Global News BC: B.C. Premier David Eby asks Bank of Canada to freeze hikes to interest rates https://globalnews.ca/news/9931842/bc-premier-david-eby-freeze-interest-rates/ #globalnews #britishcolumbia #news #borrowingrates #InterestRates #BankofCanada #lendingrates #TiffMacklem #inflation #mortgages #DavidEby #Economy
#globalnews #BritishColumbia #news #borrowingrates #interestrates #BankOfCanada #lendingrates #tiffmacklem #Inflation #mortgages #DavidEby #economy
Mortgage
Lawsuit tossed, millions lost
Commerzbank v. BNY
Crisis, injustice, stress
Ruling
#commerzbank #bnymellon #mortgages #lawsuit #cinquain #poetry
#commerzbank #BNYMellon #mortgages #lawsuit #cinquain #poetry
yes, although the banks (by reducing #mortgage rates) must be calculating that the MPC will change direction before long (although cheaper #mortgages also reveal a problem in the demand for credit, from which they make their profits, of course)
Today the #BankOfEngland put up #InterestRates again. For savers, this means the interest rate will go up from twice nothing to thrice nothing. For those with #mortgages, it means the rate will go up from "I can't afford that!!" to "are you f**king kidding me?". On the plus side, it didn't #rain quite so much today. ☔
#bankofengland #interestrates #mortgages #rain
Always thought the housing market in the UK was a bit of a shitshow but now with interest rates finally returning to historic norms it really has become even more of a shitshow
#Channel4News #UKHousing #CostOfLivingCrisis #BuyToLet #Landlords #Renters #Mortgages
https://youtu.be/bKOFAkyuc-E
#channel4news #ukhousing #costoflivingcrisis #buytolet #landlords #renters #mortgages
Entire #HousingMarket, Buyers and Sellers, May Have Shrunk by 20% to 25% because of the 3% #Mortgages
https://wolfstreet.com/2023/07/21/entire-housing-market-buyers-and-sellers-may-have-shrunk-by-20-25-because-of-the-3-mortgages/
Why do banks in some countries offer 30 year fixed rate mortgages to their customers while banks in Britian do not? Asking for a friend…who thinks the UK retail financial sector is a spiv-crammed rip-off.
#interestrates #mortgages #housingcrisis
#housingcrisis #mortgages #interestrates
Weird how we shorten it to, “lose your house” when the house doesn’t go anywhere and you don’t lose your location memory.
You, “lose ownership of your house.” And unless you hold the title it means, “lose privilege of paying down your mortgage while still living in that house.”
#homeownership #mortgages #wga
2Y gilt nudged past 5.4% yesterday - bad news for anyone taking out a mortgage in the near future, and further evidence of eroding confidence in UK plc
A really interesting take on the current situation with UK Mortgage rates
Hands up if you tried to undermine the Covid inquiry into Johnson
Nads: oooh I know this
Mogg: Put it down Dorries
#brexit #ToryLies #tory #tories #ToriesOut #toryscum #politics #ukpolitics #Corruption #ToryCorruption #bbc #news #costofliving #SunakOut #EU #covid #COVID19 #CovidInquiry #immigration #interestrates #inflation #mortgages #inflation #partygate #thameswater #privatisation
#brexit #ToryLies #tory #tories #ToriesOut #toryscum #politics #ukpolitics #Corruption #ToryCorruption #bbc #news #costofliving #SunakOut #EU #covid #COVID19 #CovidInquiry #immigration #interestrates #inflation #mortgages #partygate #thameswater #privatisation
Britain’s 5 #Brexit Stages: Denial, Anger, Bargaining, Depression…and Diet Pills
#BorisJohnson #BrexitShambles #Inflation #Mortgages
(co-published w Center for Brexit Studies)
#brexit #BorisJohnson #brexitshambles #inflation #mortgages
Britain’s 5 #Brexit Stages: Denial, Anger, Bargaining, Depression…and Diet Pills
#BorisJohnson #BrexitShambles #Inflation #Mortgages
(co-published w Center for Brexit Studies)
#brexit #BorisJohnson #brexitshambles #inflation #mortgages
Greta Li and I got a #CFPB blog post to drop on y'all:
"How are #mortgages with a #COVID-related #forbearance performing in 2023?"
"While we expressed concern in both 2021 and 2022 about borrowers’ ability to recover from periods of forbearance, our most recent analysis shows that the majority of borrowers in forbearance in 2021 – including Black and Hispanic borrowers – were largely able to become current on their payments by March 2023."
#CFPB #mortgages #covid #forbearance
Britain’s 5 #Brexit Stages: Denial, Anger, Bargaining, Depression…and Diet Pills
#BorisJohnson #BrexitShambles #Inflation #Mortgages
(co-published w Center for Brexit Studies)
#brexit #BorisJohnson #brexitshambles #inflation #mortgages
It’s these small little changes (together with not-so-small changes like #rent or #mortgages) in the past 6 months or so.
A dollar here, two #dollar there that suddenly made cost of living in #Singapore so much higher… Everything in #supermarkets went up with 1 or 2 #dollars as well. #meh
Not sure how it compares to other places, but definitely suddenly feeling it (also because I’ve been laidoff (thanks, #Tech), definitely going #frugal.
#rent #mortgages #dollar #singapore #supermarkets #dollars #meh #tech #frugal
Expensive mortgages here
Homeowners feel intense pain
Costs soar in the UK
#mortgages #uk #france #housing #haiku #poetry
http://www.independent.co.uk/news/business/mortgages-interest-rates-inflation-sunak-b2363968.html
#mortgages #uk #france #housing #haiku #poetry
Listening to the radio and hearing an MP say “homeowners have done the right thing and saved for their deposit and now they should be protected”. What about others caught in the rent trap who can never get close to saving for deposits, because the amounts wanted now or anything between £60,000 and £100,000? Are we not doing the right thing? It’s been made nearly impossible now. Absolute joke.
Here’s a #petpeeve Those #commercials with #tomselleck hawking those damn #reverse #mortgages. They are NOT “loans like any other.” With a regular mortgage, you pay every month, the balance goes down, and so does the #interest accrual. If you don’t pay down your reverse mortgage (which many, if not most borrowers do not), the interest just keeps running. The balance gets so high there is no alternative but to sell the house in the end to repay it. #personalfinance #beware #aag
#petpeeve #commercials #tomselleck #reverse #mortgages #interest #personalfinance #beware #aag