MORTGAGE lenders have been slashing rates, with two-year deals now at the lowest they’ve been in almost three years. The average two-year fixed mortgage currently has an interest rate of 5.12%, according to data from Moneyfacts. 1 Lenders have been cutting mortgage rates in the last week, but by smaller margins than beforeCredit: Alamy Rates
A MORTGAGE scheme that is helping first-time buyers get on the ladder is set to end within weeks. The mortgage guarantee scheme enables buyers to get a home with just a 5% deposit. 1 The mortgage guarantee scheme has helped 53,000 home buyers get on the ladderCredit: Alamy It can be used to buy any
As we close out the first week of June 2025, the U.S. housing market continues to send mixed signals. Mortgage rates moved modestly but ended the week slightly lower, while buyer demand remained tepid. Inventory is rising nationwide, reshaping negotiations and hinting at a potentially cooler summer. Mortgage rate snapshot: Where we stand now Mortgage
Listen to this article At a glance: Existing home sales fell 0.5 percent in April, lowest since 2009 Median U.S. home price rose to $414,000, a record for April Mortgage rates hovered around 6.86 percent, discouraging buyers Unsold inventory up 20.8 percent year-over-year, aiding first-time buyers Sales of previously occupied U.S. homes fell in April,
PAYING a mortgage off early might seem like a pipe dream for most people. It’s typically the largest debt you’ll ever have, taking decades to pay off. 2 Pay your mortgage off early on an average wageCredit: Alamy But it is possible to make that dream a reality, even on an average wage. Monthly mortgage
The high street lender has reduced its stress rates – which are used to determine if they can afford to continue to pay their mortgage if interest rates rise – by between 0.75 and 1.25 percentage points 12:20, 15 May 2025Updated 12:36, 15 May 2025 Nationwide has made a change to its stress rates(Image: Mike
People looking to get on the property ladder have been given a new mortgage option. Buying a house for the first time is financially straining but a bank has introduced a new scheme to help people. As reported by The Sun, Skipton Building Society has announced its Delayed Start Mortgage. It gives borrowers mortgage payments
INTEREST rates are likely to fall at the fastest pace since the 2008 financial crash, economists are predicting. The Bank of England is widely expected to cut its base rate on Thursday from 4.5% to 4.25%. 1 Mortgage lenders have been slashing interest rates in recent weeksCredit: Alamy This would mark the second rate reduction
THE average two-year fixed mortgage rate has dropped below the average five-year fixed rate for the first time since Liz Truss’ mini-Budget. The average two-year fixed rate for those with a 40% deposit is now 4.18%, while the average five-year fixed mortgage rate for those with a 40% deposit is 4.19%, according to data firm