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Home sales surged in May to the highest level since December
Sales of previously owned homes rebounded more than expected in May, after mortgage rates pulled back slightly in April. Existing home sales in May rose 3.2% from April to a seasonally adjusted, annualized rate of 4.17 million units, according to the National Association of Realtors. Economists were expecting less than a 1% gain.
Revealed: How much you need to earn in top UK cities to get on the housing ladder
Revealed: How much you need to earn in top UK cities to get on the housing ladder Average salaries are far below what is needed to get a mortgage in many places - Bookmark - CommentsGo to comments The gap between average salaries and the amount needed to secure a mortgage on a first home has been laid bare by new analysis for The Independent. Figures from Joseph Lane at brokers Mortgage Lane reveals the salary needed to buy the average first home across seven big UK cities and shows that...
Donald Trump names William Pulte as interim DNI ahead of Tulsi Gabbard's departure
US President Donald Trump on Tuesday announced the appointment of William J Pulte, the director of the Federal Housing Finance Agency (FHFA), as the interim Director of National Intelligence (DNI), ahead of Tulsi Gabbard's departure from the post to care for her cancer-stricken husband. Also Read | From surf buddies to soulmates: How Tulsi Gabbard and husband Abraham Williams fell in lovePulte also heads the Federal Home Loan Mortgage Corporation ("Freddie Mac") and the Federal National...
UK mortgage approvals for house purchases reach highest level in over a year
UK mortgage approvals for house purchases reach highest level in over a year Economists are anticipating further interest rate increases later this year - Bookmark - CommentsGo to comments Mortgage approvals in the UK have surged to their highest level in over a year, according to new figures released by the Bank of England. The central bank's latest Money and Credit report revealed that 65,945 home purchase mortgages were approved in April. This marks a notable increase from the 63,979...
‘It feels unfair’: the Britons struggling to get a mortgage since Iran war began
Whether first-time buyers, in between homes or refixing, people tell of impact of higher mortgage rates on housingProspects of cuts in UK interest rates in 2026, which were widely expected at the start of the year, were rapidly extinguished when the Iran war started at the end of February. The renewed threat of inflation means the Bank of England is now expected to raise rates at least once this year, with mortgage costs staying higher for longer.The boss of Britain’s largest housebuilder...
Mortgage rates are easing slightly, but homebuyers are retreating
Mortgage rates finally eased a bit last week, but it was not enough to light a fire under demand. Total mortgage application volume dropped 2.5% compared with the previous week according to the Mortgage Bankers Association's seasonally adjusted index. The week's results include an additional adjustment for the Memorial Day holiday.
CEO of tech company arrested for supplying US-origin computer parts to Iran: How California resident negotiated, purchased and arranged shipment of large quantities of 'banned' US technology for over 10 years
Jamshid Ghomi, a dual US-Iranian national and CEO of an Iran-based technology company has been arrested today on a federal criminal complaint. As per a press release filed by U.S. Attorney's Office, Central District of California, Ghomi is accused of violating US sanctions against Iran by shipping sophisticated US-origin networking, security, and encryption equipment for Iranian customers — including the Iranian regime’s nuclear and military establishment. Ghomi, 33, is a resident of Newport...
People with mortgage deals ending soon 'should act now'
People with mortgage deals ending soon 'should act now' Continued global tensions mean nothing is set in stone Anyone with a mortgage deal ending soon has been told 'now is the time to review'. Following escalation in the Middle East over the weekend, with Iran and Israel exchanging missile strikes and the oil price once again edging up, mortgage brokers have warned that the risk of the ceasefire ending could send mortgage rates north — and urged borrowers, where possible, to secure a rate....
Benjamin Hall tackles grueling One World Trade Center climb on prosthetic legs to honor fallen heroes
Fox News' Benjamin Hall is preparing to conquer more than 2,000 steps to the top of One World Trade Center on Sunday, climbing alongside the very doctor who saved Hall's life when he was critically wounded in Ukraine. Speaking on "Fox & Friends Weekend," Hall and military trauma surgeon Dr. Joe Alderete explained why they're taking on the challenge for the 10th annual Tunnel to Towers Tower Climb. I have to crawl to get to the very top, I will crawl to get to the top because we need to...