mortgage

Mortgage approvals fell to the lowest level in six months in August as prospective homeowners stayed away from the property market and average mortgage costs approached 5 per cent. Data from the Bank of England showed that the number…

High interest rates are continuing to hit demand in the property market as potential buyers pull back from purchases because of increased mortgage costs. The number of mortgage approvals fell last month to a five-month low of 49,400,…

Receive free Mortgages updatesWe’ll send you a myFT Daily Digest email rounding up the latest Mortgagesnews every morning. UK mortgage approvals fell more than expected in July while consumers cut borrowing, according to official…

30 year mortage rate at highest level in over 20 yrsUS mortgage rates hit the highest level in 20 years.The average mortgage rate increased to 7.09% as reported by Freddie Mac.A year ago the rate was around 5%.The Federal Reserve's…

© Reuters. FILE PHOTO: A sign is seen outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Watty Posted by Nivedita Balu TORONTO (Reuters) - The Bank of Canada's rate hike on Wednesday and the…

Matthew Ryan, head of market strategy at global financial services firm Ibery, predicts that the central bank will raise interest rates to around 6.35% during the first three months of next year. UK mortgage rates are at a 15-year…

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Just a few days ago, Finance Minister Bezalel Smotrich said in the Knesset Finance Committee, "I am currently looking for a formula that will lead to a situation in which the state will have maximum tax gains for banks,…

Chancellor Jeremy Hunt will call on banks to tackle what one Tory MP described as a "mortgage bomb about to go off", but ruled out providing financial support to families struggling with the rising cost of mortgages.On Tuesday, Hunt…

Realtors have warned that more and more lenders are planning to raise interest rates on mortgages, as the fallout from the Bank of England's high interest rates continues to devastate homeowners. The fresh hit to the housing sector…