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☆ One way to help American homebuyers? Do what the Dutch do.
▼ + stars: | 2024-03-13 | by ( Cork Gaines | Eliza Relman | ) www.businessinsider.com time to read: +5 min

The Dutch offer home mortgages with evolving interest rates that can automatically decrease over time. However, other countries are taking notice: The Dutch mortgage lender DMFCO recently began offering Dutch-style mortgages in the UK. AdvertisementBut there are some deeply entrenched features of the American mortgage system that make it unlikely we'll see widespread adoption of Dutch-style mortgages. AdvertisementAdditionally, mortgage interest rates in the US aren't determined by the loan-to-value ratio beyond a certain point. AdvertisementBut Cecela says he's interested to see what happens with the Dutch-style mortgages newly on offer in the UK.

Persons: —, Lindsey Harn, Lindsey, Harn, Guy Cecala, Cecala, Melissa Cohn, Raveis, Cohn, he's Organizations: Service, Business, Lindsey Harn Group, Mortgage, Mortgage Finance, USA Locations: Netherlands, San Luis Obispo County , California, Europe

☆ Banks keep European shares afloat
▼ + stars: | 2022-09-20 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

REUTERS/StaffSummarySummary Companies Bank stocks set to outperform European sectors for the monthFed expected to raise interest rates by 75bps on WednesdaySwedish c.bank surprises with full percentage point rate hikeSept 20 (Reuters) - European shares edged higher on Tuesday, boosted by banks, while expectations of another large interest rate hike by the U.S. Federal Reserve kept risk-taking bets in check. The pan-European STOXX 600 (.STOXX) index added 0.1%, after a soft start to the week, with banks (.SX7P) climbing 1.6% by 0759 GMT as lenders tend to benefit from a high interest rate environment. The U.S. central bank will likely deliver its third straight super-sized 75 basis point interest rate hike on Wednesday, toughening its stance on persistent inflation. "It's all about central banks this week and it looks like the traders are actually pricing in both the Fed's rate hike and the interest rate hike from the Bank of England," said Erik-Jan van Harn, macro strategist at RaboResearch. Shares of Bachem Holding (BANB.S) soared 9.0%, to the top of the STOXX index, after the Swiss biotech supplier signed two new contracts for peptides.

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