One of the two largest #Mortgage providers in the #US just decided you can use #BitCoin when you offer collateral, effectively allowing every #TechBro in the country to cash out at the same time. The #Mortgages will be left unbacked if defaulted on, since there is no way for the bank to cash out after seizing them. 

#FinancialNews #RealEstate #Finance #2008financialcrisis

https://finance.yahoo.com/markets/crypto/articles/coinbase-fannie-mae-enable-crypto-120846995.html

Coinbase, Fannie Mae to Enable Crypto-Backed Mortgages

The government-sponsored mortgage giant will accept Bitcoin and USDC as collateral through a new program with Better Home and Coinbase.

Yahoo Finance

Mortgage affordability worsens in most major Canadian cities, report says

https://fed.brid.gy/r/https://globalnews.ca/news/11746998/mortgage-affordability-february/

How to survive our doomed times? Both the experts and I have the same advice

We have two choices: be paralysed by fear or just continue with what we are doing. I know what I choose, says Guardian columnist Emma Brockes

The Guardian

Mortgage warning as first-time buyers set to face ‘shock’ amid Middle East war

https://fed.brid.gy/r/https://www.manchestereveningnews.co.uk/news/uk-news/mortgage-warning-first-time-buyers-33650115

The northern railway town named Britain’s most affordable area for families to buy a home

https://fed.brid.gy/r/https://www.manchestereveningnews.co.uk/news/uk-news/northern-railway-town-named-britains-33644209

UK mortgage interest rates will rise four times this year, markets predict

Investors believe Bank of England is likely to act amid sustained rise in inflation from Iran war

The Guardian

Home buyers told to consider 'controversial' move as mortgage rates soar

https://fed.brid.gy/r/https://www.mirror.co.uk/money/home-buyers-told-consider-controversial-36897174

Dream home in Lake District worth £5m that you could own mortgage-free for just £15

https://fed.brid.gy/r/https://www.manchestereveningnews.co.uk/news/property/dream-home-lake-district-worth-33620718

#nzpol can anyone explain to me why ANZ and BNZ are raising their mortgage rates today please? #banking #mortgages #costofliving *edit: just ANZ