Existing home sales beat estimates, but don’t reflect recent higher rates

Let’s be honest about what’s actually happened here. The Financial Conduct Authority’s (FCA’s) CP26/18 landed weeks ago. It closes on 28 July. And most advisers reading this still haven’t opened it, because somewhere in your head, it filed itself under ‘lender stuff’ and got parked. That is a mistake. Not a small one either….

Mortgage rates moved higher for the 6th day in a row on Tuesday and to the highest levels since January, 2025. The average top-tier 30yr fixed rate is up to 7.22% and the most prevalently-quoted top-tier rate is 7.25%. Over the past 6 days, the average is up 0.33%, which is is the most abrupt…

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“Summer House” alum Danielle Olivera officially has a new roommate: her first-born son, Aidan Santos Heavey, who has finally been welcomed into the family home after spending more than two months in the neonatal intensive care unit. The 37-year-old reality star and her partner, Eoin Heavey, welcomed their baby boy on June 21 at just…

Ukraine’s soldiers want drones and robots that can handle more of the flying and driving themselves, letting one operator oversee multiple systems instead of manually controlling each one. Ukraine’s rapidly expanding arsenal of aerial drones and ground robots has become central to its fight against Russia’s larger military. Defense technology companies say they’re increasingly automating…

Barclays, Halifax and BM Solutions have announced another round of rate hikes with some deals jumping by as much as 30 basis points tomorrow. At Barclays, a 10-year fixed at 60% LTV with a £999 fee will rise by 30bps, from 5.12% to 5.42%. But the lender is also making increases of up to 25…