Three quarters of Australian borrowers are now at risk of becoming home loan hostages due to their lifestyle and financial decisions, new research from mozo.com.au has found. “Home loan customers might be unaware that when they go to refinance their home loan with a new lender, they are assessed as though they are a new […]
Tag Archives: reveals
Real Estate World
Fixed rate price drops slow down, Moneyfacts data reveals – Mortgage Finance Gazette
20
Feb
Feb
The average rate for a two-year fix fell 3 basis points, to 5.33%, and the average rate for a three-year fix slipped by a single basis point, to 5.22%. Meanwhile, the average rate for a five-year fix lost 3 basis points, taking it to 5.05%, and the average price for a 10-year fix was reduced […]
24
Dec
Dec
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10
Dec
Dec
Fitch stated that mortgage performance is expected to deteriorate in most countries, due to inflation and high interest rates increasing borrower payments and eroding income, which in turn will weaken borrower credit quality and drive arrears. Like other countries, the US is expected to fall into a mild recession, although this is expected to happen […]
22
Oct
Oct
A new NAB report has revealed six megatrends that mortgage brokers should have on their radar during the final months of 2022 and looking ahead for next year. On Friday, October 21, NAB launched Market megatrends 2022: Uncovering the opportunities for brokers, a practical guide to navigating Australia’s fast-moving property market. In partnership with CoreLogic, […]
20
Sep
Sep
New research has revealed a grim reality for those trying to get into the property market: it would take a first-home buyer a whopping 17.5 years to save a 20% deposit to purchase a Sydney home with rising interest rates. Across the combined capital cities, it would take 14 years to save a house deposit. […]
07
Sep
Sep
The move is expected to help the company retain over $100 million per year source
31
Aug
Aug
Detroit (in the state of Michigan), Miami and Jacksonville (Florida) were the cities with the highest average denial rates for Black borrowers (25.5%). This was more than double the average denial rate of 12.5% across San Francisco (California), Seattle (Washington) and Sacramento (California), the cities with the smallest percentage point differences between denial rates for […]
25
Aug
Aug
The company determined the best course of action was to close. “Active real estate transactions will continue to be supported through the end of the year by a small team of employees,” Reali said in a statement. Founded in 2016, Reali provides a “one-stop shop” for home buying and selling, including mortgage origination, title and […]
11
Aug
Aug
The performance was achieved despite significant market pressures against a backdrop of inflation that has hit the mortgage industry hard. Alex Elezaj, chief strategy officer, discussed the results amid such challenges in a telephone interview with Mortgage Professional America. “The whole sentiment over . at UWM is we’re very excited and proud of it, but […]
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