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Leeds Building Society has responded to borrower and broker demand by introducing a new range of mortgages for second homes. “We were receiving applications from an increasing number of home owners wanting to buy a second property,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution. “Building on our extensive experience in Holiday …
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realestate.com.au announced that it is building on its expansion into financial services by signing a new strategic mortgage broking partnership with NAB. realestate.com.au and NAB have also agreed to build a mortgage broking solution, which adds to the strategic partnership announced in December 2016 to create an Australian-first end-to-end digital property search and financing experience. To help …
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Home prices in the U.S. continued to rise in April, according to the S&P Dow Jones Indices. Data released for April 2017 shows that home prices continued their rise across the country over the last 12 months. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.5% annual …
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The current average 30-year fixed mortgage rate fell 3 basis points from 3.68% to 3.65% on Tuesday, Zillow announced. The 30-year fixed mortgage rate on June 6, 2017 is down 6 basis points from the previous week’s average rate of 3.71%. Additionally, the current national average 15-year fixed mortgage rate decreased 1 basis point from …
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing the 30-year fixed mortgage rate inching lower for the third consecutive week and setting a new low for the year. 30-year fixed-rate mortgage (FRM) averaged 3.94 percent with an average 0.5 point for the week ending June 1, 2017, down from last week …
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Mortgage applications decreased 3.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 26, 2017. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted …
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Improvements in Spain’s housing market is benefiting bank balance sheets and structured finance deal performance, says Moody’s Investors Service in a report published today. That said, while housing market dynamics have improved amid a strengthened economy, the Spanish mortgage market is unlikely to start heating-up anytime soon. “Rising Spanish house prices are positively affecting the …
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing the 30-year fixed mortgage rate remaining around four percent for the fifth consecutive week. 30-year fixed-rate mortgage (FRM) averaged 4.02 percent with an average 0.5 point for the week ending May 18, 2017, down from last week when it averaged 4.05 percent. A year …
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The number of mortgages in arrears fell slightly in the first quarter of 2017, and is down on both the previous quarter and a year ago, according to the Council of Mortgage Lenders.There were 92,600 mortgages in arrears, representing 0.84% of all mortgages, the lowest quarterly rate on record. Within the total stock of arrears …
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Singapore’s OCBC Bank announced that it has entered into an agreement to acquire National Australia Bank’s (NAB) Private Wealth business in Singapore and Hong Kong. As at end February 2017, the business comprised a mortgage portfolio amounting to about US$1.7 billion (S$2.39 billion) worth of mainly residential mortgage loans, and a deposit portfolio made up …
