Buying a home in Alaska is increasingly challenging for residents, as home prices are higher than during their 2022 and 2023 peaks and mortgage rates have risen by more than 50 percent in the past six years, according to a new study by the Alaska Housing Finance Corporation (AHFC). Between 2018 and 2024, the average
File photo of an HSBC bank in Covent Garden (PA Wire) Two of Britain’s biggest mortgage lenders both cut the cost of their fixed rate deals today in a hopeful sign for borrowers and first time buyers. HSBC said that from tomorrow it will be cutting rates across its full range of products although it
housing-market-0514-ph Canada ranks among the countries hardest hit by higher interest rates in the developed world, but a new report says it didn’t have to be that way. Since the Bank of Canada began hiking rates in 2022, the debt-servicing ratio of Canadian households has soared to one of the highest among the advanced economies.
(Bloomberg) — Australia’s biggest banks plan to return more than A$5 billion ($3.3 billion) to shareholders just as fierce rivalry in the mortgage market shows few signs of easing. Most Read from Bloomberg A “savage” war for mortgages and new customers has “competed away all the interest rate hikes” that the banks could have kept,
The U.S. housing market is harboring the potential for unprecedented economic stimulus that wouldn’t require any federal spending, according to Meredith Whitney, the one-time “Oracle of Wall Street” who predicted the Great Financial Crisis. While she has recently warned of the dangers that the “crisis of the American male” poses to the economy and the