Mortgage Application Data News Today

British banks and building societies granted 72,645 new mortgages for house purchase in September, the lowest number since July 2020, Bank of England data showed on Friday - though more than economists had expected.

U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, boosting hiring at restaurants and other high-contact businesses.

Mortgage applications decreased last week as fewer homeowners sought to refinance their loans, offsetting a modest rise in applications for loans to buy homes.

(Updates with tightening of mortgage lending rules) OTTAWA, May 20 (Reuters) - Canada said on Thursday it would tighten rules on mortgage lending starting next month after the Bank of Canada earlier warned that the hot housing market and high household debt levels had left the economy more vulnerable to economic shocks. The country’s financial regulator and the Finance Department said separately that borrowers of both uninsured and insured mortgages must show that they can afford loans that a...

(Recasts with comments by Bank of Canada governor) OTTAWA, May 20 (Reuters) - The Bank of Canada said on Thursday that Canada’s hot housing market and high household debt levels had left the economy more vulnerable to economic shocks, but made clear it would not raise interest rates to cool the frenzy. A housing market boom and linked rise in mortgage lending has helped buoy economic growth in the short-term, but they increase the risk over the medium-term, the central bank said in its annual...

Black and Hispanic U.S. mortgage borrowers are much more likely to be delinquent or in a "forbearance" program than white borrowers, highlighting how the COVID-19 crisis is exacerbating systemic racial disparities, according to new data from the Consumer Financial Protection...

By Reuters Staff 1 Min Read LONDON, May 4 (Reuters) - British mortgage lending showed the biggest net increase on record in March, Bank of England data showed on Tuesday. Mortgage borrowing rose by a net 11.8 billion pounds ($16.4 billion) in March, the strongest since the series began in April 1993, the BoE said. British lenders approved 82,735 mortgages in March, down by about 5,000 from February, the BoE data also showed. A Reuters poll of economists had pointed to 92,300 approvals. ($1 = 0....

By Reuters Staff (Corrects name of agency in second paragraph.) STOCKHOLM, March 24 (Reuters) - Swedish rules on repaying mortgage debt, which were suspended last spring to help households remain solvent amid the coronavirus pandemic, will resume in September, the country’s financial regulator said on Wednesday. The mortgage break was used by 230,000 borrowers, but with household debt rising in 2020, a return to stricter rules was needed, particularly as the wider economy had stabilised after...

By Reuters Staff 1 Min Read WASHINGTON (Reuters) - The U.S. housing finance regulator on Thursday said it was extending temporary loan origination flexibilities until the end of next month amid the ongoing coronavirus pandemic, while other accommodations would likely end. The Federal Housing Finance Agency said in a statement that it would allow alternative appraisals on certain refinance loans, alternative methods for documenting income and verifying employment, and expanded use of power of at...

U.S. mortgage rates, which have hovered at or near historic lows for months and contributed to the housing market bouncing back to above pre-pandemic levels, are now on the rise.