Browsing Tag:Cuts

why-now-shouldnt-be-the-time-for-fha-premium-cuts
In its most recent annual report to Congress in November 2020, the Federal Housing Administration ((FHA) published its “Equity Ratio,” a measure of the capital reserves for insurance policies held under the Mutual Mortgage Insurance Fund (MMI Fund). At 6.1%, this was the highest capital ratio reported since 2007 and for the sixth year in a row above...
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do-not-maintain-your-breath-in-case-youre-ready-for-floating-mortgage-charge-cuts-from-the-massive-4-banks-however-do-haggle-with-em-if-youd-like-a-decrease-charge
The big four banks may all have started cutting their banks in 2021 one-year fixed-term mortgage rate to 2.29%. However, there is little evidence of any movement in variable or variable mortgage rates.Although Kiwibank cut floating mortgage rates by 1% or 100 basis points to 3.40% last June, more than six months followed by ANZ, ASB, BNZ or Westpac,...
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