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Most property investors are opting for one-year fixed mortgages – survey
Source: MPA Mag --- A number of property investors are choosing to suffer the short-term pain of fixing their mortgage rates for a year in anticipation of interest rates easing, according to a new survey. The latest Crockers-Tony Alexander Investor Insight found that...
Tracker mortgages: is it a good idea to get one now?
Source: The Times Money Mentor --- With many low interest fixed-rate mortgage deals due to expire this year, borrowers may be asking what to do next and considering whether a tracker mortgage is a good option. A new report from the Office for National...
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Mortgage applications slip for second consecutive week
Source: Fox Business --- Mortgage applications have fallen for a second consecutive week as homebuyers' fears of a potential recession continue to grow. For the week ending July 1, the Mortgage Bankers Association reported a 5.4% decrease in mortgage applications...
Rising mortgage rates are hitting Americans’ wallets. Here’s how to adjust your housing budget
Source: CNBC --- Homebuyers are feeling the squeeze of rising mortgage rates. On top of that, housing prices remain high. That may lead many to rethink their budget. “As mortgage rates go up, it raises the cost of buying a home with a mortgage,” explained Danielle...
How Your Equity Can Grow over Time
Source: Keeping Current Matters --- It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over...
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