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UK Mortgage Rate Hits 15-Year High

UK Mortgage Rate Hits 15-Year High

by Phil Hall | Jul 11, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The U.K.’s average two-year fixed residential mortgage rate reached 6.66% today, the highest level since August 2008 when it soared to 6.94%. According to a Reuters analysis of data from Moneyfacts, today’s rate is slightly above the 6.65% from last October that was...
Rising Mortgage Rates Create New Mayhem in UK Housing Market

Rising Mortgage Rates Create New Mayhem in UK Housing Market

by Phil Hall | Jun 26, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The U.K.’s housing market entered another perilous week with higher mortgage costs and the potential for additional interest rate hikes from the nation’s central bank. According to combined media reports, the financial data provider Moneyfacts reported the average...
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