House prices declined in April 2024, with affordability pressures persisting for potential buyers, as reported by Nationwide. The UK’s largest building society reported a 0.4% decrease in house prices compared to the previous month. The average cost of a home now stands at £261,962, which is 4% lower than inRead More →
House prices have ended the year 1.8% lower in the UK, according to Nationwide Building Society The Nationwide forecasts no growth or a further fall in 2024. The lender said the average house price across the UK was £257,443 in December 2023. This was flat compared to November 2023 butRead More →
The average rate on the U.S. 30-year fixed mortgage rate hit 8% on Wednesday 18th October 2023, according recently released data. That is the highest level since 2000. The unwelcome milestone came as bond yields soared to levels not seen since 2007. Mortgage rates follow the yield of the 10-year U.S. Treasury.Read More →
The average rate on the popular 30-year fixed mortgage rose to 7.72% on Tuesday 3rd October 2023, according to latest data Mortgage rates follow loosely the yield on the 10-year Treasury, which has been climbing this week following strong economic data. Rates have not been this high since the end of 2000. AtRead More →
The value of UK mortgage arrears jumped by almost a third in April to June 2023 compared with the same period last year, according to the Bank of England (BoE). Outstanding mortgage debt is now £16.9bn, the highest since 2016, it said. Mortgage costs have risen for millions as theRead More →