Tag: mortgages
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Rapid, repeated rate rises forecast as inflation stays stubborn in Australia
Persistent inflation drives a second year of rate hikes Australian inflation has proven stubborn, and a recent survey of major economists suggests the Reserve Bank of Australia (RBA) will not be able to pause its campaign against rising prices. The consensus is clear: interest rates are likely to rise at least twice this year, with…
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ASB and BNZ Lift Some Fixed Home Loan Rates in NZ Market
NZ Banks Move to Increase Fixed Home Loan Rates New Zealand home loan borrowers faced a fresh shift in the cost of financing as ASB and BNZ joined Westpac and ANZ in lifting certain fixed-term mortgage rates. The moves, which affect several fixed-term options, come amid ongoing fluctuations in the official cash rate and shifting…
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ASB and BNZ Raise Fixed-Rate Home Loans: What It Means for Borrowers
Overview: Fixed-rate hikes from ASB and BNZ New Zealand’s home loan market has seen another wave of rate adjustments as ASB and BNZ join Westpac and ANZ in lifting some fixed-rate terms. The moves come amid broader shifts in the interest-rate landscape, affecting borrowers who prefer the predictability of fixed-rate mortgages. What exactly is changing?…
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First-time Buyers Take on Record £82bn in Mega Mortgages as Rules Relax
Record Lending to First-Time Buyers Marks a Turning Point First-time buyers are borrowing a record amount to enter the housing market, with lenders approving around £82bn in new mortgages deemed ‘mega mortgages’ due to their high loan-to-income ratios. The surge comes as regulatory tinkering and market dynamics push lenders to stretch affordability tests in pursuit…
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ANZ lifts NZ home loan rates as RBNZ policy shifts weigh on markets
ANZ lifts NZ home loan rates as market shifts New Zealand’s largest bank, ANZ, has increased its fixed-rate offerings for home loans, adding pressure for borrowers who were eyeing affordable financing paths. In response to evolving market dynamics and a shift in expectations around the Reserve Bank of New Zealand’s policy trajectory, ANZ announced a…
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What Happened Tuesday: Key Mortgage and Housing News You Need to Know
What Happened Tuesday in Mortgage and Housing News Here’s your concise briefing on Tuesday’s top mortgage and housing headlines. If you’re shopping for a home, refinancing, or simply watching the market, this quick update covers what moved, what stayed the same, and what it could mean for your wallet. Mortgage Rate Changes On Tuesday, there…
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SEB and Swedbank Cut Variable Rates by 20 Basis Points
Introduction In a significant move for homebuyers, banks SEB and Swedbank have announced a reduction in their respective mortgage rates. Both institutions have opted to lower their list rates for fixed-rate mortgages with a three-month binding period by 0.20 percentage points. This decision comes on the heels of Nordea’s similar announcement earlier this Wednesday. Impact…
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Impending Interest Rate Decision: Key Implications for Swedish Households
Understanding the Riksbank’s Upcoming Interest Rate Decision This week, Swedish households with mortgages are on edge as the Riksbank prepares to announce its latest interest rate decision. With significant financial implications at stake, the outcome is more uncertain than ever. On Tuesday, Riksbank Governor Erik Thedéen will reveal whether the central bank will maintain its…