Unlike the U.S., mortgage borrowers in the U.K. are required to renew mortgages on a cyclical basis.
The post UK Homeowners Facing Mortgage Rates Over 5% appeared first on Weekly Real Estate News.
UK Homeowners Facing Mortgage Rates Over 5%
Economy
Bank poised to hike interest rates as inflation remains unchanged at 8.7%
Borrowers have been put on notice for further Bank of England interest rate rises after inflation in the UK unexpectedly remained stuck at 8.7% in May, adding to the pressure on households suffering a surge in mortgage […]
Housing Wire
Mortgage delinquency decline reflects ‘continued resiliency’ of borrowers
Delinquencies improved in January, highlighting the resiliency of U.S. mortgage holders. The national delinquency rate fell to 3.38% in January, down from 3.57% in December, according to the Intercontinental Exchange (ICE) First Look Mortgage […]
Weely Real Estate News
Current Refinance Rates: September 6, 2022—Current Refinance Rates Inch Down
Source: Forbes — The rate on a 30-year fixed refinance decreased today. The average rate on a 30-year fixed mortgage refinance is 6.04%, according to Bankrate.com, while the average rate on a 15-year mortgage refinance […]