News
Nationwide set to cut fixed mortgage rates to as low as 3.50% from Thursday
4+ hour, 55+ min ago (607+ words) Nationwide Building Society is chopping its fixed mortgage rates to as low as 3.50% from Thursday as competition in the market continues to heat up. Britain's biggest building society will offer a two-year fixed rate mortgage at 3.50% to existing and new…...
Hope for first time buyers as Nationwide and HSBC push through mortgage rate cuts
5+ hour, 40+ min ago (419+ words) A new mortgage price war has broken out giving a boost to home owners and first time buyers. Major lenders are competing with cuts to their fixed rate mortgage deals to grab a share of a sluggish market. Nationwide said…...
David Rosenberg: When no one is calling for a recession or market crash, here's what usually happens
1+ day, 10+ hour ago (835+ words) I know I keep harping on this one theme: that the consensus is rarely right at inflection points. And right now, we don't just have a consensus; we have unanimity. That should give every serious investor a cause for pause....
Rate cuts may be done. Now, it's about the right mortgage game plan
2+ day, 12+ hour ago (794+ words) As mortgage rates stabilize, prospective homebuyers who have been waiting on the sidelines may find now is a good time to jump in. "We've moved into a much more normalized rate environment," said Leah Zlatkin, a mortgage broker at Mortgage…...
Trump says he wants government to buy $200B in mortgage bonds in a push to bring down mortgage rates
5+ day, 21+ hour ago (557+ words) Trump said the two mortgage companies under government conservatorship, Fannie Mae and Freddie Mac, have $200 billion in cash that will be used to make the purchase. White House officials did not immediately respond to questions about the timelines for how…...
Trump says he wants to ban large investors from buying houses. It's part of his affordability plan
1+ week, 3+ min ago (368+ words) People live in homes, not corporations," Trump said in a social media post as he called on Congress to codify his ban. The president has in the past floated extending the 30-year mortgage to 50 years in order to lower monthly…...
Five mortgage-rate predictions for 2026, according to Ratehub
2+ week, 2+ day ago (802+ words) Canadian mortgage borrowers heading into 2026 are facing a far more stable interest-rate environment than in recent years, but the impact will vary sharply depending on whether they hold fixed- or variable-rate loans, according to new projections from Ratehub.ca. Approximately…...
Why mortgage rates are stuck at 6.2% — and might stay there
2+ week, 4+ day ago (515+ words) For weeks now, mortgage rates have barely budged. There's a good chance they won't move much in the new year either. Mortgage rates have hovered in a remarkably narrow range of 6.2% to 6.3%, roughly year-to-date lows, since mid-September. Those levels have…...
‘Bank of mum and dad’ funding multiple moves up property ladder, survey finds
4+ week, 1+ day ago (507+ words) A fifth of homeowners who have taken their second step on the property ladder received financial help from family members or friends, a survey indicates. The research highlights how the "bank of mum and dad" may be called upon more…...
Millennials are richer than their boomer parents. Here's why they love to complain anyway.
1+ mon, 2+ week ago (342+ words) "It's taking longer to launch, there is some more debt, but in the long run, millennials are actually doing better than Generation X and baby boomers," says Kevin Corinth, a senior fellow and deputy director of the Center for Opportunity…...