Mortgage demand dropped 2.9% last week as 30-year fixed rates rose to 6.81%, the highest level in over a year, according to the Mortgage Bankers Association.
Campaigners are demanding a windfall tax on UK banks, estimated to raise £19bn, following HSBC's $10.1bn second-quarter profits. The funds could support cost of living initiatives, while banks face scrutiny over profit distribution and lending.
Recent rule changes and more flexible lending criteria mean first-time buyers in the UK can now borrow up to six or seven times their annual income for a mortgage. This shift aims to make homeownership more accessible amid high house prices and living costs, but it also carries risks reminiscent of the 2008 financial crisis.
Westpac sells $15.4B RAMS mortgage portfolio, strengthening its balance sheet. Global oil prices drop ~5.7% after Trump cancels planned Iran attack. ASX expected to fall 1% despite Wall Street gains, with reporting season kicking off.
New condo-lending policies from Fannie Mae and Freddie Mac, effective Aug. 3, require closer scrutiny of condo associations' finances and maintenance, potentially causing mortgage delays or denials, especially for buildings failing to meet new standards.
Donald Trump announced the White House ordered 250 Cadillac Escalades, costing at least $22 million, during a Michigan speech. This decision is criticized amidst rising gas prices, mortgage rates, and an "affordability crisis" linked to the Iran war, with critics highlighting the symbolic disconnect.
The average 30-year fixed-rate mortgage reached 6.66%, its highest in a year, driven by rising oil prices from the Iran conflict and signals from the Federal Reserve about potential future interest rate hikes, making homeownership less affordable.
Mortgage Bankalar Birliği (MBA) raporuna göre, 24 Temmuz'da sona eren haftada mortgage başvuruları %6,4 azaldı. Konut satın alma başvuruları %4, yeniden finansman başvuruları %10 geriledi. 30 yıl vadeli mortgage faiz oranı %6,69'dan %6,76'ya, 15 yıl vadeli faiz oranı %6,04'ten %6,15'e yükseldi.
UK average mortgage rates have increased to a month-ago level, driven by renewed Middle East tensions and Houthi attacks on oil tankers in the Red Sea. This has pushed oil prices higher, stoked inflation fears, and reduced prospects for central bank interest rate cuts, leading major lenders to raise rates on new fixed deals.
Mortgage rates continued their climb last week, with the 30-year fixed rate reaching 6.69%, the highest since last August. Despite this, total mortgage demand increased by 1.9% as homebuyers returned to the market, possibly due to less competition and price cuts, while refinance demand fell.
The US housing market is experiencing a worsening affordability crisis, with June's pending home sales falling 5.4% and national median home prices hitting a record high. Builder sentiment also dropped in July, marking 15 consecutive months of negative outlook, driven by high mortgage rates, costly land, and labor shortages.
The UK housing market is poised for a prolonged period of stagnant house prices due to elevated mortgage costs, geopolitical tensions, and domestic political uncertainty, according to Bloomberg's analysis of RICS survey data. Buyer activity is slowing, with little expected movement in prices over the next three months.
US existing home sales fell in June due to high mortgage rates and record prices, despite job gains. Inventory remains tight, pushing median prices to a new high of $440,600. Sales are strongest at the higher end of the market.
The Philippines' recent upgrade to upper-middle-income status by the World Bank has been met with skepticism by citizens and advocacy groups. Many Filipinos, like Ann Michelle Federez-Abato, struggle with high inflation and daily expenses, finding the GNI per capita figure of $4,850 unrealistic.
House prices in Spain and Portugal are rising sharply due to high demand, limited supply, and immigration, making homeownership difficult. Spain saw a 12.9% increase and Portugal 17.8% in Q1 2026. Both governments are monitoring markets, with Portugal tightening lending rules.
The Bank of England forecasts that over 5 million homeowners will see increased mortgage bills by end-2028, a rise of 1 million from previous estimates, due to the impact of the Iran war. While the hit won't be as severe as recent years, typical monthly bills could increase by £45.
Kelisto.es ha publicado su ranking de las mejores hipotecas fijas, mixtas y variables para julio de 2026. El análisis compara ofertas bancarias basándose en criterios como el interés, las vinculaciones y las comisiones, destacando las opciones más económicas para los compradores de vivienda.
Freddy, a German fan who gained viral fame on social media during the World Cup, has disappeared from X after facing scrutiny over his authenticity. While some saw him as a genuine tourist, others suspected a marketing ploy. His online presence, now mainly on Instagram, continues to fuel debate about reality vs. performance in the digital age.
Several Indian states offer financial incentives like lower stamp duty and concessional home loans to women homebuyers, aiming to boost female real estate ownership, financial inclusion, and gender equity.
Rex Patrick unites Jacqui Lambie, Pauline Hanson, and David Pocock against Aukus secrecy. Fears grow over datacentres stoking inflation and a heavier mortgage burden. Plus, "crypto corruption" allegations against Trump and World Cup updates.
Rex Patrick unites unlikely allies for Aukus transparency. Fears grow over datacentres stoking inflation and a heavier mortgage burden. News also covers Trump's crypto dealings, "Murdoched" phenomenon, and World Cup updates.
New analysis reveals Australia's current mortgage burden exceeds that of the late 1980s when interest rates peaked at 17%. Despite lower rates, households dedicate a higher portion of income to debt servicing due to soaring home values and increased borrowing.
Mortgage demand remained flat last week, with total application volume up 0.04%, as interest rates held steady. Borrowers are shying away from riskier adjustable-rate mortgages, which hit their lowest share since January.
A New York family relocated to rural Italy, purchasing a home for $13,000. They now enjoy mortgage-free living, significantly lower expenses for childcare and utilities, and a slower pace of life, with no plans to return to the US.
