(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
It’s no secret that spring is prime home-buying time. The state of the mortgage market fluctuates all year, but as we move further into 2024, the market’s current conditions provide unique opportunities for those looking to buy a home. 2024 market conditions The start of the spring homebuying season saw interest rates for a 30-year
Mortgage loans refinancing declined for the week ending March 22, contributing to a drop in home loans applications even as interest rates decelerated, data from the Mortgage Bankers Association (MBA) showed on Wednesday. The Refinance Index fell 2 percent from the prior week and was 9 percent lower compared to a year ago. Overall, mortgage
“As originators, we’ve really taken on the piece of making sure that our clients are really knowledgeable around this as a healthy market,” she said. “That sticker shock of COVID and where rates fell to – that is not a normal market. “So I think that we’ve been really good at navigating and leveraging through
Mike Pearson, SVP of business development at A&D Mortgage, yearns for stability. “Some stability would be nice,” he said, expressing a desire for a more predictable market environment to navigate effectively. Brady Ryan, West region sales manager at Lima One Capital, sees opportunity in adversity. “Rates will not stay this elevated,” Ryan added. “They might