Tag Archives: drop

US home values – they could drop, president says

Although she noted that t. was currently no demand for rate and term refinance, she said that “now is the time to act on refinancing or securing the best interest rate for home purchases before (rates) go higher”. She revealed that NMB was on a recruitment drive, having hired 100 new staff in May alone, […]

Will Home Prices DROP in 2022? Buy Now or Wait?

Buy now or wait? This is the most common question I get and I can understand w. people are coming from with spiking rates, record low inventory and record high home prices. So in today’s housing market update, I’m going to shed some light on this topic. ➜➜➜ Get Connected To a GREAT Real Estate […]

March sees drop in remortgage instructions

Data showed that t. was also 28% drop in completed remortgages in March, which was “entirely expected” given the early repayment charge (EPC) peak at the start of April. The most popular main aim when remortgaging was to release equity in property, cited by 29% of borrowers. The survey by the conveyancing firm says 46% […]

Industry applauds decision to drop review of broker commissions

Brokers and others working in loan finance have welcomed the news that a government review of broker trail commissions has been dropped. Federal Assistant Treasurer and Minister for Housing Michael Sukkar announced late on Friday that the 2022 review of mortgage broker remuneration, which was to be conducted by the ACCC and the Council of […]

Homebuilders’ sales expectations drop dramatically, as mortgage rates soar

A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Rising mortgage rates are starting to take their toll on the nation’s homebuilders, who are more concerned about affordability heading into the […]

Brief drop in mortgage rates sparks mini refinance boom

A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters After rising steadily for months, mortgage rates made a U-turn last week, and borrowers jumped to take advantage. The crisis in Ukraine rattled financial markets and caused a run on the relatively safer bond market. Yields fell and mortgage rates […]