix increased by 3 basis points. This took the average rate for a three-year fix to 2.79%, for a five-year fix to 2.97%, and for a 10-year fix to 2.90%. Two-year fixes At 80% LTV, the average rate […]

Most fixed rates rise this week, Moneyfacts data shows

The average rate for a two-year fix went up by 5 basis points, to 2.75%, and the average rate for a three-year fix ticked up by 2 basis points, to 2.76%. Meanwhile, the average rate for a five-year fix increased by 3 basis points, to 2.94%, and the average rate for a 10-year fix bucked […]