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lombardo

Wells Fargo feeling pain from high house prices

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Well ....

Ill rephrase that.

US mortgage customers unable to transact as the mortgage required falls outside of the FreddyMAC prime mortgage loan quality rules.

This is how it should be,

This is how it is in the UK with MMR now - computer says No.

https://www.ft.com/content/76cb44f6-b1e1-11e8-8d14-6f049d06439c

Related article - Freddy Mac 30Y fix now at 4.54%.

Thats roughly what the cheapest UK rate should be.

 

 

 

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  • 149 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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