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Generation Home is increasing selected mortgage rates by up to 15bps from 12 October, citing rising swap rates. The lender has announced increases across its three- and five-year mortgage products. All three-year rates will rise by 10bps, while five-year products at 60–80% loan-to-value (LTV) will also increase by 10bps. Five-year rates at 85–95% LTV will…
Federal Reserve Chair Kevin Warsh.Bloomberg News Processing Content Key insight: The labor market remains at or near full employment — as it has for roughly the past five years — but the negative reading bolsters the argument of a softening labor market as the Federal Open Market Committee weighs a rate hike in September. Expert…
Accord Mortgages has cut rates by up to 37bps, while TSB has reduced rates by up to 20bps. Accord’s cuts apply to its residential product transfer and additional loan products. All the lender’s three-year fixes will be cut by 37bps, with 5bps cuts to five-year fixed rates. The lender is also making 20bps cuts to…
By Josh Wingrove, Alicia Diaz and Thomas Seal (Bloomberg) — U.S.-Canada trade talks fell apart just before a midnight deadline, with 50% tariffs hitting billions of dollars of Canadian goods and Prime Minister Mark Carney vowing to retaliate in a dispute that looks poised to intensify. The U.S. import taxes kicked in Saturday on hundreds…
Open AI CEO Sam Altman speaks during the G20 Innovation Ministerial in Chapel Hill, North Carolina, on September 2, 2026. Matt Ramey | Afp | Getty Images OpenAI on Thursday announced it will begin rolling out its latest artificial intelligence model, GPT-6 Astra, which the company said is the product of “years of research and…
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