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#mortgage — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #mortgage, aggregated by home.social.

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  1. How to check that your mortgage offset account is working

    Many Australians may have been unknowingly paying more interest on their home loans than necessary. That’s because banks…
    #NewsBeep #News #Australia #asic #AU #Banks #costofliving #homeloan #interestrates #interestrepayments #loans #millionslost #money #mortgage #offsetaccount #RBA #redrawfacility
    newsbeep.com/au/830776/

  2. How to check that your mortgage offset account is working

    Many Australians may have been unknowingly paying more interest on their home loans than necessary. That’s because banks…
    #Australia #ASIC #AU #Austrlia #banks #costofliving #homeloan #interestrates #interestrepayments #loans #millionslost #money #mortgage #offsetaccount #RBA #redrawfacility
    europesays.com/australia/60697/

  3. keenlens.substack.com/p/the-ba

    'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'

    'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'

    (NZ's Social Credit Party got a Court to agree five decades earlier.)

    'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'

    (The OECD average is about twice that.)

    '... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
    '.....
    'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...'

  4. keenlens.substack.com/p/the-ba

    'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'

    'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'

    (NZ's Social Credit Party got a Court to agree five decades earlier.)

    'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'

    (The OECD average is about twice that.)

    '... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
    '.....
    'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...'

  5. keenlens.substack.com/p/the-ba

    'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'

    'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'

    (NZ's Social Credit Party got a Court to agree five decades earlier.)

    'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'

    (The OECD average is about twice that.)

    '... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
    '.....
    'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...'

  6. keenlens.substack.com/p/the-ba

    'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'

    'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'

    (NZ's Social Credit Party got a Court to agree five decades earlier.)

    'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'

    (The OECD average is about twice that.)

    '... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
    '.....
    'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...'

  7. keenlens.substack.com/p/the-ba

    'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'

    'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'

    (NZ's Social Credit Party got a Court to agree five decades earlier.)

    'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'

    (The OECD average is about twice that.)

    '... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
    '.....
    'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...'

  8. ‘Hidden’ harm as ASIC finds mortgage borrowers miss out on millions in offset savings

    Millions of Australians use mortgage offset accounts to reduce interest costs on their home loans, but the corporate…
    #NewsBeep #News #Business #ANZ #asic #AU #Australia #Banks #CBA #homeloan #macquarie #mortgage #mortgageoffsetaccounts #Offset #Westpac
    newsbeep.com/au/829387/

  9. ‘Hidden’ harm as ASIC finds mortgage borrowers miss out on millions in offset savings

    Millions of Australians use mortgage offset accounts to reduce interest costs on their home loans, but the corporate…
    #NewsBeep #News #Business #ANZ #asic #AU #Australia #Banks #CBA #homeloan #macquarie #mortgage #mortgageoffsetaccounts #Offset #Westpac
    newsbeep.com/au/829387/

  10. They are not overspending. Young families did not fail. We as a society failed our young people. #CostOfLiving #Housing #Rent #Mortgage

  11. ICS Mortgages could be back in the game as dad of Wimbledon wild card bows out – The Irish Times

    French hedge fund manager Loïc Féry understands the art of probability better than most. But even he would…
    #Tennis #Wimbledon #dilosk #finance-ireland #ics-mortgages #karl-deeter #mortgage #mortgages #nua-money #pepper-finance #wimbledon
    europesays.com/tennis/41416/

  12. Mortgage alert: Nationwide Building Society and Barclays hike interest rates in blow to property market

    Several of Britain’s largest mortgage providers are pushing up their rates from Thursday, with Nationwide Building Society and…
    #EuropeSays #Britain #Europe #EU #Barclays #Interestrates #Money #mortgage
    europesays.com/britain/85140/

  13. europesays.com/britain/85140/ Mortgage alert: Nationwide Building Society and Barclays hike interest rates in blow to property market #Barclays #InterestRates #Money #mortgage

  14. While home ownership rates in some states are improving, one state is a clear outlier for unaffordable housing

    Owning a home in Sydney has become a pipedream for many, with home ownership rates dropping to the…
    #Australia #Sydney #analysis #bankloan #Covid #home #homeownership #house #housing #interestrates #KPMG #median #Metro #mortgage #nsw #owneroccupier #regional #rent #renters #unaffordability #WorkfromHome
    europesays.com/australia/51879/

  15. Sales have remained sluggish as #mortgage rates have mostly trended higher in the months since the #war between the #US & #Iran started. Expectations of higher #inflation amid surging #oil prices have pushed up the long-term #BondYields that lenders use as a guide to pricing home #loans, causing mortgage rates to climb. Still, mortgage rates remain below where they were a year ago.

    #economy #affordability #recession #housing #Trumpcession #TrumpsWar #Trump

  16. Sales have remained sluggish as #mortgage rates have mostly trended higher in the months since the #war between the #US & #Iran started. Expectations of higher #inflation amid surging #oil prices have pushed up the long-term #BondYields that lenders use as a guide to pricing home #loans, causing mortgage rates to climb. Still, mortgage rates remain below where they were a year ago.

    #economy #affordability #recession #housing #Trumpcession #TrumpsWar #Trump

  17. Sales have remained sluggish as #mortgage rates have mostly trended higher in the months since the #war between the #US & #Iran started. Expectations of higher #inflation amid surging #oil prices have pushed up the long-term #BondYields that lenders use as a guide to pricing home #loans, causing mortgage rates to climb. Still, mortgage rates remain below where they were a year ago.

    #economy #affordability #recession #housing #Trumpcession #TrumpsWar #Trump

  18. Sales have remained sluggish as #mortgage rates have mostly trended higher in the months since the #war between the #US & #Iran started. Expectations of higher #inflation amid surging #oil prices have pushed up the long-term #BondYields that lenders use as a guide to pricing home #loans, causing mortgage rates to climb. Still, mortgage rates remain below where they were a year ago.

    #economy #affordability #recession #housing #Trumpcession #TrumpsWar #Trump

  19. Sales have remained sluggish as #mortgage rates have mostly trended higher in the months since the #war between the #US & #Iran started. Expectations of higher #inflation amid surging #oil prices have pushed up the long-term #BondYields that lenders use as a guide to pricing home #loans, causing mortgage rates to climb. Still, mortgage rates remain below where they were a year ago.

    #economy #affordability #recession #housing #Trumpcession #TrumpsWar #Trump

  20. #US #HomePrices hit an all-time high as sales slow & #mortgage rates rise

    Sales of previously occupied US homes slowed in June, but a key measure of #home #prices climbed to an all-time high, adding to #affordability challenges for prospective homebuyers.

    Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday.

    #economy #recession #housing #Trumpcession #Trump
    apnews.com/article/interest-ra

  21. #US #HomePrices hit an all-time high as sales slow & #mortgage rates rise

    Sales of previously occupied US homes slowed in June, but a key measure of #home #prices climbed to an all-time high, adding to #affordability challenges for prospective homebuyers.

    Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday.

    #economy #recession #housing #Trumpcession #Trump
    apnews.com/article/interest-ra

  22. #US #HomePrices hit an all-time high as sales slow & #mortgage rates rise

    Sales of previously occupied US homes slowed in June, but a key measure of #home #prices climbed to an all-time high, adding to #affordability challenges for prospective homebuyers.

    Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday.

    #economy #recession #housing #Trumpcession #Trump
    apnews.com/article/interest-ra

  23. #US #HomePrices hit an all-time high as sales slow & #mortgage rates rise

    Sales of previously occupied US homes slowed in June, but a key measure of #home #prices climbed to an all-time high, adding to #affordability challenges for prospective homebuyers.

    Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday.

    #economy #recession #housing #Trumpcession #Trump
    apnews.com/article/interest-ra

  24. #US #HomePrices hit an all-time high as sales slow & #mortgage rates rise

    Sales of previously occupied US homes slowed in June, but a key measure of #home #prices climbed to an all-time high, adding to #affordability challenges for prospective homebuyers.

    Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday.

    #economy #recession #housing #Trumpcession #Trump
    apnews.com/article/interest-ra

  25. @markhburton @2legged PAY LESS THOSE YOU UPHOLD = Short #Answer

    You & others pay their expensive #rent / #mortgage to them / their #system expecting different manipulation / ending?

    NO WAY OUT BUT NOT PLAY THE CASINO / PAY LE$$.

    The #news, #satire, #mockery, #sarcasm is perhaps cathartic...

    but A LOT is a waste of time, with energy that could be invested better into ourselves #talking about #trust.

    100's here and we reply shallow, #hate, mock & don't increment / re-#create #trust much.

  26. @markhburton @2legged PAY LESS THOSE YOU UPHOLD = Short #Answer

    You & others pay their expensive #rent / #mortgage to them / their #system expecting different manipulation / ending?

    NO WAY OUT BUT NOT PLAY THE CASINO / PAY LE$$.

    The #news, #satire, #mockery, #sarcasm is perhaps cathartic...

    but A LOT is a waste of time, with energy that could be invested better into ourselves #talking about #trust.

    100's here and we reply shallow, #hate, mock & don't increment / re-#create #trust much.