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...
A new flurry of homebuilding, a gloomy summer for homeowners in the U.K. and a bizarre diplomatic feud involving a squatter. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Hit: If I Had a Hammer! This week saw a...
Mortgage borrowers in the U.K. began the week with a new degree of financial discomfort as the average two-year fixed mortgage rates for homebuyers hit 6.01% today, the highest level since last December. The rate was 5.98% on Friday, as per data from Moneyfacts. This...
The U.K. housing market experienced the removal of roughly 800 mortgage deals from the market last week as the nation faces growing uncertainty over interest rate hikes. According to the data resource Moneyfacts, the number of residential mortgages on the U.K declined...
While Americans are dealing with mortgage rates in the mid-6% range, their U.K. counterparts are being warned that they will be burdened with 5%-plus fixed-rate deals in the coming weeks. According to a report in The Guardian, the publication on Wednesday that April’s...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
