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‘Our mortgage got so high we put off having a baby’

‘Our mortgage got so high we put off having a baby’

by Third Party | Feb 5, 2023 | International Real Estate News, Mortgage Information

Source: BBC News —  Alex Czok and her husband Tom Beech had hoped to start a family this year but when their mortgage went up by hundreds of pounds they put their plans on hold. They are one of the four million UK households facing higher mortgage bills this...
What Fed Rate Increases Mean for Mortgages, Credit Cards and More

What Fed Rate Increases Mean for Mortgages, Credit Cards and More

by Third Party | Feb 4, 2023 | Industry Updates, Mortgage Information

Source: The New York Times —  As the Federal Reserve has lifted its key interest rate several times over the past year, Americans have seen the effects on both sides of the household ledger: Savers benefit from higher yields, but borrowers pay more. Here’s how...
Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022

Home Equity Flattens Out Across U.S. In Fourth Quarter Of 2022

by Third Party | Feb 3, 2023 | Industry Updates, Mortgage Information

Source: ATTOM —  IRVINE, Calif. — Feb. 2, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48 percent of mortgaged...
LoanDepot Director Pamela Hughes Patenaude Named Board Chair of Home Builders Institute

LoanDepot Director Pamela Hughes Patenaude Named Board Chair of Home Builders Institute

by Staff Writer | Feb 3, 2023 | Industry Updates, Mortgage Information

Feb. 3, 2023 (Staff Writer) — loanDepot, Inc. (NYSE: LDI) (“loanDepot” or the “Company”), one of the nation’s largest non-bank retail mortgage lenders, today issued the following statement from CEO Frank Martell on the news...
Mortgage overpayments surge as borrowers fend off rising interest bills

Mortgage overpayments surge as borrowers fend off rising interest bills

by Third Party | Feb 3, 2023 | International Real Estate News, Mortgage Information

Source: Financial Times —  Mortgage borrowers scrambled to pay down their housing debt after interest rates on home loans soared, with lump-sum repayments and redemptions jumping to £2.4bn in October last year from £1.7bn in the same month in 2021. The figures...
Mortgage borrowing falls by £1bn as property market slowdown continues

Mortgage borrowing falls by £1bn as property market slowdown continues

by Third Party | Feb 2, 2023 | International Real Estate News, Mortgage Information

Source: Money Week —  The latest data from the Bank of England (BoE) shows a growing number of people are questioning whether now is a good time to buy a house, adding more uncertainty to the property market’s outlook for 2023.  The BoE’s Money and Credit report...
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