A survey conducted by the British Chambers of Commerce found that just 39% of participating businesses plan to increase prices in the next three months, down 13% from the previous survey results published in April, Reuters reported. This comes as the economic outlook improves and the Bank of England considers the possibility of cutting interest rates, possibly within the next month. The Bank of England has kept interest rates unchanged at 5.25%, and inflation had already hit the bank's 2% target in May. How do low interest rates benefit startups? Low interest rates are advantageous for startups in many ways,…
Author: Private Lending Agent
The average rate for a 30-year fixed mortgage is 7.08% today, up 0.08% from a week ago. The average rate for a 15-year fixed mortgage is 6.56%, up 0.06% from last week. Check out the chart below for mortgage rate trends. The Federal Reserve has held off on cutting interest rates due to slow improving inflation. Experts expect mortgage rates to gradually decline in the coming months, but housing market forecasts can always change depending on economic data, geopolitical events, and more. Current average mortgage interest rates Refinancing your mortgage Compare today's average mortgage rates on July 8, 2024 to…
June was a really hard month, I'll be the first to admit it. And if you would have asked me today what I thought the GTA average home price would be in June, I would have said it would fall significantly. It's amazing to see how quickly the market can change – after about four months of working in a seller's market where “offer nights” and multiple offers were the norm, June 1st rolled around and everything changed. Whether this has had an impact on prices remains to be seen, but it has significantly changed the process of selling property.…
Jay VanGorden, who handles sales for Indiana, Ohio, Michigan and Kentucky for Farmers National, said productive, mostly arable land is still selling at prices near recent records. “Less productive farms with smaller areas under cultivation have seen values fall by 5 to 10 percent, but this is much smaller than the 25 to 30 percent fall in grain prices over the past 18 months,” Van Gorden said. Shadegg noted the role that long-term price increases have played in the historical value of farmland. Over the past 25 years, land values have risen in stages with the ups and downs of…
Specialist lender Cambridge & Counties Bank has appointed three new staff to its property finance team. Lewis Ashford (pictured) has joined the bank as Senior Business Development Manager for the South West region. He previously worked at The Co-operative Bank where he spent the past 15 years in a variety of roles including business development and relationship management specialising in trading and commercial business. Emma Harris has joined as Relationship Manager covering the Yorkshire market, having previously worked at Synergi Finance, she has extensive market knowledge in both property lending and asset finance, and also has a diverse background having…
prasit2512 – stock.adobe.com Generative artificial intelligence holds great promise and risks for the mortgage industry, but despite the challenges, the developing technology is finding its place in companies' workflows. Its most likely adoption is in marketing applications. “Imagine if you Googled a topic, clicked on a few links, and then summarized what you found on those links. Imagine if a machine could do that for you in 30 seconds,” said Adam O'Daniel, chief marketing officer at Guild Mortgage.”It doesn't provide me with data that I probably couldn't find in a Google search, it just saves me the time it would…
As a landlord and tenant lawyer, part of my life's work is to “translate” the rules of the law so that non-lawyers can properly understand them. This is important: ignorance of the law is not (in most cases) a defense to breaking the rules. But if the laws are confusing and hard to understand, how can you prevent inadvertent violation of the rules? For example, the Welsh Housing Act I have spent much of 2021 and 2022 studying the Rental Housing (Wales) Act 2016 ahead of its coming into force in December 2022. It was no easy task, even for…
Posted on: July 8, 2024 03:00h. Last updated: July 7, 2024, 10:20. Shares of the two biggest casino property owners, VICI Properties (NYSE: VICI) and Gaming and Leisure Properties (NASDAQ: GLPI), are down an average of 11.27% year to date while the S&P 500 is up 16.69%. But some analysts believe gaming real estate investment trusts (REITs) could see better performance in the near term. Harrah's on the Las Vegas Strip, where owners VICI Properties and rival Gaming and Leisure Properties received praise from Truist Securities analyst Barry Jonas. (Image: Reno Gazette Journal) In a recent client note, Truist Securities…
Image source: Getty ImagesShares in Baillie Gifford Scottish Mortgage Investment Trust (LSE: SMT) have risen 12.2% in the first half of this year, meaning the trust has performed better than the FTSE 100, which is up 5.7% in the same period.Beating the index has become something of a routine for Scottish Mortgage. Over the past five years, the Footsie index has risen 8.6%, while the fund has returned a staggering 61.8%. Even in 2020, when the FTSE 100 fell 15.2%, the trust surged 106.9%.You get the point. Of course, past performance is no indication of what a share price will…
According to the central bank, the tenor for the temporary and reverse repos will be overnight and the interest rates will be set 20 basis points lower and 50 basis points higher than the seven-day reverse repo rate.Following the People's Bank of China's statement Monday morning, yields on China's 30-year government bonds rebounded quickly, opening at 2.493% before surging to 2.526% before stabilizing at 2.51% by early afternoon.Analysts say the move will make the seven-day reverse repurchase rate the main policy rate, creating a new narrow range for interest rates, giving the central bank more room to manage liquidity and…