The £20bn+ investment potential, 1GW capacity target and three-phase development strategy behind the proposed AI data centre at Drax Power Station.
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The 15-year fixed-rate mortgage, widely used by borrowers refinancing a home loan, also rose to 6.60% from 6.42% last week, up from 5.55% a year ago. Bond market turbulence pushes rates higher The primary catalyst behind the rate surge is a sharp climb in the 10-year US Treasury yield, the benchmark most lenders use to price home loans. It reached…
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Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Chancellor John Healey put the focus on addressing rising living costs when he announced the first Autumn Budget of his tenure. Nestled within the Budget document and his speech on 28 October were a number of measures to help households…
Rate lock volumes tumbled in August as mortgage borrowing costs remained above year-ago levels, according to figures published Monday by Mortgage Capital Trading (MCT), a hedging and secondary markets advisory firm. Pipeline activity ultimately slowed on a monthly and yearly basis, with total lock volumes down more than 4% from July and 6% from a…
FLOT: A Simple Fixed-Income Allocation For Uncertain Rate Environment
“Honestly, until we have really strong conviction that rates are headed back down, it’s difficult for us to want to do anything except the really special project,” Haugen said. He said he typically targets potential yields on cost in the high single digits or in double digits. One way to get there is buying an…