Category: mortgage
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Steep fall in mortgage taking in Israel in January
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Credit Mortgage: Shutterstock Shekel Card against the dollar Bank Leumi EVP: The north will recover in 2025 The mortgage seizure decreased by 50 % from the previous month, but by 30 % from January 2024, according to Bank of Israel reports. In January 2025, 7.3 billion NIS […] The post…
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Mortgage reforms set to loosen for first-time buyers in pro-growth push
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First-time buyers may find it easier to get on the property ladder under proposals to ease mortgage rules, while financial regulators explore ways to enable “responsible risk-taking” among borrowers. It is understood that the Financial Conduct Authority and other regulators are considering amendments to current lending guidelines, which could allow…
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Record mortgage taking in Israel in December
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Last month surpassed the previous monthly record for mortgage take-outs of NIS 13.4 billion in March 2022, the Bank of Israel reports. Israelis also recorded an all-time unexpected monthly record of NIS 13.8 billion in mortgage loans in December 2024, according to preliminary data from the Bank of Israel. This…
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US 30-year fixed-rate mortgage rate hovers just under 7%
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WASHINGTON (Reuters) – U.S. mortgage interest rates rose to their highest levels in six months this week, a trend that combined with rising home prices could further squeeze potential buyers out of the market. Mortgage financing agency Freddie Mac said Thursday that the average interest rate on a 30-year fixed-rate…
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2025 mortgage markets: Loan-to-income ratios and switching
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Breadcrumb links Real estate Mortgages Robert McAllister: Here are some not-so-bold predictions for 2025 for the real estate and mortgage markets Published on January 3, 2025 • Last updated 0 minutes ago • 4 minutes read You can save this article by registering for free here. Or log in if…
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2025 mortgage markets: Loan-to-income ratios and switching
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Breadcrumb links Real estate Mortgages Robert McAllister: Here are some not-so-bold predictions for 2025 for the real estate and mortgage markets Published on January 3, 2025 • Last updated 0 minutes ago • 4 minutes read You can save this article by registering for free here. Or log in if…
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Mortgage arrears jump – Globes
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Did the end of banks’ mortgage payment freeze programs, which began with the outbreak of war, lead to a jump in the number of delinquent mortgage loans? Bank of Israel figures indicate that in October, the volume of delinquent mortgage loans rose by NIS 250 million to reach a new…
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Housing market outlook: Mortgage rates to stay around 6%
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Mortgage rates may remain stuck in a narrow range around current levels and will not decline sharply any time soon. Before the Fed cut interest rates, mortgage interest rates had dropped dramatically near what some considered the “magic number” of 6% which would revive a sluggish housing market characterized by…
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Did the Fed just start the next bullish cycle for mortgage REITs? By Investing.com
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Investing.com – The Federal Reserve’s recent decision to cut interest rates by 50 basis points may have sparked the next bullish cycle for real estate investment trusts (mREITs), according to a new report from B. Riley. The firm notes that Fed rate-cut cycles have historically coincided with higher performance in…
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Did the Fed just start the next bullish cycle for mortgage REITs? By Investing.com
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Investing.com – The Federal Reserve’s recent decision to cut interest rates by 50 basis points may have sparked the next bullish cycle for real estate investment trusts (mREITs), according to a new report from B. Riley. The firm notes that Fed rate-cut cycles have historically coincided with higher performance in…
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Mortgage taking remained high in August
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Israel’s mortgage market remained strong last month as homebuyers took out mortgages totaling NIS 8.4 billion in August, the Bank of Israel reported. Mortgage takings last month were down 7% from July when more than NIS 9 billion in mortgages were taken out but were 20% higher than August 2023.…
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Mortgage taking tops NIS 9b for first time since 2022
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In the first seven months of 2024, mortgage loans worth NIS 45 billion were taken out, 4% more than in the corresponding period of 2023, despite a 40% decrease compared to the first seven months of 2022. Israel’s mortgage market saw a significant increase last month, with homebuyers taking out…
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Australian regulator warns of (slowly) rising arrears on mortgage and business loans
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator for the Australian financial services industry. The macroprudential policy settings will be maintained as they are following the latest quarterly assessment of domestic and international economic conditions. The quality of new housing loans remains good, and delinquency rates on both…
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Mortgage taking in Israel fell in June
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Mortgage takings last month fell slightly compared to May, but were 18% higher than in June 2023, the Bank of Israel reported. Mortgage loans granted in Israel in June 2024 fell slightly compared to May, despite estimates from senior banking officials who expected another increase in June, supporting the trend…
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Cherry Hill Mortgage moves to internal management model By Investing.com
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FARMINGDALE, N.J. – Cherry Hill Mortgage Investments, Inc. (NYSE: CHMI) announced Monday that its Board of Directors has decided to internalize the management of the Company. The decision, recommended by a special committee of independent board members, will terminate the current management agreement with Cherry Hill Mortgage Management, LLC and…
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Leumi mortgage chief: Major interest from foreign residents
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“The moment after the security threat is removed, we will see a surge in security,” Uri Yonessi, head of the mortgage department at Bank Leumi, told Globes news editor Bar Lavi, during the “Northern Talk” conference held by Globes and Bank Leumi in Acre. The North is supported by large…
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HSBC Joins UK Banks in Cutting Mortgage Rates
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HSBC has announced cuts to its mortgage interest rates, joining Barclays and NatWest in a move that follows hints from the Bank of England about the possibility of a key interest rate cut over the summer. Barclays cut fixed-rate home loan costs for new deals on Tuesday, with HSBC’s cuts…
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Mortgage rates drop for 3rd consecutive week on expectations of Fed rate cut
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June. November 20, 2024 at 12:17 PM ETXHP, ETP, MPPSPMB, CCM, VMBS, CMBS, LMBS, NAIL, JMBS, HOMZ, MTGP, JHMB, OWNSby: mary christine joy, SA News Editor Donnell shoe Mortgage rates fell for the third straight week on market expectations of future Fed rate cuts, according to a Freddie Mac primary…
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Mortgage taking in Israel at highest since 2022
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Mortgage loans rose to NIS 7.8 billion in May 2024, according to preliminary figures released by the Bank of Israel today – the highest number since September 2022. Mortgage takings rose to NIS 7.8 billion in May 2024, according to preliminary figures released by the Bank of Israel today —…
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Labour to Make Mortgage Guarantee Scheme Permanent for First-Time Buyers
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Labor has announced plans to permanently extend the mortgage guarantee scheme, initially introduced by the Conservatives in 2021 under then-Chancellor Rishi Sunak, if they win the next general election. The scheme, designed to support low-deposit mortgages for first-time buyers, was recently extended until July next year by current chancellor Jeremy…