US Housing Market Rapid Response Mortgage Applications (Aug.) Mortgage rates continue to weigh on demand Mortgage applications for home purchase continued to slip in August, recording the largest monthly fall since February. This latest drop has kept mortgage... 6th September 2023 · 1 min read
UK Commercial Property Rapid Response Lending to commercial property (Jul. 23) Net lending to commercial property was positive for the fifth consecutive month in July although, at £297m, the increase was the smallest since lending contracted in February. 30th August 2023 · 1 min read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Aug. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 25th August 2023 · 1 min read
US Commercial Property Rapid Response Commercial Property Lending (July) July saw the amount of outstanding debt secured against real estate rise (albeit marginally) after a sharp drop in June, driven by a strong rebound in residential lending. Across the commercial real... 14th August 2023 · 4 mins read
US Housing Market Rapid Response Mortgage Applications (Jul.) June’s rebound in mortgage applications for home purchase was short-lived as total applications fell by 1.7% in July. This pushed applications back down toward 30-year lows and was probably prompted... 2nd August 2023 · 1 min read
UK Commercial Property Rapid Response Lending to commercial property (Jun. 23) Net lending to commercial property was once again positive in June at £589m. The continued growth in lending to property contrasts with a contraction in overall sterling lending. Indeed, over the past... 31st July 2023 · 1 min read
UK Housing Market Update Mortgage rates will plateau rather than fall The lower-than-expected CPI inflation data for June probably signals the end of the upward march in mortgage rates. But mortgage rates are likely to plateau rather than fall as the Bank of England... 19th July 2023 · 2 mins read
US Commercial Property Rapid Response Commercial Property Lending (June) 17th July 2023 · 2 mins read
UK Commercial Property Update The implications of the latest hike in gilt yields The recent rise in gilt yields to levels above those seen in the aftermath of the mini-Budget has not triggered a similar rush to sell property assets. In part because past falls in capital values... 14th July 2023 · 3 mins read
US Housing Market Update Are sales being depressed by mortgage rate lock-in? Surging mortgage rates are undoubtedly dissuading households from moving due to the cost of giving up low fixed rate mortgages, weighing on home sales and inventory. But a similar decrease in sales in... 13th July 2023 · 4 mins read
UK Commercial Property Update Credit Conditions Survey (Q2 2023) The narrowing in interest margins reported by mortgage lenders in the Credit Conditions Survey suggests that mortgage rates won’t fall significantly anytime soon. Meanwhile, it became more difficult... 13th July 2023 · 3 mins read
UK Housing Market Update An uneven hit from higher mortgage rates The shift to fixed mortgage rates and the rise in the number of homes owned outright means that while some borrowers face a sharp rise in mortgage payments other homeowners will sit out this interest... 6th July 2023 · 5 mins read
US Housing Market Rapid Response Mortgage Applications (Jun.) A slight decline in mortgage rates allowed mortgage applications for home purchase to recover from the previous month’s lows in June. That said, applications remain below the average seen so far this... 6th July 2023 · 1 min read
UK Commercial Property Update Why has property lending held up? The recent strength of net lending to commercial property can’t be explained by a rise in investment. Instead, we suspect some investors are borrowing against older assets to provide additional equity... 5th July 2023 · 3 mins read
