A digital savings and mortgage platform which counts Starling Bank's biggest shareholder among its backers has secured more than £15m in funding to help more aspiring homeowners get onto the property ladder.

The rate increase was driven by two exceptionally large New York City properties: Worldwide Plaza and One New York Plaza.

The federal government should step in to prevent an emerging patchwork of state regulations from stifling the benefits of applying the tools of generative artificial intelligence to the mortgage market, writes Leah Price, of the Tinman AI Platform. Adobe Stock The federal government in December took the first steps toward steamrolling any potential bottlenecks that states may create when it comes to moving the mortgage industry forward with artificial intelligence . But with certain states committed to implementing their own AI regulations, it's incumbent upon federal regulators to continue to clear the path for AI-powered innovation . Failure to do so risks allowing a patchwork of state laws to stifle one of the few tools that homeowners can use at a time when housing affordability is a primary concern. Processing Content The risk is real. If individual states move forward with piecemeal AI regulation — especially in ways that raise compliance costs or punish experimentation — banks and mortgage lenders will do what they've been doing for a decade: freeze. And when the industry freezes, costs rise, competition falls and consumers pay. I've watched this dynamic up close. When I served at the Federal Housing Finance Agency, it was obvious...

Paradigm has launched a website and video resource for intermediaries covering the recently-published FCA Feedback Statement and Roadmap for its Mortgage

An unidentified speaker at the House Financial Services Committee blamed administration policies for rising housing and construction costs, cited $1.4 billion in alleged family gains and a $7.6 trillion mortgage-market exposure, and urged stronger federal investment and oversight of mortgage and consumer-finance agencies; officials named were absent from the hearing.

And the gap between Irish rates and the average across the Eurozone is narrowing.

The average mortgage rate in December was 3.5%, down from 3.8% a year earlier, Central Bank data shows

ALT: a painting of a woman laying in a bed with the words " i 'm dead " below her

“A little goes a long way” in keeping people housed, advocates say, and the social costs of not addressing the housing crisis are immeasurable.

Rates for a three-year fixed mortgage range from 3.20 per cent to 4.85 per cent

The average mortgage rate in December was 3.5%, down from 3.8% a year earlier, Central Bank data shows