Mortgages

BEIJING (Reuters) - The People's Bank of China (China's central bank) told commercial banks on Sunday to begin cutting interest rates on all outstanding home loans, in a sweeping move to help ease the mortgage burden on households hurt by…

The state needs to formulate a national emergency plan for the housing sector to deal with the rapid rise in housing prices, said Uri Yonisi, head of the mortgage department at Bank Leumi, at the Globes-Bank Leumi…

This is mainly aimed at further lowering borrowing costs and trying to boost consumption activity. China's domestic demand conditions have suffered greatly since the outbreak of the Covid-19 pandemic and there has been no significant…

Leeds Building Society, a prominent UK lender, has embarked on a trial initiative to suspend new holiday-let mortgages in select popular tourist destinations, aiming to address concerns raised by campaigners regarding housing…

The news on the cut to the Loan Prime Rate (5-year) is here:PBOC Rate CUT ___ (LPR): 1-year 3.45% (prior 3.45%) 5-year 3.95% (prior 4.20%)Since the weekend there had been a cascade of expectations for a cut to the 5-year, but expectations…

Economy Informal workers to access State-backed mortgages under new plan Friday December 01 2023 Kenya Mortgage Refinance Company (KMRC) Chief Executive Officer Johnstone Oltetia. FILE PHOTO | JEFF ANGOTE | NMG Households in the…

Article content (Bloomberg) — Canada’s banking regulator said he’s concerned about the prevalence of ultra-long mortgages and that his agency is working with banks to stem the ubiquity of such loans. The country’s banks have about C$250…

In December 2021, when the 30-year fixed rate mortgage rate was still averaging 3.1%, a borrower could get a $700,000 mortgage that required monthly payments of principal and interest of just $2,989. Fast forward to Wednesday, and a…

Article content (Bloomberg) -- Canada's banking regulator is proposing to make it more expensive for lenders to absorb mortgage lenders who extend their loans in an effort to reduce housing market risk in the financial system. Article…