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%
Housing Wire
Mortgage rates declined amid banks failures. What’s next?
After increasing steadily for over a month, mortgage rates fell last week following a deposit run that provoked a liquidity crisis in regional U.S. financial institutions — and resulted in the failures of Silicon Valley […]
Daily Real-estate News
Happy Halloween? Mortgage Rates Average 6.66%
Despite a slight decrease this week in mortgage rates, the average for the 30-year fixed-rate loan remains more than double what it was a year ago, adding hundreds of dollars per month to financing costs […]
Housing
Spasms in UK mortgage market spell pain for homeowners, economy
LONDON, June 15 (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on […]