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Hope springs eternal as borrowing costs ease
Industry pundits say the mortgage market is at last beginning to see glimmers of hope with borrowing costs starting to ease and three-month LIBOR falling to 4.18%.
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Analysis
Marketwatch 17/11/08
In an amazing week swaps fell by the largest margin I have seen since I first started writing this column.
Since the end of September one-year swaps are down a whopping 2.5%. I had to alter the y axis of the graph to accommodate the low levels they have reached.
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Comment
Features
Cover Story
Secured interest
If you had uttered the words 'secured loan' to a mortgage broker five years ago, the first image that is likely to have popped into their head would be television personality Carol Vorderman advertising Firstplus products on daytime TV. Over the years the secured loans market has been haunted by the notion that it provides lending of last resort. But as mortgage lenders tighten their belts, secured loans are no longer seen as the final option for clients but as a viable approach for those who want to raise additional funds.
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Mortgage Mole
Spanish flee
Mole was intrigued to view an interesting film at an industry awards do last week.