Will Sweden's central bank cut interest rates today?
The Riksbank in Sweden may potentially cut its policy rate for the first time in eight years, impacting interest rates on savings, loans, and mortgages. [ more ]
Sweden's major banks cut rates on variable mortgages
Sweden's central bank cut interest rates by 0.25 percentage points, leading major banks to lower their mortgage rates but decrease savings account rates. [ more ]
UK recession: Jeremy Hunt insists Tory party must stick to our guns' over economy
Jeremy Hunt insists prioritizing tackling inflation is the right thing to do after the UK slid into a recession.
Hunt believes that sticking to their plan will result in a relief for families with mortgages as interest rates may start to fall by early summer. [ more ]
Sunak considers radical plan for 99% mortgages to help first-time buyers
The UK government is considering a scheme to guarantee mortgages with just a 1% deposit to help first-time buyers.
The scheme is aimed at appealing to young voters struggling to get onto the property ladder, but experts warn it could push up house prices without addressing the housing shortage. [ more ]
Martin Lewis writes to Jeremy Hunt with four demands for spring Budget
Martin Lewis has written to the chancellor urging him to fix financial penalties that are affecting millions of people across the country.
The penalties include child benefits rules, ISA scheme punishments for first-time buyers, above inflation phone and broadcast price hikes, and real terms cuts to student living loans. [ more ]
Paying down debt has consistently been the top priority over the past six months
Debt repayment remains a top priority for individuals, with mortgages and high-interest deposit accounts losing importance while investment portfolios gain significance. [ more ]
How would 1% deposit mortgages work for Generation Rent?
The UK government is considering the possibility of creating 99% mortgages with just a 1% deposit, in an effort to help young people become homeowners.
The Help to Buy scheme, which offered government-backed loans and deposits to boost homeownership, could serve as a template for this new initiative. [ more ]
How technology can help mortgage lenders combat repurchase risk
Individual mortgages are bundled into mortgage-backed securities (MBS) and sold to investors on the secondary market. If mortgages in an MBS default, there is repurchase risk.
Emerging technologies such as AI, machine learning, and predictive analytics are being used to reduce repurchase risk and improve confidence in mortgages. [ more ]