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04.09.26 - 00:31
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Benchmark mortgage rate hits highest mark in over a year (The Hill)
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The 30-year mortgage rate reached its highest mark in over a year on Thursday, portending lower purchasing power for prospective homebuyers. The benchmark 30-year fixed mortgage rate is 6.71 percent this week, up from 6.66 percent a week ago, FreddieMac reported Thursday. That is the highest point for the 30-year rate since the week ending......
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03.09.26 - 14:12
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UK homeowners: has the hot weather damaged your property? (The Guardian)
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Are you dealing with subsidence or other issues caused by the hot weather? During a dry spell, such as the successive heatwaves that affected some parts of the UK this year, houses built on clay-rich soil suffer as moisture is sucked away by trees and bushes. This causes the clay to shrink and foundations to drop, causing structural problems.We would like to speak to homeowners who are dealing with damage to their homes which is likely to have been caused by this year's extremely hot, dry weather. Continue reading......
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03.09.26 - 12:18
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Housebuilder Crest Nicholson warns of annual loss in ′subdued′ property market (The Guardian)
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Firm will complete fewer homes than expected in year to 31 October – between 1,350 and 1,400The British housebuilder Crest Nicholson has warned of a surprise loss this year as it bemoaned difficult trading in a “subdued” property market.In an unscheduled trading update, the company said it would complete fewer homes than expected in the year to 31 October – between 1,350 and 1,400, down from its previous estimate of 1,400 to 1,500. Continue reading......
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03.09.26 - 10:54
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UK mortgage borrowers brace for rate jump amid global bond sell-off (The Guardian)
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Swap rates rise to three-year high as increase in oil prices leads to fears of higher inflationBusiness live – latest updatesHomeowners in the UK are braced for a jump in mortgage rates, driven by higher inflation and interest rate increase expectations amid turmoil in the global bond markets.UK swap rates, which lenders use to price mortgages, have risen to a three-year high, as this week's global bond market sell-off ripples through the economy. Continue reading......
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