Jump to content
House Price Crash Forum
Sign in to follow this  
Jason

June Peak In Fixed-rate Mortgages

Recommended Posts

http://news.bbc.co.uk/1/hi/business/7540462.stm

The cost of fixed-rate mortgages deals hit an eight-year high in June before falling back in July.
Figures from the Bank of England show that the average rate for a borrower with a 25% deposit was
6.6%
in June, up from
6.26%
in May.
That was the highest average rate for these popular types of mortgage since February 2000.
However, there has been a flurry of rate cuts from mortgage lenders in the past month, bringing down their cost.
"Lenders are starting to bring their rates down," said Aaron Strutt of mortgage brokers Chase de Vere.
"Since the Nationwide cut its rates others have been bringing their rates down too."
[...]
Mr Strutt estimates that the average two-year fix now costs
6.5%
, across all lenders.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.