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UK lenders suspend mortgage deals with customers after market chaos

UK lenders suspend mortgage deals with customers after market chaos

UK bond and currency markets have been in turmoil since Finance Minister Kwasi Kwarteng announced his “mini budget” on Friday. Oli Scarf | Getty Images News | Getty Images LONDON – British lenders Virgin Money, Halifax and Skipton Building Society have withdrawn some of their mortgage offers from their customers after the tumult in the …

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As 30-year mortgage rates hit 6.7%, homebuyers face “payment shock.”  Here are ways to save

As 30-year mortgage rates hit 6.7%, homebuyers face “payment shock.” Here are ways to save

Noel Hendrickson/Getty Images Even with signs of a slowing housing market, home buyers are still feeling the sting of high prices and higher interest rates. The average rate for a 30-year fixed-rate mortgage is 6.7% on Friday, down from 3.3% at the start of 2022, according to Mortgage News Daily. Along with that, home prices …

As 30-year mortgage rates hit 6.7%, homebuyers face “payment shock.” Here are ways to save Read More »

As 30-year mortgage rates hit 6.7%, homebuyers face “payment shock.”  Here are ways to save

As 30-year mortgage rates hit 6.7%, homebuyers face “payment shock.” Here are ways to save

Noel Hendrickson/Getty Images Even with signs of a slowing housing market, home buyers are still feeling the sting of high prices and higher interest rates. The average rate for a 30-year fixed-rate mortgage is 6.7% on Friday, down from 3.3% at the start of 2022, according to Mortgage News Daily. Along with that, home prices …

As 30-year mortgage rates hit 6.7%, homebuyers face “payment shock.” Here are ways to save Read More »

Why Americans shouldn't panic as the Fed hikes interest rates: Financial experts

Why Americans shouldn’t panic as the Fed hikes interest rates: Financial experts

Americans should stay calm, bolster their personal savings and keep an eye on their long-term financial plan as the Federal Reserve raises interest rates sharply, personal finance experts told the Post. The Fed raised its key rate by 0.75% on Wednesday for the third consecutive month. By raising interest rates, the Fed makes it more …

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An underestimated economic indicator is deeply negative

An underestimated economic indicator is deeply negative

OThis housing indicator bodes very badly for the economy. Homebuilder confidence, which measures market conditions in the single-family building space, has fallen in recent months as the housing market takes a beating and now appears to be facing recessionary conditions. “Tightening monetary policy from the Federal Reserve and persistently high construction costs have caused a …

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Housing may be struggling in China, but there are green shoots in commercial real estate

Housing may be struggling in China, but there are green shoots in commercial real estate

Commercial real estate is a beacon of hope in Chinese real estate, in contrast to the pessimism in the residential housing market. Property analysts and developers said offices, warehouses and business parks are proving resilient and continuing to generate stable rental income, albeit reduced due to weaker demand. Hong Kong-listed real estate group KWG Group …

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