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Mortgage rate rises loom as major lenders reprice – Moneyfactscompare
1+ week, 9+ hour ago (606+ words) HSBC and NatWest are among the major banks to have increased rates since the start of September. Major lenders have moved to increase mortgage rates to catch up with recent rises to swap rates, according to Moneyfactscompare.co.uk analysis....
Mortgage brokers split on interest rate message - REMI Network
1+ week, 4+ day ago (339+ words) Mortgage brokers split on interest rate message reminetwork.com Steady holding of the Bank of Canada’s overnight lending rate elicits differing responses from mortgage brokers associations in Ontario and British Columbia. Bank of Canada Governor Tiff Macklem has confirmed the…...
Mortgage competition is costing lenders $1b a day
1+ week, 5+ day ago (73+ words) AFR Mortgage borrowers are switching $1 billion across lenders every day around the country, forcing banks to fight over a shrinking pie and sharpen their efforts to retain existing customers. Around 664,000 home loan customers holding $371 billion of mortgage balances shifted lenders…...