June 5, 2025

First-time buyers

Mortgage

U.S. home sales fall in April as mortgage rates stay high – Daily Journal of Commerce

Listen to this article At a glance: Existing home sales fell 0.5 percent in April, lowest since 2009 Median U.S. home price rose to $414,000, a record for April Mortgage rates hovered around 6.86 percent, discouraging buyers Unsold inventory up 20.8 percent year-over-year, aiding first-time buyers Sales of previously occupied U.S. homes fell in April,

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Mortgage

How to pay off your mortgage early on an average UK salary

PAYING a mortgage off early might seem like a pipe dream for most people. It’s typically the largest debt you’ll ever have, taking decades to pay off. 2 Pay your mortgage off early on an average wageCredit: Alamy But it is possible to make that dream a reality, even on an average wage. Monthly mortgage

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Mortgage

Nationwide announces change to mortgage rules in major boost for first-time buyers

The high street lender has reduced its stress rates – which are used to determine if they can afford to continue to pay their mortgage if interest rates rise – by between 0.75 and 1.25 percentage points 12:20, 15 May 2025Updated 12:36, 15 May 2025 Nationwide has made a change to its stress rates(Image: Mike

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Mortgage

Bank cuts mortgage payments to £0 for three months | Personal Finance | Finance

People looking to get on the property ladder have been given a new mortgage option. Buying a house for the first time is financially straining but a bank has introduced a new scheme to help people. As reported by The Sun, Skipton Building Society has announced its Delayed Start Mortgage. It gives borrowers mortgage payments

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Mortgage

Interest rates to fall at fastest pace since financial crash as more lenders SLASH mortgage rates

INTEREST rates are likely to fall at the fastest pace since the 2008 financial crash, economists are predicting. The Bank of England is widely expected to cut its base rate on Thursday from 4.5% to 4.25%. 1 Mortgage lenders have been slashing interest rates in recent weeksCredit: Alamy This would mark the second rate reduction

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Mortgage

Average two-year fixed mortgage rate falls below five-year rate for the first time since Truss mini-Budget

THE average two-year fixed mortgage rate has dropped below the average five-year fixed rate for the first time since Liz Truss’ mini-Budget. The average two-year fixed rate for those with a 40% deposit is now 4.18%, while the average five-year fixed mortgage rate for those with a 40% deposit is 4.19%, according to data firm

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