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26.03.26 - 08:00
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Average UK mortgage rate rise to highest since August 2024 as Iran war pushes up borrowing costs – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsConsumer confidence in the UK has “collapsed” since the start of the Iran war, according to new research from the British Retail Consortium.The sharp rise in energy prices caused by the effective closure of the strait of Hormuz and attacks on infrastructure in the region has led to fears of higher inflation and weaker growth across oil-importing countries.“The Moneyfacts Average Mortgage Rate has hit 5.50% - heights last seen more than 18 months ago, marking another unwelcome milestone for borrowers this month. These rising costs are in direct response to the conflict in the Middle East which has dramatically shifted market expectations around inflation and future interest rates, with lenders scrambling to keep up with rising funding costs.“Moneyfacts' analysis of more than 30 years of historic rates data shows mortgage rates have historically averaged around 1.5-1.75 percentage points above Base Rate. If a couple of rate rises materialise...
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25.03.26 - 20:42
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Washington State′s Race-Based Housing Finance Program Faces Federal Probe (ZeroHedge)
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Washington State's Race-Based Housing Finance Program Faces Federal Probe
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
The Trump administration's housing department launched an investigation into the Washington State Housing Finance Commission for allegedly violating the Fair Housing Act via its race-based housing finance program, according to a March 24 press release.
President-elect Donald Trump's nominee for Secretary of the U.S. Department of Housing and Urban Development, Eric Scott Turner, testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Jan. 16, 2025. Madalina Vasiliu/The Epoch Times
The Department of Housing and Urban Development's (HUD) Office for Fair Housing and Equal Opportunity (FHEO) notified the commission of the investigation into the state's Covenant Homeownership Program.
Launched in 2024, the program offers down payment and closing cost assistance to homeowners, which, according to its w...
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