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Average five-year fix at highest level since 2023: Moneyfacts – Mortgage Strategy
The average two-year fixed jumped by 17 basis points and the five-year rate by 16bps over the past week as a wave of lenders hiked prices. Moneyfacts’ weekly rate watch data showed substantial movements following repricing by major banks and building societies. The average five-year rate reached 5.88%, the highest it has been since October…
Study: Most Buyers Overpay for Their Mortgage
According to exclusive new research from Rankrate, there’s a very good chance that you’re overpaying for your mortgage by more than $3,300 per year. And, here’s the kicker: Bankrate said it’s completely avoidable. Bankrate’s research found 9 in 10 homebuyers didn’t get the lowest mortgage rate available to them and, as a result, are overpaying…
Dollar Struggles Despite Rising Fed Rate Hike Expectations
Dollar Falters as Global Inflation and Fed Hike Bets Jostle Currency Markets Currency Markets React to Inflation and Central Bank Policies By Rae Wee Dollar Struggles Amid Global Rate Hike Expectations SINGAPORE, Sept 7 (Reuters) – The dollar wobbled on Monday despite a ramp-up in U.S. rate-hike bets, as tension in the Middle East heightened…
Iress grows UK earnings by 43% in first half – Mortgage Strategy
Iress’ UK business delivered a 43% increase in pre-tax earnings (EBITDA) to £4.6m in the first half of 2026, as it continued to invest in product development, AI and engineering capabilities. The firm provides mortgage industry software including Trigold, The Exchange, Lender Connect, Xplan Mortgage as well as white-labelled sourcing APIs and integrations and similar…
Nearly half of Americans comfortable with AI mortgage decisions
Rate comparison (76.8%) and answering general mortgage questions (74.9%) rank highest across all tasks surveyed. Approval or denial is the only function where comfort dips below 50%, but the 49.2% figure suggests consumers are thinking about AI’s role in ways that extend far beyond search and comparison. Data & Analysis Consumer comfort with AI across the…
Former Arms Dealer Launches Takeover Of Heartland Apartment Portfolio
The two worlds of Marc Kulick, an Oklahoma-based developer and former high-stakes gambler, have collided to create a vicious onslaught of lawsuits, including racketeering allegations, and foreclosures. Kulick is being sued by business partners and investors after defaulting on high-interest loans he took from Efraim Diveroli, the convicted felon and former arms dealer who inspired the…
