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
Average long-term US mortgage rate falls to 6.69%, second straight drop since climbing to 2023 high
The average long-term U.S. mortgage rate fell again this week, positive news for potential homebuyers after rates reached their highest level since November earlier this month. Mortgage buyer Freddie Mac said Thursday that the average […]
Housing Wire
Mortgage payoff fraud rises 532% quarter-over-quarter: CertifID
With home sale transactions down, fraudsters are turning to mortgage payoff fraud to secure bigger payouts. Mortgage payoff fraud occurs when a title company mistakenly sends a mortgage payoff to a fraudulent bank account after […]
Mortage News
Mortgage Rates Rise, Application Volumes Retreat
It was unrealistic to expect last week’s strong increase in mortgage activity to be sustainable in the current volatile rate environment, and indeed it was not. The Mortgage Bankers Association said its seasonally adjusted Market […]