PrimeResi Journal’s Post

Many clients ask me how mortgage rates on offer currently can be lower than the Bank of England's 5% base rate. This chart provides a clear illustration of how a lender’s mortgage pricing may vary from the base rate. Lenders set their rates based on swap rates, which reflect market predictions of where the base rate will stand at the end of the swap term. The chart shows lenders’ ability to anticipate market shifts that could prompt a rise in the base rate. Currently, lenders expect the Bank of England to lower rates, leading some clients to delay their decisions in hopes of rate reductions. However, much of this anticipated reduction is already reflected in today’s available deals.

OSFI's latest change!! - No stress test for insured mortgage renewals when switching lenders! - This decision offers more flexibility for borrowers seeking better mortgage terms Get in touch with us today, to learn more about the update. ☎ Call us:- +1 647-205-4831 🌐 Website:- https://lnkd.in/g7exg82Y #OFSI #MortgageRenewals #MortgageStressTest #MortgageNews #FinancialRegulations #HomeLoans #MortgageTips #FinancialNews #RealEstateCanada #OFSIUpdate #OSFIMortgageRules #UninsuredMortgageSwitch #CanadaHousingMarket #MortgageFlexibility #CanadianMortgageChanges #MortgagePolicyUpdate #HousingFinanceCanada

Latest update: The base rate has been reduced from 5% to 4.75% 🚨   This is the second base rate cut this year! So what does this mean for your mortgage?   If you are on a standard variable rate or a tracker rate, it means you will pay less. We are yet to see if lenders will reduce their fixed-rate offerings.    We are all waiting expectantly! #baseratecut #interestrates #bankrate

Fact: While a larger down payment can provide advantages, such as lower monthly mortgage payments and reduced interest rates, it is not mandatory. There are various mortgage programs available with different down payment requirements. 🌐 Visit us at https://lnkd.in/g5JbsgH  ☎️ Call us at +1 866-944-7778. #RealEstateDevelopment #realestateinvestments #DevelopmentFunding #TownhomeConstruction #PropertyDevelopment #UrbanPlanning #GovernmentRegulations #realestateinvestmentcompanies

With a raft of lenders repricing, mortgage costs has seen rates tip over 6pc as lenders react to ongoing uncertainty over when interest rates will start to fall. Few thoughts on What this means to future pricing and market sentiment moving forward in The Telegraph #johncharcol #mortgagebroker #reaction #marketcommentary #mortgagebrokers #mortgagebrokerage #mortgageindustry #mortgagerates #mortgageadvice #mortgageadvisor #fixedrate #fixedrates #mortgage #mortgagelending #mortgagebrokeruk https://lnkd.in/dtkJaDsX

Good news, the Bank of England has announced that interest rates are to be reduced to 5.00%. What could the rate reduction announcement mean for your mortgage? 📍 If you have a fixed-rate mortgage then there won’t be any immediate changes, however, reductions in the Bank of England base rate may mean that lenders start to offer more attractive deals in the coming months ahead. 🚨 If you have a variable-rate mortgage or are on the Standard Variable Rate (SVR), then you will see a change to your monthly repayments straight away. We are here to provide you with the advice and guidance you need and help with any queries you may have. You might be surprised at what we can find – so book an appointment with us to see how we can help. https://lnkd.in/ejdUQq3C

Interest Rates & Your Mortgage   With the Bank of England base rate currently at 5% - down from its recent 16-year high - it’s important to understand how this impacts mortgage buyers. According to BBC News, over 80% of mortgage customers have fixed-rate deals, so their current monthly payments remain unaffected. However, any future mortgage deals will be influenced by these changes. Are you prepared for how these shifts might impact your future financial plans? #GlobalBridgingFinance #Finance #InterestRate #Mortgage #BridgingFinance #BridgeLoan

Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn't try to time the market. Instead, it's better to focus on how even a small change impacts your future mortgage payment. As rates come down, even a little bit, your monthly payment on your next home will too. Want to see what this looks like at a different price point? Connect with Dan Desrosiers, your agent and his lenders.

Your customers need you more than ever. The most recent data from the INTERMEDIARY MORTGAGE LENDERS ASSOCIATION (IMLA) predicts mortgage intermediaries’ share of lending will keep rising, topping 90% in 2025. Read the rest of the article here 👇 https://lnkd.in/e-jS8_bG Be part of a network that puts customers first: https://lnkd.in/eBn88KQ7 #ProudToBePRIMIS

📖 According to the Mortgage Bankers Association, mortgage credit availability improved in October, making it easier for prospective borrowers to get a loan. Kan, MBA's vice president and deputy chief economist, said. “However, despite the across-the-board increases, overall credit supply remains tight, with the index still near the very low levels of 2011-2013.” 🧩🏡 #housingturnaround #buyersagent #orlandoflorida #centralflorida #polkcounty #centralfloridarealestate #housingturnaround #sellersagent #primeroscompradores #TampaBay #ventas #HomeownershipGoals