Worry for Homeowners as Average Mortgage Rates Rise for First Time Since February

Some average mortgage rates ‘jump month-on-month for first time since February’

With sticky inflation, ‘any imminent base rate cuts by the Bank of England seem unlikely’, Moneyfacts said.

Worry for homeowners as average mortgage rates rise for first time since February

Higher than expected inflation has dashed hopes of a series of interest rate cuts from the Bank of England

Mortgage rates edge up for the first time in eight months - Property Industry Eye

Mortgage rates edge up for the first time in eight months - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.

Ave mortgage rates rise for the first time since Feb – Mortgage Finance Gazette

The average two- and five-year fixed mortgage rates rose month-on-month for the first time in eight months, according to the latest Moneyfacts UK Mortgage Trends Treasury Report. Average mortgage rates on the overall two- and five-year fixed rates rose by 0.02%, to 4.98% and 5.02%… The post Ave mortgage rates rise for the first time since Feb appeared first on Mortgage Finance Gazette.

Mortgage rates creep back up as lenders show caution

Average mortgage rates have risen for the first time month-on-month since February as lenders approach the winter with caution. Following a series of drops in mortgage interest rates, the picture worsened slightly for new and renewing borrowers over the last month, according to financial information service Moneyfacts. The average rate for a two, or five, year fixed rate stands at about 5%, much lower than the peak of recent years, but still a s…

Mortgage rates rise for the first time in eight months - IFA Magazine

Moneyfacts UK Mortgage Trends Treasury Report data reveals the overall average two- and five-year fixed mortgage rates rose month-on-month for the first time in eight months. Mortgage shelf-life rose to 22 days and overall product choice dipped slightly below 7,000 options. Rachel Springall, Finance Expert at Moneyfacts, said:  “Borrowers may well be disappointed to see fixed mortgage rates on the rise. Volatile swap rates and a cautionary appro…