Home prices in ‘undesirable’ areas could fall by 85 per cent because they have ‘no reason to exist’ – It’s not desirable in any sense.’ ‘The houses in western Sydney made no sense no matter how we cut it and you could see that in the behaviour of the mortgage brokers who were more crazy.’ Mr Hempton.
Mortgage rate hike could dampen confidence – The RBA board does not meet in January. John Kolenda, managing director of mortgage broker 1300HomeLoan, is anticipating 0.50 percentage points worth of rate increases by the retail banks. "These are.
Millions face debt crisis if interest rates start to rise: Bank launches investigation into impact small increase may have – They will report in September. David Hollingworth, of mortgage broker London & Country, said: With base rates at such a low for four years, people are budgeting as if it’s the norm. ‘They could and.
How first-time buyers are flocking back: Number of mortgages approved in a single month reaches highest level since before the economic crisis – But mortgage brokers said first-time buyers must still be careful not to overstretch themselves, with many lenders still offering loans of more than four times people’s salaries. Jonathan Harris,
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Mortgage Broker Pace Joe Pace | mortgage lending company – Mortgage Investors Group – MARKET COMMENT Mortgage bond prices finished the week a little lower which put some upward pressure on rates. We started the week on a slightly positive.
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