Fundamental Research Corp.’s Post

Lock advice at a glance! Current position: Cautiously float! REPRICE RISK: Low “Starting this morning's batch of economic data was the second revision to the 4th Quarter Gross Domestic Product (GDP) reading at 8:30 AM ET. It showed the U.S. economy actually expanded at a 3.4% annual pace during the last three months of the year, up from the previously estimated 3.2%. By theory, a stronger economy makes bonds less appealing to investors and leads to higher mortgage rates. Realistically though, this data is quite aged at this point and we will get the current quarter's initial reading next month. This has prevented a stronger reaction to the data than what we have seen so far.” Boma (want the full daily report, just email me the request) Looking to see what rate & Program best fit your needs? To schedule appointment and to provide me with basic information, click the link https://lnkd.in/gRRVFXAA Loan Level Price Adjustment Reminder: all lenders have already implemented the LLPA price adjustments, which are not favorable for most loans and will raise consumer rates. You can see the new LLPAs here: https://lnkd.in/egNtCHNW #azmortgagaebroker #peoriaazrealestate #phoenixarizona #arizonamortgages #glendaleaz #barrettfinancial #firsttimehomebuyer #azhomeloans #JeffPickeirng #pickeringgroup #AZBroker #MortgageRates #HomePurchase #Refi #purchaseahome

📊 The top UK banks have announced their 2023 results 📢. Within retail, net interest income is still rising 📈, albeit at a slower pace, while profits have stayed flat. Have we hit peak net interest income 🤷♂️? Mortgage rates, which peaked at around 6% in July 2023, dropped to under 4% last month. Additionally, a Bank of England base rate cut is expected mid-year 📉. So, the answer is likely 💯! Clariti AI's pricing software can help to reinvigorate margins 🚀🚀🚀

Exciting news for home buyers and investors! Earlier this month, the RBA made the decision to hold the cash rate. With inflation dropping, many lenders believe rates have peaked and might start decreasing soon. Here’s what some of our lending partners predict: 🌱 ANZ: First cut early 2025, with cash rate dropping to around 3.60% by end of 2025 🌱 Commonwealth Bank: Anticipates cuts starting late 2024, with cash rate reaching 3.10% by end of 2025 🌱 NAB: Predicts cuts by mid-2025, with the cash rate settling around 3.60% 🌱 Westpac: Foresees cash rate cuts starting late 2024, dropping to 3.10% by September 2025 After the most recent RBA decision, let’s see whose predictions are the closest over the coming months... 🌱 #SphereHomeLoans #MoreSavingsLessFuss #RBA #homeloans #propertyinvestor #mortgage #savings #investment #mortgagebroker #Tuggerah #CentralCoast #TuggerahNSW #nsw #australiawide #HomeLoanExpert #InterestRates #HomeLoans #MortgageUpdates

The 2023 results indicate that, despite an uptick in net interest income, the reported profits for the big 5 remain stagnant. With the high rate environment nearing its end, it is anticipated that we will observe a gradual decline in net interest income over the coming year.

With the economic climate improving, recent data from the prime central London (PCL) property market suggests that market activity and property prices could be rebounding after a few years of significant uncertainty. However, this optimistic outlook is not guaranteed, and there are a number of challenges that could still impact investors’ strategies in the latter half of 2024. To delve deeper into these challenges, our CEO, Alpa Bhakta, spoke to a few Butterfield Mortgages team members to gain an insight into the trends that they expect could dominate the PCL market in the months ahead. You can read Alpa’s feature for Mortgage Solutions below: https://lnkd.in/ed6CBZia #ButterfieldMortgages #investors #PCL #London #property #market #propertyinvestment

Lock advice at a glance! Current position: Cautiously float! REPRICE RISK: Low “Tomorrow has two early morning releases scheduled, but one is much more important to the markets than the other. The report the markets will be focused on tomorrow is the initial 1st Quarter Gross Domestic Product (GDP) reading at 8:30 AM ET. GDP is the sum of all products and services produced in the U.S. and is considered to be the best measure of economic growth or contraction. Market participants are expecting it to reveal the economy grew at an annual rate of 2.4% during the first three months of this year, slowing from the 3.4% rate of the end of last year. A noticeably smaller growth rate would be considered very good news for mortgage rates..” (want the full daily report, just email me the request) Looking to see what rate & Program best fit your needs? To schedule appointment and to provide me with basic information, click the link https://lnkd.in/gRRVFXAA Loan Level Price Adjustment Reminder: all lenders have already implemented the LLPA price adjustments, which are not favorable for most loans and will raise consumer rates. You can see the new LLPAs here: https://lnkd.in/egNtCHNW #azmortgagaebroker #peoriaazrealestate #phoenixarizona #arizonamortgages #glendaleaz #barrettfinancial #firsttimehomebuyer #azhomeloans #JeffPickeirng #pickeringgroup #AZBroker #MortgageRates #HomePurchase #Refi #purchaseahome

Housing market shake-up: Bright-line test, LVRs, DTIs - what you need to know ✅ The bright-line test has been scaled back from 10 years to two years, the loan-to-value ratio (LVR) rules have been loosened, and the debt-to-income ratio (DTI) caps come into force. ✅ Looking at actual mortgage activity, there was $6.9 billion of gross new lending in May, across house purchases, bank switches, and loan top-ups. ✅ Last week’s consumer confidence survey from ANZ showed a small fall in sentiment, albeit from an already low level. The results of the bank’s business survey were similar. On a more positive note, the flipside of a soft economy tends to be lower inflation, and that’s what we’re seeing. ✅ Outright job cuts in some industries would be an added headwind for the housing market Employment figures might only be at the start of a downturn, but there have been snippets of slightly better news for the house-building industry. It’s early days and only anecdotal, but still very welcome! That said, it seems fairly likely that Stats NZ’s latest figures on dwelling consents (covering May; due Tuesday) won’t quite have reached a floor yet. Read the full report here: https://www.rfr.bz/llo319l As always, there is never a better time to get on the property ladder. Call us on 0800 574 722 or visit our website to book an appointment - https://www.rfr.bz/llo319w 𝗔𝗱𝗱 𝘃𝗮𝗹𝘂𝗲 𝘁𝗼 𝘆𝗼𝘂𝗿 𝗟𝗶𝗻𝗸𝗲𝗱𝗜𝗻. 𝗚𝗶𝘃𝗲 𝘂𝘀 𝗮 𝗳𝗼𝗹𝗹𝗼𝘄!

As reported by Hope Coumbe last week on realestate.com.au, the big bank predictions are in alignment. "National Australia Bank has brought forward its prediction for the first rate cut from the Reserve Bank to February next year, a move experts say should improve confidence for both property seekers and owners. NAB has been an outlier among the big four banks in recent months, conservatively looking towards next May as the most likely time for a rate cut from the RBA. Its revised cash rate forecast this week, however, follows confirmation last week that headline inflation has fallen to its lowest level since August 2021." Read more here: https://lnkd.in/gWz2Z2cB

Mid year is a good time to reflect on the market outlook for the rest of 2024 and beyond. Notably, recent revisions to house price forecasts show a more optimistic outlook for this year. Whilst cuts in the Bank of England bank rate have yet to materialise, they are still expected in 2024. Whilst falls in the cost of mortgage debt have been tentative to date, this coupled with improving interest rate expectations and an improved economic outlook has created more capacity for house price growth this year. Given there is still a misalignment between supply and demand, strong rental growth is forecast for 2024 but moderating to levels more in line with earnings growth beyond. Source: #Dataloft by PriceHubbble, HM Treasury Forecasts, Savills, Knight Frank, JLL, CBRE. June 2024 #MarketOutlook2024#RealEstateForecast#HousePriceTrends #PropertyMarketUpdate#EconomicOutlook#InterestRates #MortgageRates#HousePriceGrowth#SupplyAndDemand#RentalMarket #PropertyInvestment#RealEstateInsights#MarketTrends #HousingMarket2024#MidYearReview